The historical rank and industry rank for Amcon Distributing Co's Equity-to-Asset or its related term are showing as below:
DIT'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.27 Med: 0.42 Max: 0.63
Current: 0.28
During the past 13 years, the highest Equity to Asset Ratio of Amcon Distributing Co was 0.63. The lowest was 0.27. And the median was 0.42.
DIT's Equity-to-Asset is ranked worse than 72.38% of 315
companies
in the Retail - Defensive industry
Industry Median: 0.42
vs DIT: 0.28
Amcon Distributing Co Equity-to-Asset Historical Data
The historical data trend for Amcon Distributing 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 Amcon Distributing Co's Equity-to-Asset
For the Food Distribution subindustry, Amcon Distributing 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.
Amcon Distributing Co's Equity-to-Asset Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Amcon Distributing Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Amcon Distributing Co's Equity-to-Asset falls into.
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.
Amcon Distributing Co's Equity to Asset Ratio for the fiscal year that ended in Sep. 2024 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.
Amcon Distributing Co (AMEX:DIT) 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%.
Amcon Distributing Co Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Amcon Distributing Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Amcon Distributing Co is engaged in the wholesale and retail distribution of consumer products such as cigarettes, tobacco, confectionery, health food, and others. It operates in two segments: Wholesale distribution segment distributing consumer products to the retail outlets including convenience stores, grocery stores, liquor stores, drug stores and tobacco shops in the Central, Rocky Mountain, and Southern regions of the United States; and the Retail health food segment is a specialty retailer of natural/organic groceries and dietary supplements throughout the Midwest and Florida. The company earns a majority of the revenue from the Wholesale distribution segment.
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