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Westpac BankingASX:WESSWG 64 Equity-to-Asset is 0.06 as of Mar. 2026, which is 14% below its 10-year median of 0.07. GuruFocus rates ASX:WESSWG with a GF Score™ of 64/100. The stock has 4 warning signs investors should review. Among 1,525 Banks companies, Westpac Banking ranks worse than 84.85% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Westpac Banking's Total Stockholders Equity for the quarter that ended in Mar. 2026 was A$70,761.00 Mil. Westpac Banking's Total Assets for the quarter that ended in Mar. 2026 was A$1,172,583.00 Mil.
Therefore, Westpac Banking's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.06.
The historical rank and industry rank for Westpac Banking's Equity-to-Asset or its related term are showing as below:
ASX:WESSWG'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.06 Med: 0.07 Max: 0.08
Current: 0.06
During the past 13 years, the highest Equity to Asset Ratio of Westpac Banking was 0.08. The lowest was 0.06. And the median was 0.07.
ASX:WESSWG's Equity-to-Asset is ranked worse than 84.85% of 1525
companies
in the Banks industry
Industry Median: 0.1
vs ASX:WESSWG: 0.06
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%.
Westpac Banking Equity-to-Asset Related Terms
Westpac Banking Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Westpac Banking'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.
ASX:WESSWG vs JPM, BAC, WFC: Equity-to-Asset Comparison
For the Banks - Diversified subindustry, Westpac Banking'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.
Westpac Banking Equity-to-Asset vs Banks Industry
For the Banks industry and Financial Services sector, Westpac Banking's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Westpac Banking's Equity-to-Asset falls into.
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.
Westpac Banking's Equity to Asset Ratio for the fiscal year that ended in Sep. 2025 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.
Westpac Banking (ASX:WESSWG) has a Equity-to-Asset of 0.06 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Westpac Banking and its competitors. This is 14% below median its historical median of 0.07. Over the past decade, Westpac Banking's Equity-to-Asset has ranged from 0.06 to 0.08. According to the industry distribution chart, Westpac Banking ranks #1294 out of 1525 companies in the Banks industry, placing it in the top 84.9%.
Is Westpac Banking's Equity-to-Asset too high?
Westpac Banking's current Equity-to-Asset of 0.06 is 14% below median its 10-year median of 0.07. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 0.08. The Banks industry median Equity-to-Asset is 0.10. Westpac Banking's value of 0.06 is 40% below this industry median. Based on the distribution chart, Westpac Banking ranks #1294 out of 1525 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Westpac Banking has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Westpac Banking's Equity-to-Asset compare to JPM and BAC?
According to the Banks industry distribution chart, Westpac Banking ranks #1294 out of 1525 companies for Equity-to-Asset. This places Westpac Banking in the lower half of its industry. The industry median Equity-to-Asset is 0.10. Westpac Banking's value of 0.06 is 40% below this benchmark. Historically, Westpac Banking's own Equity-to-Asset has ranged from 0.06 to 0.08 over the past decade. While the company's 10-year median is 0.07 vs. the industry median of 0.10, Westpac Banking has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Banks company?
The median Equity-to-Asset among Banks companies is 0.10, based on 1,525 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Westpac Banking's current Equity-to-Asset of 0.06 is 40% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Westpac Banking and its competitors. For the Banks industry, the median Equity-to-Asset is 0.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Westpac Banking's current Equity-to-Asset is 0.06, which is 14% below median its own 10-year median of 0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Westpac Banking stock overvalued right now?
Westpac Banking (ASX:WESSWG) has a current Equity-to-Asset of 0.06. The current Equity-to-Asset is 0.06, which is 14% below median its 10-year median of 0.07 and 40% below the Banks industry median of 0.10. Westpac Banking's overall GF Score™ is 64/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Westpac Banking (ASX:WESSWG), the current Equity-to-Asset is 0.06 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Westpac is Australia's oldest bank and financial services group, with a significant franchise in Australia and New Zealand in the consumer, small business, corporate, and institutional sectors, in addition to its major presence in wealth management. Westpac is among a handful of banks around the globe currently retaining very high credit ratings. The bank benefits from a large national branch network and significant market share, particularly in home loans and retail deposits.
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