Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Shenandoah Telecommunications Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $652.7 Mil. Shenandoah Telecommunications Co's Total Assets for the quarter that ended in Dec. 2023 was $1,214.2 Mil.
Therefore, Shenandoah Telecommunications Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.54.
The historical rank and industry rank for Shenandoah Telecommunications Co's Equity-to-Asset or its related term are showing as below:
SHEN'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.2 Med: 0.36 Max: 0.72
Current: 0.54
During the past 13 years, the highest Equity to Asset Ratio of Shenandoah Telecommunications Co was 0.72. The lowest was 0.20. And the median was 0.36.
SHEN's Equity-to-Asset is ranked better than 73.35% of 394
companies
in the Telecommunication Services industry
Industry Median: 0.41
vs SHEN: 0.54
Shenandoah Telecommunications Co Equity-to-Asset Historical Data
The historical data trend for Shenandoah Telecommunications 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.
For the Telecom Services subindustry, Shenandoah Telecommunications 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.
Shenandoah Telecommunications Co Equity-to-Asset Distribution
For the Telecommunication Services industry and Communication Services sector, Shenandoah Telecommunications Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Shenandoah Telecommunications Co's Equity-to-Asset falls into.
Shenandoah Telecommunications 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.
Shenandoah Telecommunications 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.
Shenandoah Telecommunications Co (NAS:SHEN) 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%.
Shenandoah Telecommunications Co Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Shenandoah Telecommunications Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Shenandoah Telecommunications Co (Shenandoah Telecommunications Co) Business Description
Shenandoah Telecommunications Company, with its subsidiaries, provides various broadband communication products and services via its wireless, cable, fiber optic, and fixed wireless networks to customers in the Mid-Atlantic United States. The company operates through two business units: tower and broadband. The tower segment leases company-owned cell tower spaces to other wireless communication providers, while the broadband segment provides broadband Internet, video, and voice services to residential and commercial customers. The broadband segment generates the vast majority of the company's revenue, with the bulk of sales flowing from residential and small, and medium businesses within the broadband unit.
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