Magna International (Magna International) Equity-to-Asset : 0.37 (As of Dec. 2023)

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What is Magna International Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Magna International's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $11,884 Mil. Magna International's Total Assets for the quarter that ended in Dec. 2023 was $32,255 Mil. Therefore, Magna International's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.37.

The historical rank and industry rank for Magna International's Equity-to-Asset or its related term are showing as below:

MGA' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.37 Med: 0.42 Max: 0.48
Current: 0.37

During the past 13 years, the highest Equity to Asset Ratio of Magna International was 0.48. The lowest was 0.37. And the median was 0.42.

MGA's Equity-to-Asset is ranked worse than
65.62% of 1309 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs MGA: 0.37

Magna International Equity-to-Asset Historical Data

The historical data trend for Magna International'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.

* Premium members only.

Magna International Equity-to-Asset Chart

Magna International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.42

0.40

0.41

0.39

0.37

Magna International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.39	0.36	0.36	0.36	0.37

Competitive Comparison of Magna International's Equity-to-Asset

For the Auto Parts subindustry, Magna International'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.

Magna International's Equity-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Magna International's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Magna International's Equity-to-Asset falls into.

Magna International 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.

Magna International's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	11884	/	32255
	=	0.37

Magna International's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	11884	/	32255
	=	0.37

Magna International (NYSE:MGA) 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%.

Magna International Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Magna International's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Magna International (Magna International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Magna International Inc (NYSE:MGA) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

MGA N:Mexico MGA:Germany MGA:Germany MG:Canada

Address

337 Magna Drive, Aurora, ON, CAN, L4G 7K1

Website

https://www.magna.com

Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contract vehicle assembly. In 2022, roughly 50% of Magna's revenue came from North America while Europe accounted for approximately 38%.