Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) 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%.
Magnitogorsk Iron & Steel Works PJSC Equity-to-Asset Related Terms
Magnitogorsk Iron & Steel Works PJSC Equity-to-Asset Historical Data
* 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.
Magnitogorsk Iron & Steel Works PJSC Equity-to-Asset Chart
MIC:MAGN vs NUE, STLD, RS: Equity-to-Asset Comparison
For the Steel subindustry, Magnitogorsk Iron & Steel Works PJSC'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.
Magnitogorsk Iron & Steel Works PJSC Equity-to-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Magnitogorsk Iron & Steel Works PJSC's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Magnitogorsk Iron & Steel Works PJSC's Equity-to-Asset falls into.
Magnitogorsk Iron & Steel Works PJSC 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.
* 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.
Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) has a Equity-to-Asset of 0.73 as of Dec. 2023. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Magnitogorsk Iron & Steel Works PJSC and its competitors.
Is Magnitogorsk Iron & Steel Works PJSC's Equity-to-Asset too high?
Magnitogorsk Iron & Steel Works PJSC's current Equity-to-Asset is 0.73. The Steel industry median Equity-to-Asset is 0.54. Magnitogorsk Iron & Steel Works PJSC's value of 0.73 is 35.2% above this industry median. Overall, Magnitogorsk Iron & Steel Works PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Magnitogorsk Iron & Steel Works PJSC's Equity-to-Asset compare to NUE and STLD?
Magnitogorsk Iron & Steel Works PJSC's Equity-to-Asset of 0.73 can be compared against companies in the Steel industry. The industry median Equity-to-Asset is 0.54. Magnitogorsk Iron & Steel Works PJSC's value of 0.73 is 35.2% above this benchmark. 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 Steel company?
The median Equity-to-Asset among Steel companies is 0.54, based on 632 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. Magnitogorsk Iron & Steel Works PJSC's current Equity-to-Asset of 0.73 is 35.2% above 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 Magnitogorsk Iron & Steel Works PJSC and its competitors. For the Steel industry, the median Equity-to-Asset is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Magnitogorsk Iron & Steel Works PJSC's current Equity-to-Asset is 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnitogorsk Iron & Steel Works PJSC stock overvalued right now?
Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) has a current Equity-to-Asset of 0.73. The current Equity-to-Asset is 0.73 and 35.2% above the Steel industry median of 0.54. Magnitogorsk Iron & Steel Works PJSC's overall GF Score™ is 17/100. 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 Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN), the current Equity-to-Asset is 0.73 as of Dec. 2023. 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.
Magnitogorsk Iron & Steel Works PJSC is a steel producer in Russia. The company's output includes a broad range of steel products with a portion being high-value-added. In Russia, the company operates a large steel-producing complex encompassing the entire production chain from iron-ore processing to downstream production of rolled steel. The company sells the majority of its metal products in Russia. The company's financial results are divided into three segments: the Russian steel segment; the Turkish steel segment; and the coal segment. The steel segment accounts for the vast majority of the company's revenue.
17GF Score
Get the complete analysis for MIC:MAGN
Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIC:MAGN has been successfully added to your 
