Switch to:
Toro Company (NYSE:TTC)
Equity to Asset Ratio
0.33 (As of Jan. 2014)

Equity to Asset ratio is calculated as shareholder’s tangible equity divided by its total asset. Toro Company's total equity for the quarter that ended in Jan. 2014 was $341 Mil. Toro Company's total assets for the quarter that ended in Jan. 2014 was $1,040 Mil. Therefore, Toro Company's Equity to Asset Ratio for the quarter that ended in Jan. 2014 was 0.33.

TTC' s 10-Year Equity to Asset Range
Min: 0.29   Max: 0.47
Current: 0.33

0.29
0.47

During the past 13 years, the highest Equity to Asset Ratio of Toro Company was 0.47. The lowest was 0.29. And the median was 0.36.

TTC's Equity to Assetis ranked lower than
58% of the 1914 Companies
in the Global Tools & Accessories industry.

( Industry Median: 0.53 vs. TTC: 0.33 )

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.

Toro Company's Equity to Asset Ratio for the fiscal year that ended in Oct. 2013 is calculated as

Equity to Asset (A: Oct. 2013 )=Total Equity/Total Assets
=358.738/1002.748
=0.36

Toro Company's Equity to Asset Ratio for the quarter that ended in Jan. 2014 is calculated as

Equity to Asset (Q: Jan. 2014 )=Total Equity/Total Assets
=341.44/1039.595
=0.33

* 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

Return on Equity, Total Assets, Total Equity


Historical Data

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

Toro Company Annual Data

Oct04Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13
equity2asset 0.450.430.430.390.390.360.310.310.330.36

Toro Company Quarterly Data

Oct11Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14
equity2asset 0.310.310.300.340.330.320.340.370.360.33
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)
Free 7-day Trial
FEEDBACK
Hide