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Pure Storage (LTS:0KSA) Equity-to-Asset : 0.37 (As of Oct. 2024)


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What is Pure Storage Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Pure Storage's Total Stockholders Equity for the quarter that ended in Oct. 2024 was $1,411 Mil. Pure Storage's Total Assets for the quarter that ended in Oct. 2024 was $3,854 Mil. Therefore, Pure Storage's Equity to Asset Ratio for the quarter that ended in Oct. 2024 was 0.37.

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

LTS:0KSA' s Equity-to-Asset Range Over the Past 10 Years
Min: -1.15   Med: 0.35   Max: 0.71
Current: 0.37

During the past 11 years, the highest Equity to Asset Ratio of Pure Storage was 0.71. The lowest was -1.15. And the median was 0.35.

LTS:0KSA's Equity-to-Asset is ranked worse than
78.2% of 2473 companies
in the Hardware industry
Industry Median: 0.56 vs LTS:0KSA: 0.37

Pure Storage Equity-to-Asset Historical Data

The historical data trend for Pure Storage'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.

Pure Storage Equity-to-Asset Chart

Pure Storage Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.35 0.27 0.24 0.27 0.35

Pure Storage Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 0.34 0.35 0.38 0.38 0.37

Competitive Comparison of Pure Storage's Equity-to-Asset

For the Computer Hardware subindustry, Pure Storage'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.


Pure Storage's Equity-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Pure Storage's Equity-to-Asset distribution charts can be found below:

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



Pure Storage 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.

Pure Storage's Equity to Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

Equity to Asset (A: Jan. 2024 )=Total Stockholders Equity/Total Assets
=1270.094/3655.76
=0.35

Pure Storage's Equity to Asset Ratio for the quarter that ended in Oct. 2024 is calculated as

Equity to Asset (Q: Oct. 2024 )=Total Stockholders Equity/Total Assets
=1410.586/3854.465
=0.37

* 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.


Pure Storage  (LTS:0KSA) 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%.


Pure Storage Equity-to-Asset Related Terms

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Pure Storage Business Description

Traded in Other Exchanges
Address
2555 Augustine Drive, Santa Clara, CA, USA, 95054
Pure Storage Inc is a U.S.-based company that provides an enterprise data storage platform that transforms business through a dramatic increase in performance and reduction in complexity and costs. It generates revenue from two sources: product revenue which includes the sale of integrated storage hardware and embedded operating system software and; subscription services revenue which includes Evergreen Storage subscriptions, a unified subscription which includes Pure as-a-Service, and Cloud Block Store, and Portworx. Subscription services revenue also includes professional services offerings such as installation and implementation consulting services.

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