Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Group 1 Automotive's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,675 Mil. Group 1 Automotive's Total Assets for the quarter that ended in Dec. 2023 was $7,774 Mil.
Therefore, Group 1 Automotive's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.34.
The historical rank and industry rank for Group 1 Automotive's Equity-to-Asset or its related term are showing as below:
GPI'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.21 Med: 0.23 Max: 0.34
Current: 0.34
During the past 13 years, the highest Equity to Asset Ratio of Group 1 Automotive was 0.34. The lowest was 0.21. And the median was 0.23.
GPI's Equity-to-Asset is ranked worse than 70.97% of 1309
companies
in the Vehicles & Parts industry
Industry Median: 0.47
vs GPI: 0.34
Group 1 Automotive Equity-to-Asset Historical Data
The historical data trend for Group 1 Automotive'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 Auto & Truck Dealerships subindustry, Group 1 Automotive'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.
Group 1 Automotive Equity-to-Asset Distribution
For the Vehicles & Parts industry and Consumer Cyclical sector, Group 1 Automotive's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Group 1 Automotive's Equity-to-Asset falls into.
Group 1 Automotive 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.
Group 1 Automotive'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.
Group 1 Automotive (NYSE:GPI) 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%.
Group 1 Automotive Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Group 1 Automotive's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Group 1 Automotive (Group 1 Automotive) Business Description
Group 1 owns and operates 41 collision centers and 201 automotive dealerships in the U.S. and the U.K., offering 35 brands of automobiles altogether. About 150 of the stores are in the U.S. with locations mostly in metropolitan areas in 17 states in the Northeast, Southeast, Midwest, and California. Texas alone contributed 37% of new-vehicle unit volume in 2022 and the U.K. about 19%. Texas, Oklahoma, and Massachusetts combined were about 53%. Revenue in 2022 totaled $16.2 billion. The company was founded in 1995 and is based in Houston.
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