Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Magnolia Oil & Gas's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,692 Mil. Magnolia Oil & Gas's Total Assets for the quarter that ended in Dec. 2023 was $2,756 Mil.
Therefore, Magnolia Oil & Gas's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.61.
The historical rank and industry rank for Magnolia Oil & Gas's Equity-to-Asset or its related term are showing as below:
MGY'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.38 Med: 0.51 Max: 0.95
Current: 0.61
During the past 8 years, the highest Equity to Asset Ratio of Magnolia Oil & Gas was 0.95. The lowest was 0.38. And the median was 0.51.
MGY's Equity-to-Asset is ranked better than 65.32% of 1087
companies
in the Oil & Gas industry
Industry Median: 0.51
vs MGY: 0.61
Magnolia Oil & Gas Equity-to-Asset Historical Data
The historical data trend for Magnolia Oil & Gas'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 Magnolia Oil & Gas's Equity-to-Asset
For the Oil & Gas E&P subindustry, Magnolia Oil & Gas'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.
Magnolia Oil & Gas's Equity-to-Asset Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Magnolia Oil & Gas's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Magnolia Oil & Gas's Equity-to-Asset falls into.
Magnolia Oil & Gas 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.
Magnolia Oil & Gas's Equity to Asset Ratio for the fiscal year that ended in Dec. 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.
Magnolia Oil & Gas (NYSE:MGY) 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%.
Magnolia Oil & Gas Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Magnolia Oil & Gas's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Magnolia Oil & Gas (Magnolia Oil & Gas) Business Description
Magnolia Oil & Gas Corp is an independent oil and natural gas company engaged in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquid (NGL) reserves. The Company's oil and natural gas properties are located in Karnes County and the Giddings area in South Texas, where the Company targets the Eagle Ford Shale and Austin Chalk formations. Its objective is to generate stock market value over the long term through consistent organic production growth, high full-cycle operating margins, and an efficient capital program with short economic paybacks. The company's operating segment is acquisition, development, exploration, and production of oil and natural gas properties located in the United States.
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