Switch to:
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
Pep Boys - Manny Moe & Jack (NYSE:PBY)
Equity-to-Asset
0.37 (As of Oct. 2015)

Equity to Asset ratio is calculated as shareholders tangible equity divided by its total asset. Pep Boys - Manny Moe & Jack's total equity for the quarter that ended in Oct. 2015 was \$548 Mil. Pep Boys - Manny Moe & Jack's total assets for the quarter that ended in Oct. 2015 was \$1,492 Mil. Therefore, Pep Boys - Manny Moe & Jack's Equity to Asset Ratio for the quarter that ended in Oct. 2015 was 0.37.

Definition

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 shareholders tangible equity divided by its total asset.

Pep Boys - Manny Moe & Jack's Equity to Asset Ratio for the fiscal year that ended in Jan. 2015 is calculated as

 Equity to Asset (A: Jan. 2015 ) = Total Equity / Total Assets = 524.15 / 1541.741 = 0.34

Pep Boys - Manny Moe & Jack's Equity to Asset Ratio for the quarter that ended in Oct. 2015 is calculated as

 Equity to Asset (Q: Oct. 2015 ) = Total Equity / Total Assets = 547.692 / 1492.355 = 0.37

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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 Return on Equity 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%.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Pep Boys - Manny Moe & Jack Annual Data

 Jan06 Jan07 Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 equity2asset 0.33 0.32 0.30 0.27 0.30 0.31 0.31 0.34 0.34 0.34

Pep Boys - Manny Moe & Jack Quarterly Data

 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 equity2asset 0.35 0.35 0.34 0.35 0.35 0.35 0.34 0.35 0.36 0.37
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to \$400 per referral. ( Learn More)