New World Oil & Gas (New World Oil & Gas) Equity-to-Asset : 0.96 (As of Jun. 2016)

New World Oil & Gas Equity-to-Asset Chart

New World Oil & Gas Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16
Equity-to-Asset	Get a 7-Day Free Trial					0.70	0.73	0.62	0.80	0.96

Competitive Comparison of New World Oil & Gas's Equity-to-Asset

For the Oil & Gas E&P subindustry, New World 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.

New World Oil & Gas's Equity-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, New World Oil & Gas's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where New World Oil & Gas's Equity-to-Asset falls into.

New World 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.

New World Oil & Gas's Equity to Asset Ratio for the fiscal year that ended in Dec. 2015 is calculated as

New World Oil & Gas's Equity to Asset Ratio for the quarter that ended in Jun. 2016 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.

New World Oil & Gas  (OTCPK:NOILF) 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%.

New World Oil & Gas Equity-to-Asset Related Terms

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New World Oil & Gas (New World Oil & Gas) Business Description