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GuruFocus has detected 3 Warning Signs with VAALCO Energy Inc \$EGY.
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VAALCO Energy Inc (NYSE:EGY)
Equity-to-Asset
-0.00 (As of Dec. 2016)

Equity to Asset ratio is calculated as shareholders tangible equity divided by its total asset. VAALCO Energy Inc's total equity for the quarter that ended in Dec. 2016 was \$-0.36 Mil. VAALCO Energy Inc's total assets for the quarter that ended in Dec. 2016 was \$81.03 Mil. Therefore, VAALCO Energy Inc's Equity to Asset Ratio for the quarter that ended in Dec. 2016 was -0.00.

During the past 13 years, the highest Equity to Asset Ratio of VAALCO Energy Inc was 0.83. The lowest was 0.00. And the median was 0.72.

Definition

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 shareholders tangible equity divided by its total asset.

VAALCO Energy Inc's Equity to Asset Ratio for the fiscal year that ended in Dec. 2016 is calculated as

 Equity to Asset (A: Dec. 2016 ) = Total Equity / Total Assets = -0.358 / 81.032 = -0.00

VAALCO Energy Inc's Equity to Asset Ratio for the quarter that ended in Dec. 2016 is calculated as

 Equity to Asset (Q: Dec. 2016 ) = Total Equity / Total Assets = -0.358 / 81.032 = -0.00

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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 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%.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

VAALCO Energy Inc Annual Data

 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 equity2asset 0.76 0.66 0.75 0.80 0.83 0.79 0.81 0.73 0.21 -0.00

VAALCO Energy Inc Quarterly Data

 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 equity2asset 0.77 0.73 0.60 0.59 0.54 0.21 0.16 0.21 0.04 -0.00
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