Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Meiji Holdings Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $5,218 Mil. Meiji Holdings Co's Total Assets for the quarter that ended in Dec. 2023 was $8,584 Mil.
Therefore, Meiji Holdings Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.61.
The historical rank and industry rank for Meiji Holdings Co's Equity-to-Asset or its related term are showing as below:
MEJHF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.41 Med: 0.53 Max: 0.63
Current: 0.61
During the past 13 years, the highest Equity to Asset Ratio of Meiji Holdings Co was 0.63. The lowest was 0.41. And the median was 0.53.
MEJHF's Equity-to-Asset is ranked better than 60.21% of 1915
companies
in the Consumer Packaged Goods industry
Industry Median: 0.54
vs MEJHF: 0.61
Meiji Holdings Co Equity-to-Asset Historical Data
The historical data trend for Meiji Holdings Co'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.
Competitive Comparison of Meiji Holdings Co's Equity-to-Asset
For the Packaged Foods subindustry, Meiji Holdings Co'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.
Meiji Holdings Co's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Meiji Holdings Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Meiji Holdings Co's Equity-to-Asset falls into.
Meiji Holdings Co 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.
Meiji Holdings Co's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
Meiji Holdings Co (OTCPK:MEJHF) 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%.
Meiji Holdings Co Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Meiji Holdings Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Meiji Holdings Co (Meiji Holdings Co) Business Description
Meiji Holdings was established in April 2009 as a merged entity of Meiji Dairies, Japan's largest dairy company, and Meiji Seika, the country's number-two confectionery maker. The amalgamation was propelled by a surge in commodity prices, Japan's aging and shrinking population, and fierce competition. The food business, comprising dairy and confectionery operations, represents more than 80% of the group's sales and profits. The rest mainly comes from the pharmaceutical business, specializing in antibacterial and generic drugs, as well as vaccines. Meiji is looking to step up overseas expansion of the food business, particularly in China, which will serve as a key growth driver over the medium term.
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