Saras SpA (MIL:SRS) Equity-to-Asset : 0.36 (As of Dec. 2023)

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What is Saras SpA Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Saras SpA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €1,345 Mil. Saras SpA's Total Assets for the quarter that ended in Dec. 2023 was €3,765 Mil. Therefore, Saras SpA's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.36.

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

MIL:SRS' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.17 Med: 0.29 Max: 0.37
Current: 0.36

During the past 13 years, the highest Equity to Asset Ratio of Saras SpA was 0.37. The lowest was 0.17. And the median was 0.29.

MIL:SRS's Equity-to-Asset is ranked worse than
67.98% of 1093 companies
in the Oil & Gas industry
Industry Median: 0.51 vs MIL:SRS: 0.36

Saras SpA Equity-to-Asset Historical Data

The historical data trend for Saras SpA'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.

Saras SpA Equity-to-Asset Chart

Saras SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.30

0.23

0.22

0.28

0.36

Saras SpA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.28	0.32	0.31	0.31	0.36

Competitive Comparison of Saras SpA's Equity-to-Asset

For the Oil & Gas Refining & Marketing subindustry, Saras SpA'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.

Saras SpA's Equity-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Saras SpA's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Saras SpA's Equity-to-Asset falls into.

Saras SpA 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.

Saras SpA's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1344.549	/	3764.959
	=	0.36

Saras SpA'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
	=	1344.549	/	3764.959
	=	0.36

Saras SpA (MIL:SRS) 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%.

Saras SpA Equity-to-Asset Related Terms

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

Saras SpA (MIL:SRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saras SpA (MIL:SRS) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

SAAFY:USA SRSm:UK 0O2D:UK

Address

S.S. 195 Sulcitana, Km 19, Cagliari, Sarroch, ITA, 09018

Website

https://www.saras.it

Saras SpA is a processor of crude oil and marketer and distributor of petroleum byproducts. Refining operations are conducted at facilities located near the Mediterranean Sea. Majority of the refineries production is medium and light distillates with low environmental impact (mainly diesel and gasoline). Under Saras Trading, the company purchases crude oils and other feedstock for the refinery, sells the refined oil, and participates in third party trading. Products sold and distributed by Saras and its subsidiaries include diesel, gasoline, heating oil, liquefied petroleum gas, naphtha, and aviation fuel. Products are sold primarily on Spanish and Italian markets. Additional services include wind farm operations, and engineering and scientific research services.