Ratnaveer Precision Engineering (NSE:RATNAVEER) Equity-to-Asset : 0.49 (As of Mar. 2024)

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What is Ratnaveer Precision Engineering Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Ratnaveer Precision Engineering's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹2,521 Mil. Ratnaveer Precision Engineering's Total Assets for the quarter that ended in Mar. 2024 was ₹5,161 Mil. Therefore, Ratnaveer Precision Engineering's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.49.

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

NSE:RATNAVEER' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.21 Med: 0.22 Max: 0.49
Current: 0.49

During the past 5 years, the highest Equity to Asset Ratio of Ratnaveer Precision Engineering was 0.49. The lowest was 0.21. And the median was 0.22.

NSE:RATNAVEER's Equity-to-Asset is ranked worse than
57.41% of 634 companies
in the Steel industry
Industry Median: 0.53 vs NSE:RATNAVEER: 0.49

Ratnaveer Precision Engineering Equity-to-Asset Historical Data

The historical data trend for Ratnaveer Precision Engineering'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.

Ratnaveer Precision Engineering Equity-to-Asset Chart

Ratnaveer Precision Engineering Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Equity-to-Asset

0.21

0.22

0.21

0.27

0.49

Ratnaveer Precision Engineering Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
Equity-to-Asset	0.21	0.22	0.21	0.27	0.49

Competitive Comparison of Ratnaveer Precision Engineering's Equity-to-Asset

For the Steel subindustry, Ratnaveer Precision Engineering'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.

Ratnaveer Precision Engineering's Equity-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ratnaveer Precision Engineering's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Ratnaveer Precision Engineering's Equity-to-Asset falls into.

Ratnaveer Precision Engineering 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.

Ratnaveer Precision Engineering'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
	=	2521.14	/	5160.88
	=	0.49

Ratnaveer Precision Engineering'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
	=	2521.14	/	5160.88
	=	0.49

Ratnaveer Precision Engineering (NSE:RATNAVEER) 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%.

Ratnaveer Precision Engineering Equity-to-Asset Related Terms

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

Ratnaveer Precision Engineering (NSE:RATNAVEER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ratnaveer Precision Engineering Ltd (NSE:RATNAVEER) » Definitions » Equity-to-Asset

Traded in Other Exchanges

543978:India

Address

Plot no. E-77, G.I.D.C, Savli (Manjusar), Vadodara, GJ, IND, 391 775

Website

https://www.ratnaveer.com

Ratnaveer Precision Engineering Ltd is a stainless steel (SS) product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes and tubes. It manufactures finishing sheets, washers and solar mounting hooks at Unit I and SS pipes & tubes at Unit II. Unit III and Unit IV are dedicated to the backward integration process where Unit III is the melting unit where the company melts steel scrap and turns it into steel ingots and Unit IV is the rolling unit where flat ingots are further processed to turn them into sheets which are the raw material for washers.

Ratnaveer Precision Engineering (NSE:RATNAVEER) Headlines

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