Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Power Finance's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹1,011,468 Mil. Power Finance's Total Assets for the quarter that ended in Mar. 2024 was ₹10,388,774 Mil.
Therefore, Power Finance's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.10.
The historical rank and industry rank for Power Finance's Equity-to-Asset or its related term are showing as below:
NSE:PFC'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.07 Med: 0.09 Max: 0.15
Current: 0.1
During the past 13 years, the highest Equity to Asset Ratio of Power Finance was 0.15. The lowest was 0.07. And the median was 0.09.
NSE:PFC's Equity-to-Asset is ranked worse than 87.48% of 543
companies
in the Credit Services industry
Industry Median: 0.38
vs NSE:PFC: 0.10
Power Finance Equity-to-Asset Historical Data
The historical data trend for Power Finance'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.
Competitive Comparison of Power Finance's Equity-to-Asset
For the Credit Services subindustry, Power Finance'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.
Power Finance's Equity-to-Asset Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Power Finance's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Power Finance's Equity-to-Asset falls into.
Power Finance 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.
Power Finance's Equity to Asset Ratio for the fiscal year that ended in Mar. 2024 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.
Power Finance (NSE:PFC) 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%.
Power Finance Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Power Finance's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Power Finance Corp Ltd is a financial institution operating in India and dedicated to financing of the country's power sector and its various projects. The company serves state power utilities, central power sector utilities, power departments, private power sector utilities, joint sector power utilities, power equipment manufacturers, and municipal power utilities. The company's main products include rupee term loans, short-term loans, and a buyer line of credit. Interest income is the company's main source of revenue. The company's strategy emphasizes exploring other areas for sustainable growth, including funding renewable equipment manufacturers, nuclear power projects, and backward linkages to the power sector.
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