Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Hugoton Royalty Trust's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $0.00 Mil. Hugoton Royalty Trust's Total Assets for the quarter that ended in Dec. 2023 was $0.34 Mil.
The historical rank and industry rank for Hugoton Royalty Trust's Equity-to-Asset or its related term are showing as below:
During the past 13 years, the highest Equity to Asset Ratio of Hugoton Royalty Trust was 0.99. The lowest was -1.85. And the median was 0.94.
HGTXU's Equity-to-Asset is not ranked *
in the Oil & Gas industry.
Industry Median: 0.51 * Ranked among companies with meaningful Equity-to-Asset only.
Hugoton Royalty Trust Equity-to-Asset Historical Data
The historical data trend for Hugoton Royalty Trust'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 Oil & Gas E&P subindustry, Hugoton Royalty Trust'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.
Hugoton Royalty Trust Equity-to-Asset Distribution
For the Oil & Gas industry and Energy sector, Hugoton Royalty Trust's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Hugoton Royalty Trust's Equity-to-Asset falls into.
Hugoton Royalty Trust 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.
Hugoton Royalty Trust'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.
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%.
Hugoton Royalty Trust Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Hugoton Royalty Trust's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Hugoton Royalty Trust (Hugoton Royalty Trust) Business Description
Hugoton Royalty Trust holds net profits interests in oil and gas properties. The underlying properties of the trust include gas-producing properties in the Hugoton area of Oklahoma and Kansas, the Anadarko Basin of Oklahoma, and the Green River Basin of Wyoming. The net profit interests entitle the trust to receive majority of the net proceeds from the sale of oil and gas from the underlying properties.
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