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ASK Automotive (BOM:544022) Equity-to-Asset : 0.52 (As of Mar. 2024)


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What is ASK Automotive Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. ASK Automotive's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹8,167 Mil. ASK Automotive's Total Assets for the quarter that ended in Mar. 2024 was ₹15,684 Mil. Therefore, ASK Automotive's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.52.

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

BOM:544022' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.5   Med: 0.55   Max: 0.66
Current: 0.52

During the past 4 years, the highest Equity to Asset Ratio of ASK Automotive was 0.66. The lowest was 0.50. And the median was 0.55.

BOM:544022's Equity-to-Asset is ranked better than
59.02% of 1320 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs BOM:544022: 0.52

ASK Automotive Equity-to-Asset Historical Data

The historical data trend for ASK Automotive'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.

ASK Automotive Equity-to-Asset Chart

ASK Automotive Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Equity-to-Asset
0.66 0.57 0.50 0.52

ASK Automotive Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
Equity-to-Asset 0.66 0.57 0.50 0.52

Competitive Comparison of ASK Automotive's Equity-to-Asset

For the Auto Parts subindustry, ASK Automotive'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.

ASK Automotive's Equity-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ASK Automotive's Equity-to-Asset distribution charts can be found below:

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


ASK Automotive 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.

ASK Automotive'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
=8167.343/15684.451
=0.52

ASK Automotive'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
=8167.343/15684.451
=0.52

* 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.

ASK Automotive  (BOM:544022) 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%.

ASK Automotive Equity-to-Asset Related Terms

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

ASK Automotive (BOM:544022) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ASK Automotive Ltd (BOM:544022) » Definitions » Equity-to-Asset
Comparable Companies
Traded in Other Exchanges
ASKAUTOLTD:India
Address
Sector 5, IMT Manesar, Plot No - 13-14, Gurgaon, HR, IND, 122 050
Website
https://www.askbrake.com
ASK Automotive Ltd is a manufacturer of brake-shoe and advanced braking systems for two-wheelers in India. The product range of the company includes AB systems; aluminium lightweight precision, wheel assembly to 2W OEMs; and safety control cables The company operates in India as well as overseas.

ASK Automotive (BOM:544022) Headlines

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