Smiths Group (Smiths Group) Equity-to-Asset : 0.52 (As of Jan. 2024)

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What is Smiths Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Smiths Group's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $2,673 Mil. Smiths Group's Total Assets for the quarter that ended in Jan. 2024 was $5,165 Mil. Therefore, Smiths Group's Equity to Asset Ratio for the quarter that ended in Jan. 2024 was 0.52.

The historical rank and industry rank for Smiths Group's Equity-to-Asset or its related term are showing as below:

SMGKF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.32 Med: 0.44 Max: 0.55
Current: 0.52

During the past 13 years, the highest Equity to Asset Ratio of Smiths Group was 0.55. The lowest was 0.32. And the median was 0.44.

SMGKF's Equity-to-Asset is ranked worse than
55.62% of 3026 companies
in the Industrial Products industry
Industry Median: 0.56 vs SMGKF: 0.52

Smiths Group Equity-to-Asset Historical Data

The historical data trend for Smiths Group'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.

* Premium members only.

Smiths Group Equity-to-Asset Chart

Smiths Group Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Equity-to-Asset

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0.44

0.45

0.52

0.55

Smiths Group Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Equity-to-Asset	Get a 7-Day Free Trial															0.54	0.52	0.50	0.55	0.52

Competitive Comparison of Smiths Group's Equity-to-Asset

For the Specialty Industrial Machinery subindustry, Smiths Group'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.

Smiths Group's Equity-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Smiths Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Smiths Group's Equity-to-Asset falls into.

Smiths Group 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.

Smiths Group's Equity to Asset Ratio for the fiscal year that ended in Jul. 2023 is calculated as

Equity to Asset (A: Jul. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	3072.165	/	5612.113
	=	0.55

Smiths Group's Equity to Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

Equity to Asset (Q: Jan. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	2673.443	/	5165.184
	=	0.52

Smiths Group (OTCPK:SMGKF) 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%.

Smiths Group Equity-to-Asset Related Terms

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Smiths Group (Smiths Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Smiths Group PLC (OTCPK:SMGKF) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

SMGZY:USA SMINl:UK SMIN:UK QS2A:Germany

Address

11-12 St James’s Square, 4th Floor, London, GBR, SW1Y 4LB

Website

https://www.smiths.com

With its start as a London jeweler in the 19th century, Smiths Group has for most of its history operated as a company operating disparate but economically attractive businesses. Thematically, it runs businesses that manufacture niche products in security- or safety-sensitive industries. Today, the business is split across four divisions: mechanical seals, weapons detection, electrical connectors, and specialized hoses. The end customers for these products include airports, NASA, government security or defense departments, and hospitals.