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PetSmart Inc (NAS:PETM)
Equity to Asset Ratio
0.46 (As of Oct. 2014)

Equity to Asset ratio is calculated as shareholders tangible equity divided by its total asset. PetSmart Inc's total equity for the quarter that ended in Oct. 2014 was \$1,239 Mil. PetSmart Inc's total assets for the quarter that ended in Oct. 2014 was \$2,709 Mil. Therefore, PetSmart Inc's Equity to Asset Ratio for the quarter that ended in Oct. 2014 was 0.46.

PETM' s 10-Year Equity to Asset Range
Min: 0.33   Max: 0.62
Current: 0.46

0.33
0.62

During the past 13 years, the highest Equity to Asset Ratio of PetSmart Inc was 0.62. The lowest was 0.33. And the median was 0.47.

PETM's Equity to Assetis ranked higher than
70% of the 1271 Companies
in the Global Specialty Retail industry.

( Industry Median: 0.47 vs. PETM: 0.46 )

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.

PetSmart Inc's Equity to Asset Ratio for the fiscal year that ended in Jan. 2014 is calculated as

 Equity to Asset (A: Jan. 2014 ) = Total Equity / Total Assets = 1093.782 / 2521.968 = 0.43

PetSmart Inc's Equity to Asset Ratio for the quarter that ended in Oct. 2014 is calculated as

 Equity to Asset (Q: Oct. 2014 ) = Total Equity / Total Assets = 1238.846 / 2709.497 = 0.46

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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 own currency.

PetSmart Inc Annual Data

 Jan06 Jan07 Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 equity2asset 0.51 0.49 0.46 0.49 0.48 0.47 0.45 0.44 0.43 0.49

PetSmart Inc Quarterly Data

 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 equity2asset 0.45 0.44 0.43 0.45 0.46 0.43 0.43 0.45 0.46 0.49
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