Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Callon Petroleum Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3,991 Mil. Callon Petroleum Co's Total Assets for the quarter that ended in Dec. 2023 was $6,711 Mil.
Therefore, Callon Petroleum Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.60.
The historical rank and industry rank for Callon Petroleum Co's Equity-to-Asset or its related term are showing as below:
CPE'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.16 Med: 0.52 Max: 0.76
Current: 0.6
During the past 13 years, the highest Equity to Asset Ratio of Callon Petroleum Co was 0.76. The lowest was 0.16. And the median was 0.52.
CPE's Equity-to-Asset is not ranked
in the Oil & Gas industry.
Industry Median: 0.505
vs CPE: 0.60
Callon Petroleum Co Equity-to-Asset Historical Data
The historical data trend for Callon Petroleum 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 Callon Petroleum Co's Equity-to-Asset
For the Oil & Gas E&P subindustry, Callon Petroleum 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.
Callon Petroleum Co's Equity-to-Asset Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Callon Petroleum Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Callon Petroleum Co's Equity-to-Asset falls into.
Callon Petroleum 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.
Callon Petroleum Co'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.
Callon Petroleum Co (NYSE:CPE) 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%.
Callon Petroleum Co Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Callon Petroleum Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Callon Petroleum Co (Callon Petroleum Co) Business Description
Callon Petroleum Company engages in the exploration, development, acquisition, and production of oil and natural gas. Activities are primarily conducted in the Permian Basin region of West Texas and southeastern New Mexico. Callon relies heavily on the latest horizontal production techniques to extract hydrocarbon products from its assets, with crude oil accounting for over half of production. Historically, a handful of marketing and trading companies have accounted for the majority of the sales for Callon's oil and gas production. Assets are acquired through the drilling of emerging zones on existing acreage but also by acquiring additional locations through leasehold purchases, leasing programs, joint ventures, and asset swaps.
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