Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Magnetek's Total Stockholders Equity for the quarter that ended in Jun. 2015 was €28.59 Mil. Magnetek's Total Assets for the quarter that ended in Jun. 2015 was €74.15 Mil.
Therefore, Magnetek's Equity to Asset Ratio for the quarter that ended in Jun. 2015 was 0.39.
The historical rank and industry rank for Magnetek's Equity-to-Asset or its related term are showing as below:
FRA:MAJ1'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.32 Med: 0.26 Max: 0.65
Current: 0.39
During the past 13 years, the highest Equity to Asset Ratio of Magnetek was 0.65. The lowest was -0.32. And the median was 0.26.
FRA:MAJ1's Equity-to-Asset is not ranked
in the Hardware industry.
Industry Median: 0.57
vs FRA:MAJ1: 0.39
Magnetek Equity-to-Asset Historical Data
The historical data trend for Magnetek'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 Magnetek's Equity-to-Asset
For the Electronic Components subindustry, Magnetek'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.
Magnetek's Equity-to-Asset Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Magnetek's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Magnetek's Equity-to-Asset falls into.
Magnetek 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.
Magnetek's Equity to Asset Ratio for the fiscal year that ended in Dec. 2014 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.
Magnetek (FRA:MAJ1) 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%.
Magnetek Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Magnetek's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Magnetek Inc was founded in 1984. The Company is a provider of digital power control systems that are used to control motion and power mainly in material handling, elevator, and energy delivery applications. The Company currently operates within a single business segment, digital power control systems, and sells its products to large original equipment manufacturers. The Company's systems consist mainly of programmable motion control and power conditioning systems used in the following applications: overhead cranes and hoists; elevators; coal mining equipment; and renewable energy sources. It is a North America's independent supplier of digital drives, radio controls, software and accessories for industrial cranes and hoists, and it is also a supplier of digital direct current (DC) motion control systems for elevators. The customers of Company include industrial crane and hoist companies in North America and the world's elevator builders. It is a provider of power control and delivery systems and solutions for overhead material handling applications used in industries such as: aerospace, automotive, steel, aluminum, paper, logging, mining, ship loading, nuclear power plants, locomotive yards, and heavy movable structures. The Company's material handling products include drive systems, radio remote controls, and braking, collision-avoidance, and electrification subsystems, sold mainly to original equipment manufacturers of overhead cranes and hoists. The Company also designs, builds, sells, and supports elevator application specific drive products and is recognized as a leader for DC high performance elevator drives, as well as AC drives for low and high performance traction elevators. The Company's elevator product offerings are comprised of integrated subsystems and drives used to control motion mainly in high-rise, high speed elevator applications. The Company's energy delivery product offerings include power inverters for fuel cells, solar panels and wind turbines, which deliver AC power from these energy sources to the utility power grid. The Company's main competitors included: Konecranes Inc., Power Electronics International, Inc., Cattron Group International (a division of Laird Technologies), Conductix-Wampfler (a division of Delachaux Group), Control Techniques (a division of Emerson Electric), OMRON Corporation, KEB GmbH, and Fujitec.
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