ICON (Icon Energy) Equity-to-Asset : 0.41 (As of Sep. 2024)

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What is Icon Energy Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Icon Energy's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $12.64 Mil. Icon Energy's Total Assets for the quarter that ended in Sep. 2024 was $30.55 Mil. Therefore, Icon Energy's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was 0.41.

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

ICON' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.41 Med: 0.89 Max: 0.98
Current: 0.41

During the past 3 years, the highest Equity to Asset Ratio of Icon Energy was 0.98. The lowest was 0.41. And the median was 0.89.

ICON's Equity-to-Asset is ranked worse than
62.15% of 996 companies
in the Transportation industry
Industry Median: 0.5 vs ICON: 0.41

Icon Energy Equity-to-Asset Historical Data

The historical data trend for Icon Energy'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.

Icon Energy Equity-to-Asset Chart

Icon Energy Annual Data

Trend

Dec21

Dec22

Dec23

Equity-to-Asset

0.87

0.98

0.71

Icon Energy Quarterly Data
	Dec21	Dec22	Sep23	Dec23	Jun24	Sep24
Equity-to-Asset	Get a 7-Day Free Trial			0.98	0.98	0.71	0.90	0.41

Competitive Comparison of Icon Energy's Equity-to-Asset

For the Marine Shipping subindustry, Icon Energy'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.

Icon Energy's Equity-to-Asset Distribution in the Transportation Industry

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

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

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Icon Energy 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.

Icon Energy'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
	=	9.169	/	12.882
	=	0.71

Icon Energy'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
	=	12.641	/	30.551
	=	0.41

Icon Energy (NAS:ICON) 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%.

Icon Energy Equity-to-Asset Related Terms

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

Icon Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Icon Energy Corp (NAS:ICON) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Pavimar Shipping Co, 17th km National Road, Athens-Lamia & Foinikos Str, Nea Kifissia, Athens, GRC, 14564

Website

https://www.icon-nrg.com

Icon Energy Corp is a Growth-oriented company that operates as a holding company for the purpose of acquiring, owning, chartering and operating dry bulk vessels through its subsidiaries. The company generates its revenues by chartering the Initial Vessels to regional and international dry bulk operators, commodity traders and end users.