Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Tenaga Nasional Bhd's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $12,629 Mil. Tenaga Nasional Bhd's Total Assets for the quarter that ended in Dec. 2023 was $43,955 Mil.
Therefore, Tenaga Nasional Bhd's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.29.
The historical rank and industry rank for Tenaga Nasional Bhd's Equity-to-Asset or its related term are showing as below:
TNABY'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.28 Med: 0.35 Max: 0.4
Current: 0.29
During the past 13 years, the highest Equity to Asset Ratio of Tenaga Nasional Bhd was 0.40. The lowest was 0.28. And the median was 0.35.
TNABY's Equity-to-Asset is ranked worse than 70.06% of 521
companies
in the Utilities - Regulated industry
Industry Median: 0.38
vs TNABY: 0.29
Tenaga Nasional Bhd Equity-to-Asset Historical Data
The historical data trend for Tenaga Nasional Bhd'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 Tenaga Nasional Bhd's Equity-to-Asset
For the Utilities - Regulated Electric subindustry, Tenaga Nasional Bhd'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.
Tenaga Nasional Bhd's Equity-to-Asset Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Tenaga Nasional Bhd's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Tenaga Nasional Bhd's Equity-to-Asset falls into.
Tenaga Nasional Bhd 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.
Tenaga Nasional Bhd'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.
Tenaga Nasional Bhd (OTCPK:TNABY) 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%.
Tenaga Nasional Bhd Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Tenaga Nasional Bhd's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Tenaga Nasional Bhd (Tenaga Nasional Bhd) Business Description
Tenaga Nasional Bhd, or TNB, is the largest electric utility company in Malaysia. The company is involved in the generation, transmission, distribution, and sale of electricity. TNB segments its operations into a generation division, a transmission division, and a distribution division. The generation division encompasses the company's portfolio of thermal and hydroelectric power plants located throughout Malaysia. Through its subsidiaries, TNB also engages in other energy-related operations, such as the manufacturing of transformers and the providing of consulting services. The company primarily generates revenue through the sale of electricity in West Malaysia. Its customers are mainly commercial operations, domestic consumers, and large industrial entities.
Tenaga Nasional Bhd (Tenaga Nasional Bhd) Headlines
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