Equity to Asset ratio is calculated as total stockholders equity divided by total asset. A.O. Smith's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $1,917 Mil. A.O. Smith's Total Assets for the quarter that ended in Sep. 2024 was $3,154 Mil.
Therefore, A.O. Smith's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was 0.61.
The historical rank and industry rank for A.O. Smith's Equity-to-Asset or its related term are showing as below:
AOS'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.51 Med: 0.55 Max: 0.61
Current: 0.61
During the past 13 years, the highest Equity to Asset Ratio of A.O. Smith was 0.61. The lowest was 0.51. And the median was 0.55.
AOS's Equity-to-Asset is ranked better than 59.08% of 3028
companies
in the Industrial Products industry
Industry Median: 0.56
vs AOS: 0.61
A.O. Smith Equity-to-Asset Historical Data
The historical data trend for A.O. Smith'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 A.O. Smith's Equity-to-Asset
For the Specialty Industrial Machinery subindustry, A.O. Smith'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.
A.O. Smith's Equity-to-Asset Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, A.O. Smith's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where A.O. Smith's Equity-to-Asset falls into.
A.O. Smith 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.
A.O. Smith'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.
A.O. Smith (NYSE:AOS) 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%.
A.O. Smith Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of A.O. Smith's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
A.O. Smith Corporation manufactures a broad lineup of water heaters, boilers, and water treatment products. The company has two reporting segments, North America (75% of sales) and rest of world (25% of sales). A.O. Smith is the leading manufacturer of water heaters in North America for both residential and commercial markets, with approximately 37% and 54% market share, respectively. Residential water heaters account for Most of North American sales and are distributed equally through wholesale and retail channels. Most of A.O. Smith's international revenue is from China, a market the company entered during the mid-1990s.
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