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KONE Oyj (LTS:0II2) Equity-to-Asset : 0.30 (As of Sep. 2024)


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What is KONE Oyj Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. KONE Oyj's Total Stockholders Equity for the quarter that ended in Sep. 2024 was €2,563 Mil. KONE Oyj's Total Assets for the quarter that ended in Sep. 2024 was €8,611 Mil. Therefore, KONE Oyj's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was 0.30.

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

LTS:0II2' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.25   Med: 0.31   Max: 0.4
Current: 0.3

During the past 13 years, the highest Equity to Asset Ratio of KONE Oyj was 0.40. The lowest was 0.25. And the median was 0.31.

LTS:0II2's Equity-to-Asset is ranked worse than
87.61% of 3026 companies
in the Industrial Products industry
Industry Median: 0.56 vs LTS:0II2: 0.30

KONE Oyj Equity-to-Asset Historical Data

The historical data trend for KONE Oyj'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.

KONE Oyj Equity-to-Asset Chart

KONE Oyj Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.37 0.36 0.33 0.31 0.32

KONE Oyj Quarterly Data
Dec19 Mar20 Jun20 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 Premium Member Only 0.29 0.32 0.25 0.28 0.30

Competitive Comparison of KONE Oyj's Equity-to-Asset

For the Specialty Industrial Machinery subindustry, KONE Oyj'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.


KONE Oyj's Equity-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, KONE Oyj's Equity-to-Asset distribution charts can be found below:

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



KONE Oyj 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.

KONE Oyj'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
=2752.1/8730.8
=0.32

KONE Oyj'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
=2563.2/8610.7
=0.30

* 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.


KONE Oyj  (LTS:0II2) 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%.


KONE Oyj Equity-to-Asset Related Terms

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KONE Oyj Business Description

Address
Keilasatama 3, P.O. Box 7, Espoo, FIN, 02150
Kone is a global top-four supplier of elevators and escalators. Kone began producing elevators in Finland in 1918 and today generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing its installed base. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. The bulk of Kone's business is in elevators, which are more numerous globally than escalators. Its business model is similar to its closest competitors Otis, Schindler, and TK Elevator.

KONE Oyj Headlines

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