Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Altria Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-3,540 Mil. Altria Group's Total Assets for the quarter that ended in Dec. 2023 was $38,570 Mil.
Therefore, Altria Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -0.09.
The historical rank and industry rank for Altria Group's Equity-to-Asset or its related term are showing as below:
MO'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.11 Med: 0.09 Max: 0.36
Current: -0.09
During the past 13 years, the highest Equity to Asset Ratio of Altria Group was 0.36. The lowest was -0.11. And the median was 0.09.
MO's Equity-to-Asset is ranked worse than 90.38% of 52
companies
in the Tobacco Products industry
Industry Median: 0.45
vs MO: -0.09
Altria Group Equity-to-Asset Historical Data
The historical data trend for Altria Group'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 Tobacco subindustry, Altria Group'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.
Altria Group Equity-to-Asset Distribution
For the Tobacco Products industry and Consumer Defensive sector, Altria Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Altria Group's Equity-to-Asset falls into.
Altria Group 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.
Altria Group'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.
Altria Group (NYSE:MO) 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%.
Altria Group Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Altria Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Altria comprises Philip Morris USA, U.S. Smokeless Tobacco, John Middleton, Horizon Innovations and Helix Innovations. It holds a 10% interest in the world's largest brewer, Anheuser-Busch InBev. Through its tobacco subsidiaries, Altria holds the leading position in cigarettes and smokeless tobacco in the United States and the number-two spot in machine-made cigars. The company's Marlboro brand is the leading cigarette brand in the U.S. with a 42% annual share in 2022. Altria holds a 42% stake in cannabis manufacturer Cronos, has acquired Njoy Holdings in 2023, and recently exited its strategic investment in Juul Labs.
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