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HOEGF (Hoegh Autoliners ASA) Equity-to-Asset : 0.64 (As of Sep. 2024)


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What is Hoegh Autoliners ASA Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Hoegh Autoliners ASA's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $1,297 Mil. Hoegh Autoliners ASA's Total Assets for the quarter that ended in Sep. 2024 was $2,019 Mil. Therefore, Hoegh Autoliners ASA's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was 0.64.

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

HOEGF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.33   Med: 0.59   Max: 0.69
Current: 0.64

During the past 6 years, the highest Equity to Asset Ratio of Hoegh Autoliners ASA was 0.69. The lowest was 0.33. And the median was 0.59.

HOEGF's Equity-to-Asset is ranked better than
73.66% of 972 companies
in the Transportation industry
Industry Median: 0.49 vs HOEGF: 0.64

Hoegh Autoliners ASA Equity-to-Asset Historical Data

The historical data trend for Hoegh Autoliners ASA'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.

Hoegh Autoliners ASA Equity-to-Asset Chart

Hoegh Autoliners ASA Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial 0.33 0.37 0.49 0.61 0.69

Hoegh Autoliners ASA Quarterly Data
Dec18 Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.67 0.69 0.62 0.65 0.64

Competitive Comparison of Hoegh Autoliners ASA's Equity-to-Asset

For the Marine Shipping subindustry, Hoegh Autoliners ASA'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.


Hoegh Autoliners ASA's Equity-to-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hoegh Autoliners ASA's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Hoegh Autoliners ASA's Equity-to-Asset falls into.



Hoegh Autoliners ASA 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.

Hoegh Autoliners ASA'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
=1411.729/2059.344
=0.69

Hoegh Autoliners ASA's Equity to Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

Equity to Asset (Q: Sep. 2024 )=Total Stockholders Equity/Total Assets
=1297.376/2018.566
=0.64

* 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.


Hoegh Autoliners ASA  (OTCPK:HOEGF) 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%.


Hoegh Autoliners ASA Equity-to-Asset Related Terms

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Hoegh Autoliners ASA Business Description

Traded in Other Exchanges
Address
Drammensveien 134, Oslo, NOR, N-0277
Hoegh Autoliners ASA is a provider of transportation services within the Roll-on Roll-off (RoRo) segment. The company's fleet of Pure Car and Truck Carriers sailing in trade systems combined with its local presence enable the company to cater for the specific needs of its customer. It offers deep sea transportation of RoRo cargo such as cars, high and heavy machinery and breakbulk. The Group has two operating segments, Shipping services and Logistics services.

Hoegh Autoliners ASA Headlines