Ashapura Logistics (NSE:ASHALOG) Equity-to-Asset : 0.52 (As of Mar. 2024)

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What is Ashapura Logistics Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Ashapura Logistics's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹653 Mil. Ashapura Logistics's Total Assets for the quarter that ended in Mar. 2024 was ₹1,264 Mil. Therefore, Ashapura Logistics's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.52.

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

NSE:ASHALOG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.27 Med: 0.4 Max: 0.52
Current: 0.52

During the past 4 years, the highest Equity to Asset Ratio of Ashapura Logistics was 0.52. The lowest was 0.27. And the median was 0.40.

NSE:ASHALOG's Equity-to-Asset is ranked better than
53.71% of 998 companies
in the Transportation industry
Industry Median: 0.5 vs NSE:ASHALOG: 0.52

Ashapura Logistics Equity-to-Asset Historical Data

The historical data trend for Ashapura Logistics'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.

Ashapura Logistics Equity-to-Asset Chart

Ashapura Logistics Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Equity-to-Asset

0.27

0.33

0.46

0.52

Ashapura Logistics Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Equity-to-Asset	0.27	0.33	0.46	0.52

Competitive Comparison of Ashapura Logistics's Equity-to-Asset

For the Integrated Freight & Logistics subindustry, Ashapura Logistics'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.

Ashapura Logistics's Equity-to-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Ashapura Logistics's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Ashapura Logistics's Equity-to-Asset falls into.

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Ashapura Logistics 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.

Ashapura Logistics's Equity to Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Equity to Asset (A: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	653.231	/	1264.488
	=	0.52

Ashapura Logistics's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	653.231	/	1264.488
	=	0.52

Ashapura Logistics (NSE:ASHALOG) 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%.

Ashapura Logistics Equity-to-Asset Related Terms

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

Ashapura Logistics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ashapura Logistics Ltd (NSE:ASHALOG) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

S.G. Highway, B-902 Shapath Hexa, Opposite High Court, Sola, Ahmedabad, GJ, IND, 380060

Website

https://www.ashapura.in

Ashapura Logistics Ltd is an integrated logistics company in India. It operates in (i) Cargo handling and freight forwarding segment; (ii) Transportation (including project logistics and third-party logistics (3PL)); (iii) Warehousing and Distribution and (iv) other services (including coastal movement). The transportation business generated key revenue for the company.

Ashapura Logistics Headlines

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