Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Acme United's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $97.9 Mil. Acme United's Total Assets for the quarter that ended in Dec. 2023 was $149.2 Mil.
Therefore, Acme United's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.66.
The historical rank and industry rank for Acme United's Equity-to-Asset or its related term are showing as below:
ACU'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.44 Med: 0.5 Max: 0.66
Current: 0.62
During the past 13 years, the highest Equity to Asset Ratio of Acme United was 0.66. The lowest was 0.44. And the median was 0.50.
ACU's Equity-to-Asset is ranked better than 61.57% of 1915
companies
in the Consumer Packaged Goods industry
Industry Median: 0.54
vs ACU: 0.62
Acme United Equity-to-Asset Historical Data
The historical data trend for Acme United'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 Acme United's Equity-to-Asset
For the Household & Personal Products subindustry, Acme United'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.
Acme United's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Acme United's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Acme United's Equity-to-Asset falls into.
Acme United 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.
Acme United'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.
Acme United (AMEX:ACU) 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%.
Acme United Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Acme United's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Acme United Corp is a supplier of first aid and medical products and cutting technology to the school, home, office, hardware, sporting goods, and industrial markets. Its principal products sold across all segments are first aid kits and medical products, scissors, shears, knives, rulers, pencil sharpeners, and sharpening tools. The Company sells its products to mass market and e-commerce retailers, industrial distributors, wholesale, contract, and retail stationery distributors, office supply superstores, sporting goods stores, and hardware chains. The Company's reportable business segments consist of the United States, Canada, and Europe, out of which a majority of the company's revenue is derived from the United States.
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