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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Azure Power Global's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $388.1 Mil. Azure Power Global's Total Assets for the quarter that ended in Mar. 2024 was $2,167.4 Mil.
Therefore, Azure Power Global's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.18.
The historical rank and industry rank for Azure Power Global's Equity-to-Asset or its related term are showing as below:
AZREF's Equity-to-Asset is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 0.41 * Ranked among companies with meaningful Equity-to-Asset only.
Azure Power Global (OTCPK:AZREF) 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%.
Azure Power Global Equity-to-Asset Related Terms
Azure Power Global Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Azure Power Global'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.
AZREF vs SAFX, VGAS, STEM: Equity-to-Asset Comparison
For the Utilities - Renewable subindustry, Azure Power Global'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.
Azure Power Global Equity-to-Asset vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Azure Power Global's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Azure Power Global'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.
Azure Power Global's Equity to Asset Ratio for the fiscal year that ended in Mar. 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.
Azure Power Global (AZREF) has a Equity-to-Asset of 0.18 as of Mar. 2024. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Azure Power Global and its competitors.
Is Azure Power Global's Equity-to-Asset too high?
Azure Power Global's current Equity-to-Asset is 0.18. The Utilities - Independent Power Producers industry median Equity-to-Asset is 0.41. Azure Power Global's value of 0.18 is 56.1% below this industry median. Overall, Azure Power Global has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Azure Power Global's Equity-to-Asset compare to SAFX and VGAS?
Azure Power Global's Equity-to-Asset of 0.18 can be compared against companies in the Utilities - Independent Power Producers industry. The industry median Equity-to-Asset is 0.41. Azure Power Global's value of 0.18 is 56.1% below this benchmark. 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 an Utilities - Independent Power Producers company?
The median Equity-to-Asset among Utilities - Independent Power Producers companies is 0.41, based on 450 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. Azure Power Global's current Equity-to-Asset of 0.18 is 56.1% 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 Azure Power Global and its competitors. For the Utilities - Independent Power Producers industry, the median Equity-to-Asset is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Azure Power Global's current Equity-to-Asset is 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azure Power Global stock overvalued right now?
Azure Power Global (AZREF) has a current Equity-to-Asset of 0.18. The current Equity-to-Asset is 0.18 and 56.1% below the Utilities - Independent Power Producers industry median of 0.41. Azure Power Global's overall GF Score™ is 12/100. 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 Azure Power Global (AZREF), the current Equity-to-Asset is 0.18 as of Mar. 2024. 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.
Azure Power Global Ltd is a utility-scale renewable energy project developer and operator. It is engaged in the development, construction, ownership, operation, maintenance, and management of renewable energy assets based on long-term contracts (Power Purchase Agreements or PPA) with Indian Government energy distribution companies, as well as other Indian non-governmental energy distribution companies and commercial customers.
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