Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Indraprastha Gas's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹96,334 Mil. Indraprastha Gas's Total Assets for the quarter that ended in Mar. 2024 was ₹142,200 Mil.
Therefore, Indraprastha Gas's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.68.
The historical rank and industry rank for Indraprastha Gas's Equity-to-Asset or its related term are showing as below:
BOM:532514'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.63 Med: 0.71 Max: 0.75
Current: 0.68
During the past 13 years, the highest Equity to Asset Ratio of Indraprastha Gas was 0.75. The lowest was 0.63. And the median was 0.71.
BOM:532514's Equity-to-Asset is ranked better than 86.71% of 519
companies
in the Utilities - Regulated industry
Industry Median: 0.37
vs BOM:532514: 0.68
Indraprastha Gas Equity-to-Asset Historical Data
The historical data trend for Indraprastha Gas'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.
Competitive Comparison of Indraprastha Gas's Equity-to-Asset
For the Utilities - Regulated Gas subindustry, Indraprastha Gas'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.
Indraprastha Gas's Equity-to-Asset Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Indraprastha Gas's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Indraprastha Gas's Equity-to-Asset falls into.
Indraprastha Gas 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.
Indraprastha Gas's Equity to Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as
* 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.
Indraprastha Gas (BOM:532514) 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%.
Indraprastha Gas Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Indraprastha Gas's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Indraprastha Gas (BOM:532514) Business Description
Indraprastha Gas Ltd, or IGL, is an Indian utility company that derives nearly all of its revenue from the sale of natural gas. IGL supplies compressed natural gas (CNG) to the transport sector and piped natural gas (PNG) to domestic, industrial, and commercial sector customers. Most of the natural gas sold by IGL is in the form of compressed natural gas. CNG is an alternative to fossil fuels that is distributed from IGL's portfolio of fueling stations to power a variety of vehicles. The vast majority of these CNG stations are located in the Delhi and National Capital Regions. IGL distributes a significant amount of natural gas through its network of pipelines in Delhi and the National Capital Region, as well. The customers served by IGL's PNG business are primarily residential consumers.
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