Switch to:
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
Electro Rent Corp (NAS:ELRC)
Total Equity
\$225.1 Mil (As of Feb. 2016)

Electro Rent Corp's total equity for the quarter that ended in Feb. 2016 was \$225.1 Mil.

Total equity is used to calculate book value per share. Electro Rent Corp's book value per share for the quarter that ended in Feb. 2016 was \$9.30. The ratio of a companys debt over equity can be used to measure how leveraged this company is. Electro Rent Corp's debt to equity ratio for the quarter that ended in Feb. 2016 was 0.00.

Definition

Total Equity refers to the net assets owned by shareholders.

Total Equity and Total Liabilities are the two components for Total Assets.

Electro Rent Corp's Total Equity for the fiscal year that ended in May. 2015 is calculated as

 Total Equity = Total Assets(Q: Feb. 2016 ) - Total Liabilities(Q: Feb. 2016 ) = 300.314 - 72.336 = 228.0

Electro Rent Corp's Total Equity for the quarter that ended in Feb. 2016 is calculated as

 Total Equity = Total Assets(Q: Feb. 2016 ) - Total Liabilities(Q: Feb. 2016 ) = 287.169 - 62.07 = 225.1

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

1. Total equity is used to calculate book value per share.

Electro Rent Corp's Book Value Per Share for the quarter that ended in Feb. 2016 is

 Book Value per Share = (Total Shareholders Equity - Preferred Stock) / Total Shares Outstanding = (225.099 - 0) / 24.20 = 9.30

2. The ratio of a companys debt over equity can be used to measure how leveraged this company is.

Electro Rent Corp's Debt to Equity Ratio for the quarter that ended in Feb. 2016 is

 Debt to Equity = Total Debt / Total Equity = (Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity = (0 + 0) / 225.099 = 0.00

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Electro Rent Corp Annual Data

 May06 May07 May08 May09 May10 May11 May12 May13 May14 May15 Total Equity 221.8 243.5 256.1 228.8 230.0 240.4 248.1 228.5 231.0 228.0

Electro Rent Corp Quarterly Data

 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 Total Equity 230.9 230.9 231.0 231.2 231.5 229.1 228.0 227.6 227.1 225.1
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to \$400 per referral. ( Learn More)