Equity to Asset ratio is calculated as total stockholders equity divided by total asset. PNM Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,361 Mil. PNM Resources's Total Assets for the quarter that ended in Dec. 2023 was $10,253 Mil.
Therefore, PNM Resources's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.23.
The historical rank and industry rank for PNM Resources's Equity-to-Asset or its related term are showing as below:
PNM'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.23 Med: 0.25 Max: 0.3
Current: 0.23
During the past 13 years, the highest Equity to Asset Ratio of PNM Resources was 0.30. The lowest was 0.23. And the median was 0.25.
PNM's Equity-to-Asset is ranked worse than 83.69% of 521
companies
in the Utilities - Regulated industry
Industry Median: 0.38
vs PNM: 0.23
PNM Resources Equity-to-Asset Historical Data
The historical data trend for PNM Resources'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 PNM Resources's Equity-to-Asset
For the Utilities - Regulated Electric subindustry, PNM Resources'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.
PNM Resources's Equity-to-Asset Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, PNM Resources's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where PNM Resources's Equity-to-Asset falls into.
PNM Resources 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.
PNM Resources'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.
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%.
PNM Resources Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of PNM Resources's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
PNM Resources (PNM Resources) Business Description
PNM Resources Inc, or PNMR, is a holding company that owns regulated utilities companies providing electricity and electric services. PNMR segments its operations by its two subsidiaries, PNM and TNMP. PNM provides electric generation, transmission, and distribution services mainly to areas of New Mexico. While PNM uses a variety of fuel sources across its power plant portfolio, its coal and gas-fueled sites produce most of the energy. TNMP owns and operates transmission and distribution services primarily in small to medium-sized communities in Texas. Both subsidiaries generate revenue for PNMR through the sale of electricity and transmission service fees fairly evenly split between residential and commercial customers. PNM generates the vast majority of PNMR's total revenue.
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