Newlat Food SpA (MIL:NWL) Equity-to-Asset : 0.19 (As of Dec. 2023)

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What is Newlat Food SpA Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Newlat Food SpA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €158.6 Mil. Newlat Food SpA's Total Assets for the quarter that ended in Dec. 2023 was €816.6 Mil. Therefore, Newlat Food SpA's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.19.

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

MIL:NWL' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.15 Med: 0.27 Max: 0.35
Current: 0.19

During the past 8 years, the highest Equity to Asset Ratio of Newlat Food SpA was 0.35. The lowest was 0.15. And the median was 0.27.

MIL:NWL's Equity-to-Asset is ranked worse than
89.76% of 1924 companies
in the Consumer Packaged Goods industry
Industry Median: 0.54 vs MIL:NWL: 0.19

Newlat Food SpA Equity-to-Asset Historical Data

The historical data trend for Newlat Food SpA'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.

Newlat Food SpA Equity-to-Asset Chart

Newlat Food SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.35

0.27

0.16

0.15

0.19

Newlat Food SpA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial															0.16	0.19	0.20	0.19	-

Competitive Comparison of Newlat Food SpA's Equity-to-Asset

For the Packaged Foods subindustry, Newlat Food SpA'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.

Newlat Food SpA's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Newlat Food SpA's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Newlat Food SpA's Equity-to-Asset falls into.

Newlat Food SpA 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.

Newlat Food SpA's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	158.636	/	816.604
	=	0.19

Newlat Food SpA's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	158.636	/	816.604
	=	0.19

Newlat Food SpA (MIL:NWL) 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%.

Newlat Food SpA Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Newlat Food SpA's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Newlat Food SpA (MIL:NWL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Newlat Food SpA (MIL:NWL) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

6NF:Germany

Address

Via JF Kennedy 16, Reggio Emilia, ITA, 42124

Website

https://www.newlat.it

Newlat Food SpA is an Italy-based agro-food company. It is engaged in the processing, packaging, sale, and distribution of food and beverages. The company has various operating segments which include Pasta, Milk Products, Bakery Products, Dairy Products, Special Products, Instant noodles, and Other activities. The company operates in Italy, Germany, and other countries.