Equity to Asset ratio is calculated as total stockholders equity divided by total asset. JM Smucker Co's Total Stockholders Equity for the quarter that ended in Jan. 2024 was R$37,182 Mil. JM Smucker Co's Total Assets for the quarter that ended in Jan. 2024 was R$99,580 Mil.
Therefore, JM Smucker Co's Equity to Asset Ratio for the quarter that ended in Jan. 2024 was 0.37.
The historical rank and industry rank for JM Smucker Co's Equity-to-Asset or its related term are showing as below:
BSP:S1JM34'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.37 Med: 0.48 Max: 0.57
Current: 0.37
During the past 13 years, the highest Equity to Asset Ratio of JM Smucker Co was 0.57. The lowest was 0.37. And the median was 0.48.
BSP:S1JM34's Equity-to-Asset is ranked worse than 72.32% of 1915
companies
in the Consumer Packaged Goods industry
Industry Median: 0.54
vs BSP:S1JM34: 0.37
JM Smucker Co Equity-to-Asset Historical Data
The historical data trend for JM Smucker Co'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 JM Smucker Co's Equity-to-Asset
For the Packaged Foods subindustry, JM Smucker Co'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.
JM Smucker Co's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, JM Smucker Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where JM Smucker Co's Equity-to-Asset falls into.
JM Smucker Co 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.
JM Smucker Co's Equity to Asset Ratio for the fiscal year that ended in Apr. 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.
JM Smucker Co (BSP:S1JM34) 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%.
JM Smucker Co Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of JM Smucker Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
J.M. Smucker is a packaged food company that primarily sells through the U.S. retail channel (77% of forecast fiscal 2024 revenue), with the remaining share consisting of Hostess, foodservice, and international (primarily Canada). Following the divestiture of several pet foods brands and private-label products that constituted about $1.5 billion of sales, retail coffee is now its largest category (33% of sales) with brands Folgers and Dunkin'. Pet foods (22% of sales) holds leading brands like Milk-Bone and Meow Mix. Of its remaining, approximately 22% comes from consumer foods, primarily peanut butter and jelly, through brands Jif and Smucker's. The company acquired Hostess Brands in fiscal 2024 to boost its snack and convenience store presence.
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