Renergen (JSE:REN) Equity-to-Asset : 0.46 (As of Feb. 2024)

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What is Renergen Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Renergen's Total Stockholders Equity for the quarter that ended in Feb. 2024 was R1,243.65 Mil. Renergen's Total Assets for the quarter that ended in Feb. 2024 was R2,709.13 Mil. Therefore, Renergen's Equity to Asset Ratio for the quarter that ended in Feb. 2024 was 0.46.

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

JSE:REN' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.25 Med: 0.45 Max: 0.8
Current: 0.46

During the past 8 years, the highest Equity to Asset Ratio of Renergen was 0.80. The lowest was 0.25. And the median was 0.45.

JSE:REN's Equity-to-Asset is ranked worse than
56.11% of 1089 companies
in the Oil & Gas industry
Industry Median: 0.5 vs JSE:REN: 0.46

Renergen Equity-to-Asset Historical Data

The historical data trend for Renergen'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.

Renergen Equity-to-Asset Chart

Renergen Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Equity-to-Asset

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0.40

0.27

0.25

0.44

0.46

Renergen Semi-Annual Data
	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Equity-to-Asset	Get a 7-Day Free Trial											0.25	0.39	0.44	0.38	0.46

Competitive Comparison of Renergen's Equity-to-Asset

For the Oil & Gas E&P subindustry, Renergen'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.

Renergen's Equity-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Renergen's Equity-to-Asset distribution charts can be found below:

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

Renergen 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.

Renergen's Equity to Asset Ratio for the fiscal year that ended in Feb. 2024 is calculated as

Equity to Asset (A: Feb. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	1243.647	/	2709.127
	=	0.46

Renergen's Equity to Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

Equity to Asset (Q: Feb. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	1243.647	/	2709.127
	=	0.46

Renergen (JSE:REN) 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%.

Renergen Equity-to-Asset Related Terms

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

Renergen (JSE:REN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Renergen Ltd (JSE:REN) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

RGNNF:USA 9960:Germany RLT:Australia

Address

1 Bompas Road, First Floor, Dunkeld West, Johannesburg, ZAF, 2196

Website

https://www.renergen.co.za

Renergen Ltd is an investment holding company focused on the alternative and renewable energy sectors in South Africa and sub-Saharan Africa. It has two reportable segments namely Corporate Head office where all investment decisions are made; and Tetra4 Proprietary Ltd which explores, develops, and sells compressed natural gas to the South African market.