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Nitiraj Engineers (NSE:NITIRAJ) Equity-to-Asset : 0.88 (As of Sep. 2024)


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What is Nitiraj Engineers Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Nitiraj Engineers's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹765.2 Mil. Nitiraj Engineers's Total Assets for the quarter that ended in Sep. 2024 was ₹870.2 Mil. Therefore, Nitiraj Engineers's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was 0.88.

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

NSE:NITIRAJ' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.7   Med: 0.88   Max: 1.09
Current: 0.88

During the past 13 years, the highest Equity to Asset Ratio of Nitiraj Engineers was 1.09. The lowest was 0.70. And the median was 0.88.

NSE:NITIRAJ's Equity-to-Asset is ranked better than
94.02% of 2473 companies
in the Hardware industry
Industry Median: 0.56 vs NSE:NITIRAJ: 0.88

Nitiraj Engineers Equity-to-Asset Historical Data

The historical data trend for Nitiraj Engineers'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.

Nitiraj Engineers Equity-to-Asset Chart

Nitiraj Engineers Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 0.90 0.88 0.85 0.88

Nitiraj Engineers Quarterly Data
Sep19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.90 - 0.88 - 0.88

Competitive Comparison of Nitiraj Engineers's Equity-to-Asset

For the Scientific & Technical Instruments subindustry, Nitiraj Engineers'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.


Nitiraj Engineers's Equity-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Nitiraj Engineers's Equity-to-Asset distribution charts can be found below:

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



Nitiraj Engineers 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.

Nitiraj Engineers'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
=796.609/905.181
=0.88

Nitiraj Engineers's Equity to Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

Equity to Asset (Q: Sep. 2024 )=Total Stockholders Equity/Total Assets
=765.181/870.188
=0.88

* 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.


Nitiraj Engineers  (NSE:NITIRAJ) 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%.


Nitiraj Engineers Equity-to-Asset Related Terms

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


Nitiraj Engineers Business Description

Traded in Other Exchanges
N/A
Address
Plot NO J25, J26,MIDC Awadhan, Dhule, MH, IND, 424006
Nitiraj Engineers Ltd offers measure and counting devices in India. It operates in five broad segments i.e., Electronic Weighing Scales and Systems, Electronic Currency Counting Machines, and Digital Fare Meters, Home and Hotel Automation, and Mechanical Scales. The company generates maximum revenue from the Electronic Weighing Scales and Systems segment. Its diverse product portfolio caters to various sectors such as industrial, commercial, jewellery, healthcare, household, automobile, and home and hotel. Geographically it derives a majority of its revenue from India.

Nitiraj Engineers Headlines

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