Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Cubic's Total Stockholders Equity for the quarter that ended in Mar. 2021 was $928 Mil. Cubic's Total Assets for the quarter that ended in Mar. 2021 was $2,401 Mil.
Therefore, Cubic's Equity to Asset Ratio for the quarter that ended in Mar. 2021 was 0.39.
The historical rank and industry rank for Cubic's Equity-to-Asset or its related term are showing as below:
CUB's Equity-to-Asset is not ranked *
in the Aerospace & Defense industry.
Industry Median: 0.45 * Ranked among companies with meaningful Equity-to-Asset only.
Cubic Equity-to-Asset Historical Data
The historical data trend for Cubic'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 Aerospace & Defense subindustry, Cubic'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.
Cubic's Equity-to-Asset Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Cubic's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Cubic's Equity-to-Asset falls into.
Cubic 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.
Cubic's Equity to Asset Ratio for the fiscal year that ended in Sep. 2020 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.
Cubic (NYSE:CUB) 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%.
Cubic Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Cubic's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Cubic Corp is an international provider of systems and solutions for the mass transit and global defense markets. It uses three segments for financial reporting: Cubic transportation systems, Cubic mission solutions, and Cubic global defense systems. The company integrates payment and information solutions for travel applications. It allows people to choose a cost- and time-effective way to travel and helps transportation authorities manage demand across entire networks. The global defense segments provide training and operational support for multiple branches of the U.S. military. Approximately half of the total revenue is derived from the United States, with the United Kingdom and Australia also producing material sales.
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