Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Charter Communications's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $11,086 Mil. Charter Communications's Total Assets for the quarter that ended in Dec. 2023 was $147,193 Mil.
Therefore, Charter Communications's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.08.
The historical rank and industry rank for Charter Communications's Equity-to-Asset or its related term are showing as below:
CHTR'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0 Med: 0.13 Max: 0.27
Current: 0.08
During the past 13 years, the highest Equity to Asset Ratio of Charter Communications was 0.27. The lowest was 0.00. And the median was 0.13.
CHTR's Equity-to-Asset is ranked worse than 89.85% of 394
companies
in the Telecommunication Services industry
Industry Median: 0.41
vs CHTR: 0.08
Charter Communications Equity-to-Asset Historical Data
The historical data trend for Charter Communications'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.
For the Telecom Services subindustry, Charter Communications'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.
Charter Communications Equity-to-Asset Distribution
For the Telecommunication Services industry and Communication Services sector, Charter Communications's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Charter Communications's Equity-to-Asset falls into.
Charter Communications 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.
Charter Communications'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.
Charter Communications (NAS:CHTR) 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%.
Charter Communications Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Charter Communications's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Charter Communications (Charter Communications) Business Description
Charter is the product of the 2016 merger of three cable companies, each with a decades-long history in the business: Legacy Charter, Time Warner Cable, and Bright House Networks. The firm now holds networks capable of providing television, internet access, and phone services to roughly 56 million U.S. homes and businesses, around 40% of the country. Across this footprint, Charter serves 30 million residential and 2 million commercial customer accounts under the Spectrum brand, making it the second-largest U.S. cable company behind Comcast. The firm also owns, in whole or in part, sports and news networks, including Spectrum SportsNet (long-term local rights to Los Angeles Lakers games), SportsNet LA (Los Angeles Dodgers), SportsNet New York (New York Mets), and Spectrum News NY1.
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