Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Park National's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,145.3 Mil. Park National's Total Assets for the quarter that ended in Dec. 2023 was $9,836.5 Mil.
Therefore, Park National's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.12.
The historical rank and industry rank for Park National's Equity-to-Asset or its related term are showing as below:
PRK'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.1 Med: 0.11 Max: 0.12
Current: 0.12
During the past 13 years, the highest Equity to Asset Ratio of Park National was 0.12. The lowest was 0.10. And the median was 0.11.
PRK's Equity-to-Asset is ranked better than 75.38% of 1466
companies
in the Banks industry
Industry Median: 0.09
vs PRK: 0.12
Park National Equity-to-Asset Historical Data
The historical data trend for Park National'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 Park National's Equity-to-Asset
For the Banks - Regional subindustry, Park National'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.
Park National's Equity-to-Asset Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Park National's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Park National's Equity-to-Asset falls into.
Park National 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.
Park National'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.
Park National (AMEX:PRK) 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%.
Park National Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Park National's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Park National (Park National) Business Description
Park National Corp is a diversified financial services company based in Newark, Ohio, consisting of 11 community banking divisions with more than 100 offices in Ohio and Kentucky. Park National provides banking and other financial services to consumers and businesses.
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