James Hardie Industries (James Hardie Industries) Equity-to-Asset

: 0.39 (As of Dec. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. James Hardie Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,895 Mil. James Hardie Industries's Total Assets for the quarter that ended in Dec. 2023 was $4,816 Mil. Therefore, James Hardie Industries's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.39.

The historical rank and industry rank for James Hardie Industries's Equity-to-Asset or its related term are showing as below:

JHX' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.2 Med: 0.24 Max: 0.4
Current: 0.39

During the past 13 years, the highest Equity to Asset Ratio of James Hardie Industries was 0.40. The lowest was -0.20. And the median was 0.24.

JHX's Equity-to-Asset is ranked worse than
77.63% of 389 companies
in the Building Materials industry
Industry Median: 0.53 vs JHX: 0.39

James Hardie Industries Equity-to-Asset Historical Data

The historical data trend for James Hardie Industries'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.

* Premium members only.

James Hardie Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

0.24

0.26

0.31

0.36

James Hardie Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset																0.36	0.36	0.39	0.40	0.39

Competitive Comparison

For the Building Materials subindustry, James Hardie Industries'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.

James Hardie Industries Equity-to-Asset Distribution

For the Building Materials industry and Basic Materials sector, James Hardie Industries's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where James Hardie Industries's Equity-to-Asset falls into.

James Hardie Industries 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.

James Hardie Industries's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1611.4	/	4479.1
	=	0.36

James Hardie Industries's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1895.2	/	4815.6
	=	0.39

James Hardie Industries (NYSE:JHX) 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%.

James Hardie Industries Equity-to-Asset Related Terms

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James Hardie Industries (James Hardie Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » James Hardie Industries PLC (NYSE:JHX) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

JHIUF:USA JHA0:Germany JHA:Germany JHA:Germany JHX:Australia

Address

Harcourt Street, Europa House, 2nd Floor, Harcourt Centre, Dublin, IRL, D02 WR20

Website

https://ir.jameshardie.com.au

James Hardie is a manufacturer of fiber cement-based building products, selling primarily to the residential construction industry. North America is the primary geography, generating about 80% of group earnings. Here, it is the largest manufacturer of fiber cement, which is mainly used for siding. Asia-Pacific businesses in Australia, New Zealand, and the Philippines, as well as Europe, make up the rest of earnings. In 2018, the group acquired Fermacell, a fiber gypsum building products business headquartered in Germany with operations throughout Europe.