Italgas SpA (CHIX:IGM) Equity-to-Asset : 0.19 (As of Jun. 2024)

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What is Italgas SpA Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Italgas SpA's Total Stockholders Equity for the quarter that ended in Jun. 2024 was €2,226 Mil. Italgas SpA's Total Assets for the quarter that ended in Jun. 2024 was €11,541 Mil. Therefore, Italgas SpA's Equity to Asset Ratio for the quarter that ended in Jun. 2024 was 0.19.

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

CHIX:IGm' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.18 Med: 0.19 Max: 0.21
Current: 0.19

During the past 8 years, the highest Equity to Asset Ratio of Italgas SpA was 0.21. The lowest was 0.18. And the median was 0.19.

CHIX:IGm's Equity-to-Asset is ranked worse than
88.72% of 514 companies
in the Utilities - Regulated industry
Industry Median: 0.38 vs CHIX:IGm: 0.19

Italgas SpA Equity-to-Asset Historical Data

The historical data trend for Italgas SpA'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.

Italgas SpA Equity-to-Asset Chart

Italgas SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.19

0.21

Italgas SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Equity-to-Asset	Get a 7-Day Free Trial											0.19	0.19	0.19	0.21	0.19

Competitive Comparison of Italgas SpA's Equity-to-Asset

For the Utilities - Regulated Gas subindustry, Italgas SpA'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.

Italgas SpA's Equity-to-Asset Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Italgas SpA's Equity-to-Asset distribution charts can be found below:

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

Italgas SpA 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.

Italgas SpA's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	2280.072	/	11139.648
	=	0.20

Italgas SpA's Equity to Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

Equity to Asset (Q: Jun. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	2226.482	/	11541.106
	=	0.19

Italgas SpA (CHIX:IGm) 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%.

Italgas SpA Equity-to-Asset Related Terms

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

Italgas SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Italgas SpA (CHIX:IGm) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

ITGGF:USA IG:Italy 0RK1:UK I10:Germany

Address

Via Carlo Bo 11, Milano, ITA, 20143

Website

https://www.italgas.it

Italgas SpA is an Italy-based company engaged in the business of natural gas distribution. The distribution service consists of transporting gas through local pipeline networks, from points of delivery at the reduction and measurement stations interconnected with the transport networks up to the final delivery points to customers. In addition, the company is also engaged in metering activities, which consist of determining, gathering, making available, and archiving metering data on natural gas withdrawn over the distribution networks. It derives a majority of its revenue from natural gas distribution activity. The other activities of the company are the distribution and sale of water and providing technical, engineering, IT assistance, and other services.