SKF AB (SKF AB) Equity-to-Asset : 0.47 (As of Dec. 2023)

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What is SKF AB Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. SKF AB's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $5,142 Mil. SKF AB's Total Assets for the quarter that ended in Dec. 2023 was $10,909 Mil. Therefore, SKF AB's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.47.

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

SKFRY' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.28 Med: 0.38 Max: 0.47
Current: 0.47

During the past 13 years, the highest Equity to Asset Ratio of SKF AB was 0.47. The lowest was 0.28. And the median was 0.38.

SKFRY's Equity-to-Asset is ranked worse than
64.07% of 3025 companies
in the Industrial Products industry
Industry Median: 0.56 vs SKFRY: 0.47

SKF AB Equity-to-Asset Historical Data

The historical data trend for SKF AB'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.

SKF AB Equity-to-Asset Chart

SKF AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.38

0.44

0.47

SKF AB 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															0.47	0.46	0.47	0.48	0.47

Competitive Comparison of SKF AB's Equity-to-Asset

For the Tools & Accessories subindustry, SKF AB'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.

SKF AB's Equity-to-Asset Distribution in the Industrial Products Industry

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

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

SKF AB 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.

SKF AB'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
	=	5141.846	/	10909.277
	=	0.47

SKF AB'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
	=	5141.846	/	10909.277
	=	0.47

SKF AB (OTCPK:SKFRY) 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%.

SKF AB Equity-to-Asset Related Terms

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

SKF AB (SKF AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SKF AB (OTCPK:SKFRY) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

SKUFF:USA SKF B:Sweden SKF A:Sweden SKFB:Mexico SKFBs:UK 0NWX:UK SKFA:Germany

Address

Sven Wingquists Gata 2, Gothenburg, SWE, SE-415 50

Website

https://www.skf.com

SKF's history goes back to the first major patents in ball bearings, when in 1907 it was the first to patent the self-aligning ball bearing. SKF, along with the Schaeffler Group, are the top two global ball bearing suppliers followed by Timken, NSK, NTN, and JTEKT. Combined, these six companies supply about 60% of the world's ball bearings. However, most of them have sector niches as ball bearings for industrial purposes are engineered for specific applications. SKF is based out of Sweden and has a global manufacturing footprint of 106 sites and about 17,000 global distributor locations. The firm operates under two segments: industrials, which has a fairly fragmented customer base; and automotive, which is the opposite, with a concentrated customer base including the likes of Tesla.