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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 Aug. 2014 was $2,272 Mil. Cintas Corp's total assets for the quarter that ended in Aug. 2014 was $4,556 Mil. Therefore, Cintas Corp's Equity to Asset Ratio for the quarter that ended in Aug. 2014 was 0.50.
During the past 13 years, the highest Equity to Asset Ratio of Cintas Corp was 0.72. The lowest was 0.49. And the median was 0.64.
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 shareholders' equity by total assets.
Cintas Corp's Equity to Asset Ratio for the fiscal year that ended in May. 2014 is calculated as
Cintas Corp's Equity to Asset Ratio for the quarter that ended in Aug. 2014 is calculated as
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