Myers Industries (FRA:MJF) Equity-to-Asset : 0.31 (As of Mar. 2024)

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What is Myers Industries Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Myers Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €268.3 Mil. Myers Industries's Total Assets for the quarter that ended in Mar. 2024 was €871.4 Mil. Therefore, Myers Industries's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.31.

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

FRA:MJF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.22 Med: 0.43 Max: 0.54
Current: 0.31

During the past 13 years, the highest Equity to Asset Ratio of Myers Industries was 0.54. The lowest was 0.22. And the median was 0.43.

FRA:MJF's Equity-to-Asset is ranked worse than
86.92% of 390 companies
in the Packaging & Containers industry
Industry Median: 0.55 vs FRA:MJF: 0.31

Myers Industries Equity-to-Asset Historical Data

The historical data trend for Myers Industries'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.

Myers Industries Equity-to-Asset Chart

Myers Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.47

0.43

0.47

0.54

Myers Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial															0.48	0.51	0.53	0.54	0.31

Competitive Comparison of Myers Industries's Equity-to-Asset

For the Packaging & Containers subindustry, Myers Industries'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.

Myers Industries's Equity-to-Asset Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Myers Industries's Equity-to-Asset distribution charts can be found below:

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

Myers Industries 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.

Myers Industries'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
	=	268.498	/	496.676
	=	0.54

Myers Industries's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	268.319	/	871.365
	=	0.31

Myers Industries (FRA:MJF) 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%.

Myers Industries Equity-to-Asset Related Terms

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

Myers Industries (FRA:MJF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Myers Industries Inc (FRA:MJF) » Definitions » Equity-to-Asset

Comparable Companies

PACK TRS KRT VKSC TUP YHGJ MGIH DSS OCTO OI BALL AVY PKG AMCR WRK IP DUB:SK3 CCK TSX:CCL.A GPK

Traded in Other Exchanges

MYE:USA

Address

1293 South Main Street, Akron, OH, USA, 44301

Website

https://www.myersindustries.com

Myers Industries Inc is a plastic manufacturer of returnable packaging, storage and safety products and specialty molding. It manufactures a range of polymer products for industrial, agricultural, automotive, commercial, and consumer markets. It operates through the following segments: The Material Handling segment, which designs manufactures and markets a variety of plastic and metal products. The Distribution segment offers tools, equipment, and supplies used for tire, wheel, and under-vehicle service on passenger, heavy truck, and off-road vehicles.