PRO-PAC Packaging (ASX:PPG) Equity-to-Asset : 0.50 (As of Dec. 2023)

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What is PRO-PAC Packaging Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. PRO-PAC Packaging's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$127.8 Mil. PRO-PAC Packaging's Total Assets for the quarter that ended in Dec. 2023 was A$255.0 Mil. Therefore, PRO-PAC Packaging's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.50.

The historical rank and industry rank for PRO-PAC Packaging's Equity-to-Asset or its related term are showing as below:

ASX:PPG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.37 Med: 0.5 Max: 0.64
Current: 0.5

During the past 13 years, the highest Equity to Asset Ratio of PRO-PAC Packaging was 0.64. The lowest was 0.37. And the median was 0.50.

ASX:PPG's Equity-to-Asset is ranked worse than
57.69% of 390 companies
in the Packaging & Containers industry
Industry Median: 0.55 vs ASX:PPG: 0.50

PRO-PAC Packaging Equity-to-Asset Historical Data

The historical data trend for PRO-PAC Packaging's Equity-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

PRO-PAC Packaging Equity-to-Asset Chart

PRO-PAC Packaging Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Equity-to-Asset

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0.40

0.39

0.40

0.51

PRO-PAC Packaging Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.37	0.40	0.50	0.51	0.50

Competitive Comparison of PRO-PAC Packaging's Equity-to-Asset

For the Packaging & Containers subindustry, PRO-PAC Packaging's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

PRO-PAC Packaging's Equity-to-Asset Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, PRO-PAC Packaging's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where PRO-PAC Packaging's Equity-to-Asset falls into.

PRO-PAC Packaging Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

PRO-PAC Packaging's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	135.78	/	267.212
	=	0.51

PRO-PAC Packaging's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	127.772	/	254.991
	=	0.50

PRO-PAC Packaging (ASX:PPG) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

PRO-PAC Packaging Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of PRO-PAC Packaging's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

PRO-PAC Packaging (ASX:PPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » PRO-PAC Packaging Ltd (ASX:PPG) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

83-85 Banbury Road, Reservoir, Melbourne, VIC, AUS, 3073

Website

https://www.ppgaust.com.au

PRO-PAC Packaging Ltd is engaged in the manufacture and distribution of flexible, industrial, and rigid packaging products. The company's operating segment includes Flexibles; Distribution and Unallocated. It generates maximum revenue from the Flexibles segment. The Flexibles packaging segment manufactures flexible packaging materials incorporating products such as stretch and shrink wrap, agricultural silage packaging, fresh produce bags, barrier and lidding films, and industrial protective films. Geographically, it derives a majority of its revenue from Australia and also has a presence in New Zealand.