Century Textiles & Industries (NSE:CENTURYTEX) Equity-to-Asset : 0.38 (As of Mar. 2024)

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What is Century Textiles & Industries Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Century Textiles & Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹39,791 Mil. Century Textiles & Industries's Total Assets for the quarter that ended in Mar. 2024 was ₹105,102 Mil. Therefore, Century Textiles & Industries's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.38.

The historical rank and industry rank for Century Textiles & Industries's Equity-to-Asset or its related term are showing as below:

NSE:CENTURYTEX' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.22 Med: 0.42 Max: 0.53
Current: 0.38

During the past 13 years, the highest Equity to Asset Ratio of Century Textiles & Industries was 0.53. The lowest was 0.22. And the median was 0.42.

NSE:CENTURYTEX's Equity-to-Asset is ranked worse than
72.11% of 294 companies
in the Forest Products industry
Industry Median: 0.545 vs NSE:CENTURYTEX: 0.38

Century Textiles & Industries Equity-to-Asset Historical Data

The historical data trend for Century Textiles & Industries'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.

Century Textiles & Industries Equity-to-Asset Chart

Century Textiles & Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Equity-to-Asset

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0.52

0.48

0.46

0.38

Century Textiles & Industries 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															0.46	-	0.37	-	0.38

Competitive Comparison of Century Textiles & Industries's Equity-to-Asset

For the Paper & Paper Products subindustry, Century Textiles & Industries'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.

Century Textiles & Industries's Equity-to-Asset Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Century Textiles & Industries's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Century Textiles & Industries's Equity-to-Asset falls into.

Century Textiles & Industries 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.

Century Textiles & Industries'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
	=	39791.3	/	105101.6
	=	0.38

Century Textiles & Industries'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
	=	39791.3	/	105101.6
	=	0.38

Century Textiles & Industries (NSE:CENTURYTEX) 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%.

Century Textiles & Industries Equity-to-Asset Related Terms

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

Century Textiles & Industries (NSE:CENTURYTEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Century Textiles & Industries Ltd (NSE:CENTURYTEX) » Definitions » Equity-to-Asset

Traded in Other Exchanges

500040:India

Address

Dr. Annie Besant Road, Century Bhavan, Worli, Mumbai, MH, IND, 400030

Website

https://www.centurytextind.com

Century Textiles & Industries Ltd is a manufacturer with three main business segments: Textiles, Pulp and Paper, and Real Estate. The textiles division manufactures textiles, including suits, shirts, denim products, and bed linens, and rayon products, including various types of yarns and chemicals used to make textiles, tires, and household products. The Real Estates segment includes leased properties. The pulp and paper segment sells products including writing and printing paper, tissue paper, and paper board. Most of the company's revenue is generated in India. Exports comprise less than 10% of total sales.

Century Textiles & Industries (NSE:CENTURYTEX) Headlines

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