Sunita Tools (BOM:544001) Equity-to-Asset : 0.67 (As of Mar. 2024)

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What is Sunita Tools Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Sunita Tools's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹256.3 Mil. Sunita Tools's Total Assets for the quarter that ended in Mar. 2024 was ₹384.8 Mil. Therefore, Sunita Tools's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.67.

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

BOM:544001' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.26 Med: -0.03 Max: 0.67
Current: 0.67

During the past 4 years, the highest Equity to Asset Ratio of Sunita Tools was 0.67. The lowest was -0.26. And the median was -0.03.

BOM:544001's Equity-to-Asset is ranked better than
68.23% of 3034 companies
in the Industrial Products industry
Industry Median: 0.56 vs BOM:544001: 0.67

Sunita Tools Equity-to-Asset Historical Data

The historical data trend for Sunita Tools'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.

Sunita Tools Equity-to-Asset Chart

Sunita Tools Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Equity-to-Asset

-0.26

-0.19

0.13

0.67

Sunita Tools Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial			-0.19	-	0.13	0.18	0.67

Competitive Comparison of Sunita Tools's Equity-to-Asset

For the Specialty Industrial Machinery subindustry, Sunita Tools'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.

Sunita Tools's Equity-to-Asset Distribution in the Industrial Products Industry

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

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

Sunita Tools 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.

Sunita Tools's Equity to Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Equity to Asset (A: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	256.267	/	384.847
	=	0.67

Sunita Tools's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	256.267	/	384.847
	=	0.67

Sunita Tools (BOM:544001) 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%.

Sunita Tools Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Sunita Tools's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Sunita Tools (BOM:544001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sunita Tools Ltd (BOM:544001) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sativali Road, Survey No. 66, Plot No. A, Valiv, Vasai East, Palghar, Thane, MH, IND, 401208

Website

https://www.sunitatools.com

Sunita Tools Ltd is an engineering and mould base industry. It manufactures Ground Plates, Mould Bases and Precision CNC Machining. Company products are a pre-requisite and act as food to the manufacturing industries be it Automotive, Pharmaceutical, Electronics, Consumer Goods and Manufacturing Sectors.

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