Equity to Asset ratio is calculated as total stockholders equity divided by total asset. TT Electronics's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £270.5 Mil. TT Electronics's Total Assets for the quarter that ended in Dec. 2023 was £655.1 Mil.
Therefore, TT Electronics's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.41.
The historical rank and industry rank for TT Electronics's Equity-to-Asset or its related term are showing as below:
LSE:TTG'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.41 Med: 0.49 Max: 0.72
Current: 0.41
During the past 13 years, the highest Equity to Asset Ratio of TT Electronics was 0.72. The lowest was 0.41. And the median was 0.49.
LSE:TTG's Equity-to-Asset is ranked worse than 73.38% of 2487
companies
in the Hardware industry
Industry Median: 0.57
vs LSE:TTG: 0.41
TT Electronics Equity-to-Asset Historical Data
The historical data trend for TT Electronics'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 TT Electronics's Equity-to-Asset
For the Electronic Components subindustry, TT Electronics'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.
TT Electronics's Equity-to-Asset Distribution in the Hardware Industry
For the Hardware industry and Technology sector, TT Electronics's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where TT Electronics's Equity-to-Asset falls into.
TT Electronics 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.
TT Electronics's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 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.
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%.
TT Electronics Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of TT Electronics's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
TT Electronics PLC provides engineered electronics for performance-critical applications across Healthcare, Aerospace and Defense, Automation and electrification, and Distribution markets. It operates in three segments: Power and Connectivity, Global Manufacturing Solutions, and Sensors and Specialist Components. Its products consist of connectors, optoelectronics, resistors, semiconductors, and electromagnetics, among others. Some of its brands are AB Connectors, Aero Stanrew, Power Partners, Semelab, Welwyn Components, and Precision. The geographical segments are the United Kingdom, the Rest of Europe, North America, Asia, and the Rest of the World. It generates maximum revenue from Global Manufacturing Solutions, which provides manufacturing services and engineering solutions.
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