The historical rank and industry rank for Contango Oil & Gas Co's Equity-to-Asset or its related term are showing as below:
MCF's Equity-to-Asset is not ranked *
in the Oil & Gas industry.
Industry Median: 0.505 * Ranked among companies with meaningful Equity-to-Asset only.
Contango Oil & Gas Co Equity-to-Asset Historical Data
The historical data trend for Contango Oil & Gas Co'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 Contango Oil & Gas Co's Equity-to-Asset
For the Oil & Gas E&P subindustry, Contango Oil & Gas Co'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.
Contango Oil & Gas Co's Equity-to-Asset Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Contango Oil & Gas Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Contango Oil & Gas Co's Equity-to-Asset falls into.
Contango Oil & Gas Co 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.
Contango Oil & Gas Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2020 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.
Contango Oil & Gas Co (AMEX:MCF) 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%.
Contango Oil & Gas Co Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Contango Oil & Gas Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Contango Oil & Gas Co (Contango Oil & Gas Co) Business Description
Contango Oil & Gas Co is an independent oil and natural gas company. It is engaged in the exploration, development, exploitation, and acquisition of crude oil and natural gas properties in the onshore Texas Gulf Coast, offshore properties in the shallow waters of the Gulf of Mexico, and other regions.
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