Equity to Asset ratio is calculated as total stockholders equity divided by total asset. The Eastern Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $132.5 Mil. The Eastern Co's Total Assets for the quarter that ended in Dec. 2023 was $252.0 Mil.
Therefore, The Eastern Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.53.
The historical rank and industry rank for The Eastern Co's Equity-to-Asset or its related term are showing as below:
EML'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.38 Med: 0.51 Max: 0.66
Current: 0.53
During the past 13 years, the highest Equity to Asset Ratio of The Eastern Co was 0.66. The lowest was 0.38. And the median was 0.51.
EML's Equity-to-Asset is ranked worse than 53.6% of 3026
companies
in the Industrial Products industry
Industry Median: 0.56
vs EML: 0.53
The Eastern Co Equity-to-Asset Historical Data
The historical data trend for The Eastern 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 The Eastern Co's Equity-to-Asset
For the Tools & Accessories subindustry, The Eastern 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.
The Eastern Co's Equity-to-Asset Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, The Eastern Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where The Eastern Co's Equity-to-Asset falls into.
The Eastern 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.
The Eastern Co'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.
The Eastern Co (NAS:EML) 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%.
The Eastern Co Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of The Eastern Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
The Eastern Co (The Eastern Co) Business Description
The Eastern Co manages industrial businesses that design, manufacture and sell engineered solutions to industrial markets. It operates in United States and Other Countries, and generates majority of the revenue from United States.
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