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Waste ConnectionsMEX:WCNN 91 Equity-to-Asset is 0.37 as of Jun. 2026, which is 23% below its 10-year median of 0.48. GuruFocus rates MEX:WCNN with a GF Score™ of 91/100 and a GF Value™ of MXN3,613.14 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 246 Waste Management companies, Waste Connections ranks worse than 68.29% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Waste Connections's Total Stockholders Equity for the quarter that ended in Jun. 2026 was MXN138,217 Mil. Waste Connections's Total Assets for the quarter that ended in Jun. 2026 was MXN373,399 Mil.
Therefore, Waste Connections's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.37.
The historical rank and industry rank for Waste Connections's Equity-to-Asset or its related term are showing as below:
MEX:WCNN'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.37 Med: 0.48 Max: 0.53
Current: 0.37
During the past 13 years, the highest Equity to Asset Ratio of Waste Connections was 0.53. The lowest was 0.37. And the median was 0.48.
MEX:WCNN's Equity-to-Asset is ranked worse than 68.29% of 246
companies
in the Waste Management industry
Industry Median: 0.45
vs MEX:WCNN: 0.37
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%.
Waste Connections Equity-to-Asset Related Terms
Waste Connections Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Waste Connections'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.
MEX:WCNN vs RSG, CLH, GFL: Equity-to-Asset Comparison
For the Waste Management subindustry, Waste Connections'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.
Waste Connections Equity-to-Asset vs Waste Management Industry
For the Waste Management industry and Industrials sector, Waste Connections's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Waste Connections's Equity-to-Asset falls into.
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.
Waste Connections's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 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.
Waste Connections (MEX:WCNN) has a Equity-to-Asset of 0.37 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Waste Connections and its competitors. This is 23% below median its historical median of 0.48. Over the past decade, Waste Connections' Equity-to-Asset has ranged from 0.37 to 0.53. According to the industry distribution chart, Waste Connections ranks #168 out of 246 companies in the Waste Management industry, placing it in the top 68.3%.
Is Waste Connections' Equity-to-Asset too high?
Waste Connections' current Equity-to-Asset of 0.37 is 23% below median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 0.53. The Waste Management industry median Equity-to-Asset is 0.45. Waste Connections' value of 0.37 is 17.8% below this industry median. Based on the distribution chart, Waste Connections ranks #168 out of 246 companies in the Waste Management industry, which is below the industry midpoint. Overall, Waste Connections has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Waste Connections' Equity-to-Asset compare to RSG and CLH?
According to the Waste Management industry distribution chart, Waste Connections ranks #168 out of 246 companies for Equity-to-Asset. This places Waste Connections in the lower half of its industry. The industry median Equity-to-Asset is 0.45. Waste Connections' value of 0.37 is 17.8% below this benchmark. Historically, Waste Connections' own Equity-to-Asset has ranged from 0.37 to 0.53 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 0.45, Waste Connections has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Waste Management company?
The median Equity-to-Asset among Waste Management companies is 0.45, based on 246 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Waste Connections's current Equity-to-Asset of 0.37 is 17.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Waste Connections and its competitors. For the Waste Management industry, the median Equity-to-Asset is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waste Connections's current Equity-to-Asset is 0.37, which is 23% below median its own 10-year median of 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waste Connections stock overvalued right now?
Based on GuruFocus' analysis, Waste Connections (MEX:WCNN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN3,613.14, compared to a current price of MXN2,880.00 — trading 20.3% below its estimated fair value. The current Equity-to-Asset is 0.37, which is 23% below median its 10-year median of 0.48 and 17.8% below the Waste Management industry median of 0.45. Waste Connections' overall GF Score™ is 91/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Waste Connections (MEX:WCNN), the current Equity-to-Asset is 0.37 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Waste Connections (MEX:WCNN) Overvalued in 2026?
Based on GuruFocus' analysis, Waste Connections stock appears to be undervalued.
The current stock price of MXN2,880.00 is trading 20.3% below its estimated GF Value™ of MXN3,613.14.
GuruFocus considers Waste Connections to be Modestly Undervalued.
Key valuation signals for MEX:WCNN:
Equity-to-Asset: 0.37 (23% below median its 10-year median of 0.48)
GF Value™: MXN3,613.14 vs. price of MXN2,880.00 (20.3% below fair value)
Industry Position: 17.8% below the Waste Management median (#168 of 246)
No single metric tells the full story. See the MEX:WCNN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Waste Connections is a North American waste management company focused on integrated waste collection services. The firm primarily focuses on residential, commercial, municipal, and industrial waste collection, with a secondary market focus on rural areas. With 113 landfills and 222 transfer stations as of 2024, it is the third-largest waste management company by revenue. Revenue is split among six operating segments: Western, Southern, Eastern, Central, Canada, and Midsouth.
91GF Score
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