Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Concho Resources's Total Stockholders Equity for the quarter that ended in Sep. 2020 was $7,787 Mil. Concho Resources's Total Assets for the quarter that ended in Sep. 2020 was $12,537 Mil.
Therefore, Concho Resources's Equity to Asset Ratio for the quarter that ended in Sep. 2020 was 0.62.
The historical rank and industry rank for Concho Resources's Equity-to-Asset or its related term are showing as below:
CXO'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.38 Med: 0.49 Max: 0.72
Current: 0.62
During the past 13 years, the highest Equity to Asset Ratio of Concho Resources was 0.72. The lowest was 0.38. And the median was 0.49.
CXO's Equity-to-Asset is not ranked
in the Oil & Gas industry.
Industry Median: 0.51
vs CXO: 0.62
Concho Resources Equity-to-Asset Historical Data
The historical data trend for Concho Resources'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 Concho Resources's Equity-to-Asset
For the Oil & Gas E&P subindustry, Concho Resources'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.
Concho Resources's Equity-to-Asset Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Concho Resources's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Concho Resources's Equity-to-Asset falls into.
Concho Resources 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.
Concho Resources's Equity to Asset Ratio for the fiscal year that ended in Dec. 2019 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.
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%.
Concho Resources Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Concho Resources's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Concho Resources (Concho Resources) Business Description
Concho Resources is an independent oil and natural gas company with operations primarily in the Permian Basin of western Texas and southeastern New Mexico. At the end of 2019, it reported proved reserves of 1.0 billion barrels of oil equivalent. Net production averaged about 331 thousand boe per day in 2018, of which 63% was oil (with natural gas and natural gas liquids making up the remainder).
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