Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Ross Stores's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $4,871 Mil. Ross Stores's Total Assets for the quarter that ended in Jan. 2024 was $14,300 Mil.
Therefore, Ross Stores's Equity to Asset Ratio for the quarter that ended in Jan. 2024 was 0.34.
The historical rank and industry rank for Ross Stores's Equity-to-Asset or its related term are showing as below:
ROST'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.26 Med: 0.42 Max: 0.54
Current: 0.34
During the past 13 years, the highest Equity to Asset Ratio of Ross Stores was 0.54. The lowest was 0.26. And the median was 0.42.
ROST's Equity-to-Asset is ranked worse than 65.21% of 1118
companies
in the Retail - Cyclical industry
Industry Median: 0.44
vs ROST: 0.34
Ross Stores Equity-to-Asset Historical Data
The historical data trend for Ross Stores'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.
For the Apparel Retail subindustry, Ross Stores'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.
Ross Stores Equity-to-Asset Distribution
For the Retail - Cyclical industry and Consumer Cyclical sector, Ross Stores's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Ross Stores's Equity-to-Asset falls into.
Ross Stores 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.
Ross Stores's Equity to Asset Ratio for the fiscal year that ended in Jan. 2024 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.
Ross Stores (NAS:ROST) 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%.
Ross Stores Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Ross Stores's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Ross Stores operates as an off-price apparel and accessories retailer with the majority of its sales derived from its Ross Dress for Less banner. The firm opportunistically procures excess brand-name merchandise made available via manufacturing overruns and retail liquidation sales at a 20%-60% discount to full prices. As such, its stores are frequently filled with a vast array of stock-keeping units, each with minimal product depth that creates a treasure hunt shopping experience. The firm's more than 1,750 Ross Dress for Less stores are primarily located in densely populated suburban communities and typically serve middle-income consumers. Ross also operates nearly 350 DD's Discounts chains that target lower-income shoppers.
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