KONE Oyj (KONE Oyj) Equity-to-Asset : 0.25 (As of Mar. 2024)

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What is KONE Oyj Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. KONE Oyj's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $2,236 Mil. KONE Oyj's Total Assets for the quarter that ended in Mar. 2024 was $9,024 Mil. Therefore, KONE Oyj's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.25.

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

KNYJF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.25 Med: 0.31 Max: 0.4
Current: 0.25

During the past 13 years, the highest Equity to Asset Ratio of KONE Oyj was 0.40. The lowest was 0.25. And the median was 0.31.

KNYJF's Equity-to-Asset is ranked worse than
85.13% of 3026 companies
in the Industrial Products industry
Industry Median: 0.56 vs KNYJF: 0.25

KONE Oyj Equity-to-Asset Historical Data

The historical data trend for KONE Oyj'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.

KONE Oyj Equity-to-Asset Chart

KONE Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.37

0.36

0.33

0.31

0.32

KONE Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial															0.25	0.26	0.29	0.32	0.25

Competitive Comparison of KONE Oyj's Equity-to-Asset

For the Specialty Industrial Machinery subindustry, KONE Oyj'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.

KONE Oyj's Equity-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, KONE Oyj's Equity-to-Asset distribution charts can be found below:

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

KONE Oyj 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.

KONE Oyj'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
	=	3001.2	/	9521.047
	=	0.32

KONE Oyj's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	2236.413	/	9024.457
	=	0.25

KONE Oyj (OTCPK:KNYJF) 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%.

KONE Oyj Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of KONE Oyj's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

KONE Oyj (KONE Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » KONE Oyj (OTCPK:KNYJF) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

KNYJY:USA 1KNEBV:Italy KNEBVh:UK 0II2:UK KNEBV:Finland KC4:Germany

Address

Keilasatama 3, P.O. Box 7, Espoo, FIN, FI-02150

Website

https://www.kone.com

Kone is a global top-four supplier of elevators and escalators. Kone began producing elevators in Finland in 1918 and today generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing its installed base. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. The bulk of Kone's business is in elevators, which are more numerous globally than escalators. Its business model is similar to its closest competitors Otis, Schindler, and TK Elevator.