PetroChina Co (PetroChina Co) Equity-to-Asset : 0.53 (As of Dec. 2023)

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What is PetroChina Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. PetroChina Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $202,573 Mil. PetroChina Co's Total Assets for the quarter that ended in Dec. 2023 was $385,523 Mil. Therefore, PetroChina Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.53.

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

PTRCY' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.45 Med: 0.5 Max: 0.53
Current: 0.53

During the past 13 years, the highest Equity to Asset Ratio of PetroChina Co was 0.53. The lowest was 0.45. And the median was 0.50.

PTRCY's Equity-to-Asset is ranked better than
54.78% of 1088 companies
in the Oil & Gas industry
Industry Median: 0.505 vs PTRCY: 0.53

PetroChina Co Equity-to-Asset Historical Data

The historical data trend for PetroChina 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.

* Premium members only.

PetroChina Co Equity-to-Asset Chart

PetroChina Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.45

0.49

0.51

0.53

PetroChina Co 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	Get a 7-Day Free Trial															0.51	0.52	0.52	0.51	0.53

Competitive Comparison of PetroChina Co's Equity-to-Asset

For the Oil & Gas Integrated subindustry, PetroChina 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.

PetroChina Co's Equity-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PetroChina Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where PetroChina Co's Equity-to-Asset falls into.

PetroChina 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.

PetroChina Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	202572.757	/	385522.814
	=	0.53

PetroChina Co'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
	=	202572.757	/	385522.814
	=	0.53

PetroChina Co (OTCPK:PTRCY) 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%.

PetroChina Co Equity-to-Asset Related Terms

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PetroChina Co (PetroChina Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PetroChina Co Ltd (OTCPK:PTRCY) » Definitions » Equity-to-Asset

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Traded in Other Exchanges

PCCYF:USA 00857:Hong Kong PC6:Germany 601857:China

Address

No. 9 Dongzhimen North Street, Dongcheng District, Beijing, CHN, 100007

Website

http://www.petrochina.com.cn

PetroChina, the national champion that inherited the majority of Chinese onshore oil and gas assets, has developed into an international supermajor. In 2022, it produced more than 1.6 billion barrels of oil equivalent of oil and gas, and had more than 1.4 billion barrels of annual crude oil primary distillation capacity and more than 22,000 service stations. The fluctuations in the prices of crude oil, refined products, chemical products, and natural gas have a significant impact on PetroChina's revenue. State-owned China National Petroleum Corp is PetroChina's controlling shareholder with a stake of more than 80%.