Equity to Asset ratio is calculated as total stockholders equity divided by total asset. United States Steel's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $11,047 Mil. United States Steel's Total Assets for the quarter that ended in Dec. 2023 was $20,451 Mil.
Therefore, United States Steel's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.54.
The historical rank and industry rank for United States Steel's Equity-to-Asset or its related term are showing as below:
X'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.25 Med: 0.35 Max: 0.54
Current: 0.54
During the past 13 years, the highest Equity to Asset Ratio of United States Steel was 0.54. The lowest was 0.25. And the median was 0.35.
X's Equity-to-Asset is ranked better than 51.66% of 631
companies
in the Steel industry
Industry Median: 0.54
vs X: 0.54
United States Steel Equity-to-Asset Historical Data
The historical data trend for United States Steel'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 Steel subindustry, United States Steel'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.
United States Steel Equity-to-Asset Distribution
For the Steel industry and Basic Materials sector, United States Steel's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where United States Steel's Equity-to-Asset falls into.
United States Steel 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.
United States Steel'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.
United States Steel (NYSE:X) 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%.
United States Steel Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of United States Steel's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
United States Steel (United States Steel) Business Description
United States Steel Corp operates primarily in the United States but also has a steelmaking capacity in Slovakia. The company's operating segments include North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment includes U. S. Steel's integrated steel plants and equity investees in North America involved in the production of slabs, strip mill plates, sheets, and tin mill products, as well as all iron ore and coke production facilities in the United States. It primarily serves North American customers in the service center, conversion, transportation, construction, container, and appliance, and electrical markets.
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