Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Delta Natural Gas Co's Total Stockholders Equity for the quarter that ended in Jun. 2017 was $76.50 Mil. Delta Natural Gas Co's Total Assets for the quarter that ended in Jun. 2017 was $189.96 Mil.
Therefore, Delta Natural Gas Co's Equity to Asset Ratio for the quarter that ended in Jun. 2017 was 0.40.
The historical rank and industry rank for Delta Natural Gas Co's Equity-to-Asset or its related term are showing as below:
DGAS's Equity-to-Asset is not ranked *
in the Utilities - Regulated industry.
Industry Median: 0.38 * Ranked among companies with meaningful Equity-to-Asset only.
Delta Natural Gas Co Equity-to-Asset Historical Data
The historical data trend for Delta Natural Gas Co'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 Delta Natural Gas Co's Equity-to-Asset
For the Utilities - Regulated Gas subindustry, Delta Natural Gas Co'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.
Delta Natural Gas Co's Equity-to-Asset Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Delta Natural Gas Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Delta Natural Gas Co's Equity-to-Asset falls into.
Delta Natural Gas Co 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.
Delta Natural Gas Co's Equity to Asset Ratio for the fiscal year that ended in Jun. 2017 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.
Delta Natural Gas Co (NAS:DGAS) 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%.
Delta Natural Gas Co Equity-to-Asset Related Terms
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Delta Natural Gas Co (Delta Natural Gas Co) Business Description
Delta Natural Gas Co Inc was incorporated under the laws of the Commonwealth of Kentucky on October 7, 1949. The Company distributes or transports natural gas. Its distribution and transmission systems are located in central and southeastern Kentucky, and it owns and operates an underground natural gas storage field in southeastern Kentucky. The Company transport natural gas to industrial customers who purchase their natural gas in the open market. It also transports natural gas on behalf of local producers and customers not on its distribution system and extract liquids from natural gas in its storage field and on its pipeline systems that are sold at market prices. The Company operates through two segments, a regulated segment and a non-regulated segment. Through regulated segment, the company distributes natural gas to their retail customers in 23 predominantly rural counties. In addition, the regulated segment transports natural gas to large-volume customers on its system who purchase their natural gas in the open market. The regulated segment also transports natural gas on behalf of local producers and other customers not on its distribution system. The non-regulated segment includes three wholly-owned subsidiaries. Two of these subsidiaries, Delta Resources and Delgasco, purchase natural gas in the open market, including natural gas from Kentucky producers. The Company resells this natural gas to industrial customers on its distribution system and to others not on its system. The competes with alternate sources of energy for its regulated distribution customers. These alternate sources include electricity, geo-thermal, coal, oil, propane, wood and solar.
Delta Natural Gas Co (Delta Natural Gas Co) Headlines
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