Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Pieridae Energy's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$143.4 Mil. Pieridae Energy's Total Assets for the quarter that ended in Mar. 2024 was C$590.5 Mil.
Therefore, Pieridae Energy's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.24.
The historical rank and industry rank for Pieridae Energy's Equity-to-Asset or its related term are showing as below:
TSX:PEA'
s Equity-to-Asset Range Over the Past 10 Years
Min: -1.69 Med: 0.22 Max: 0.83
Current: 0.27
During the past 13 years, the highest Equity to Asset Ratio of Pieridae Energy was 0.83. The lowest was -1.69. And the median was 0.22.
TSX:PEA's Equity-to-Asset is ranked worse than 76.83% of 1092
companies
in the Oil & Gas industry
Industry Median: 0.5
vs TSX:PEA: 0.27
Pieridae Energy Equity-to-Asset Historical Data
The historical data trend for Pieridae Energy'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 Pieridae Energy's Equity-to-Asset
For the Oil & Gas E&P subindustry, Pieridae Energy'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.
Pieridae Energy's Equity-to-Asset Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Pieridae Energy's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Pieridae Energy's Equity-to-Asset falls into.
Pieridae Energy 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.
Pieridae Energy'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.
Pieridae Energy (TSX:PEA) 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%.
Pieridae Energy Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Pieridae Energy's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Pieridae Energy Ltd is a Canadian owned corporation focused on the development of integrated energy-related activities, from exploration and extraction of natural gas to the development, construction and operation of Goldboro LNG facility and the production of LNG for sale to Europe and other markets. It is a mid-sized oil and gas entity including midstream operatorship, and three large, deep cut, sour gas plants and associated Sulphur forming facilities, together with various pipelines which are connected to the TC Energy NOVA pipeline system in Alberta Its upstream segment is comprised of petroleum and natural gas production operations and properties. It also includes the company's upstream operations in Eastern Canada and corporate overhead activities associated with these operations.
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