Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Tower International's Total Stockholders Equity for the quarter that ended in Jun. 2019 was $317 Mil. Tower International's Total Assets for the quarter that ended in Jun. 2019 was $1,206 Mil.
Therefore, Tower International's Equity to Asset Ratio for the quarter that ended in Jun. 2019 was 0.26.
The historical rank and industry rank for Tower International's Equity-to-Asset or its related term are showing as below:
TOWR's Equity-to-Asset is not ranked *
in the Vehicles & Parts industry.
Industry Median: 0.47 * Ranked among companies with meaningful Equity-to-Asset only.
Tower International Equity-to-Asset Historical Data
The historical data trend for Tower International'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 Tower International's Equity-to-Asset
For the Auto Parts subindustry, Tower International'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.
Tower International's Equity-to-Asset Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Tower International's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Tower International's Equity-to-Asset falls into.
Tower International 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.
Tower International's Equity to Asset Ratio for the fiscal year that ended in Dec. 2018 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.
Tower International (NYSE:TOWR) 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%.
Tower International Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Tower International's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Tower International (Tower International) Business Description
Tower International is a manufacturer of structural metal components and assemblies used in the automotive industry. The company offers body-structure stampings, frame and other chassis structures, complex welded assemblies, and suspension components for small and large cars, crossovers, pickups, and sport utility vehicles. Tower International supplies its products directly to original equipment manufacturers. Its largest end markets are the Americas.
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