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Equity to Asset ratio is calculated as shareholders tangible equity divided by its total asset. Cintas Corp's total equity for the quarter that ended in Nov. 2016 was $2,026 Mil. Cintas Corp's total assets for the quarter that ended in Nov. 2016 was $4,215 Mil. Therefore, Cintas Corp's Equity to Asset Ratio for the quarter that ended in Nov. 2016 was 0.48.
During the past 13 years, the highest Equity to Asset Ratio of Cintas Corp was 0.72. The lowest was 0.43. And the median was 0.62.
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 shareholders tangible equity divided by its total asset.
Cintas Corp's Equity to Asset Ratio for the fiscal year that ended in May. 2016 is calculated as
Cintas Corp's Equity to Asset Ratio for the quarter that ended in Nov. 2016 is calculated as
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
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 Return on Equity 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%.
Cintas Corp Annual Data
Cintas Corp Quarterly Data