Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Espey Manufacturing & Electronics's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $38.22 Mil. Espey Manufacturing & Electronics's Total Assets for the quarter that ended in Dec. 2023 was $50.36 Mil.
Therefore, Espey Manufacturing & Electronics's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.76.
The historical rank and industry rank for Espey Manufacturing & Electronics's Equity-to-Asset or its related term are showing as below:
ESP'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.74 Med: 0.89 Max: 0.95
Current: 0.76
During the past 13 years, the highest Equity to Asset Ratio of Espey Manufacturing & Electronics was 0.95. The lowest was 0.74. And the median was 0.89.
ESP's Equity-to-Asset is ranked better than 81.08% of 3024
companies
in the Industrial Products industry
Industry Median: 0.56
vs ESP: 0.76
Espey Manufacturing & Electronics Equity-to-Asset Historical Data
The historical data trend for Espey Manufacturing & Electronics'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 Electrical Equipment & Parts subindustry, Espey Manufacturing & Electronics'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.
Espey Manufacturing & Electronics Equity-to-Asset Distribution
For the Industrial Products industry and Industrials sector, Espey Manufacturing & Electronics's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Espey Manufacturing & Electronics's Equity-to-Asset falls into.
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.
Espey Manufacturing & Electronics's Equity to Asset Ratio for the fiscal year that ended in Jun. 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.
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%.
Espey Manufacturing & Electronics Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Espey Manufacturing & Electronics's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Espey Manufacturing & Electronics (Espey Manufacturing & Electronics) Business Description
Espey Manufacturing & Electronics Corp designs, develops, tests, and manufactures specialized military and rugged industrial power supplies and transformers for use in harsh or severe environment applications. Its products and solutions include power converters, power conditioning, high-voltage radar, contract manufacturing, custom engineering, and others. The applications of these products include AC and DC locomotives, shipboard power, shipboard radar, airborne power, ground-based radar, and ground mobile power.
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