Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Global Partners LP's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $801 Mil. Global Partners LP's Total Assets for the quarter that ended in Dec. 2023 was $3,446 Mil.
Therefore, Global Partners LP's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.23.
The historical rank and industry rank for Global Partners LP's Equity-to-Asset or its related term are showing as below:
GLP'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.15 Med: 0.21 Max: 0.29
Current: 0.23
During the past 13 years, the highest Equity to Asset Ratio of Global Partners LP was 0.29. The lowest was 0.15. And the median was 0.21.
GLP's Equity-to-Asset is ranked worse than 81.07% of 1088
companies
in the Oil & Gas industry
Industry Median: 0.505
vs GLP: 0.23
Global Partners LP Equity-to-Asset Historical Data
The historical data trend for Global Partners LP'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 Global Partners LP's Equity-to-Asset
For the Oil & Gas Midstream subindustry, Global Partners LP'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.
Global Partners LP's Equity-to-Asset Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Global Partners LP's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Global Partners LP's Equity-to-Asset falls into.
Global Partners LP 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.
Global Partners LP'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.
Global Partners LP (NYSE:GLP) 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%.
Global Partners LP Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Global Partners LP's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Global Partners LP (Global Partners LP) Business Description
Global Partners LP is an us-based limited partnership that acts as a midstream logistics and marketing company. It is mainly engaged in purchasing, selling, storing and logistics of transporting petroleum and related products. The company owns and operates and control terminal networks of refined petroleum products and renewable fuels in Massachusetts, Maine, Connecticut, Vermont, and other places. It distributes gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, natural gas and propane to wholesalers, retailers and commercial customers. The company operates through three segments i.e. Wholesale, Gasoline Distribution and Station Operations and Commercial. It generates maximum revenue from the Wholesale segment.
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