Rite Zone Chemcon India (NSE:RITEZONE) Equity-to-Asset : 0.72 (As of Mar. 2024)

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What is Rite Zone Chemcon India Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Rite Zone Chemcon India's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹141.9 Mil. Rite Zone Chemcon India's Total Assets for the quarter that ended in Mar. 2024 was ₹197.1 Mil. Therefore, Rite Zone Chemcon India's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.72.

The historical rank and industry rank for Rite Zone Chemcon India's Equity-to-Asset or its related term are showing as below:

NSE:RITEZONE' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.09 Med: 0.45 Max: 0.72
Current: 0.72

During the past 5 years, the highest Equity to Asset Ratio of Rite Zone Chemcon India was 0.72. The lowest was 0.09. And the median was 0.45.

NSE:RITEZONE's Equity-to-Asset is ranked better than
70.66% of 1568 companies
in the Chemicals industry
Industry Median: 0.59 vs NSE:RITEZONE: 0.72

Rite Zone Chemcon India Equity-to-Asset Historical Data

The historical data trend for Rite Zone Chemcon India'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.

Rite Zone Chemcon India Equity-to-Asset Chart

Rite Zone Chemcon India Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Equity-to-Asset

0.09

0.45

0.68

0.72

Rite Zone Chemcon India Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial			0.45	0.42	0.68	0.73	0.72

Competitive Comparison of Rite Zone Chemcon India's Equity-to-Asset

For the Specialty Chemicals subindustry, Rite Zone Chemcon India'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.

Rite Zone Chemcon India's Equity-to-Asset Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Rite Zone Chemcon India's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Rite Zone Chemcon India's Equity-to-Asset falls into.

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Rite Zone Chemcon India 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.

Rite Zone Chemcon India'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
	=	141.902	/	197.148
	=	0.72

Rite Zone Chemcon India'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
	=	141.902	/	197.148
	=	0.72

Rite Zone Chemcon India (NSE:RITEZONE) 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%.

Rite Zone Chemcon India Equity-to-Asset Related Terms

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

Rite Zone Chemcon India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Rite Zone Chemcon India Ltd (NSE:RITEZONE) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Row House 11, Beverly Park, Row House co-operative housing society Ltd, Mira Road, Thane, MH, IND, 401107

Website

http://www.ritezone.in

Rite Zone Chemcon India Ltd deals in a range of construction chemicals and concrete products. The company offers complete construction solutions by supplying a complete range of various chemical products related to civil construction, infrastructure, building and structure including pre-construction or post construction as well as supplying all types of concrete required for construction and infrastructure developments.

Rite Zone Chemcon India Headlines

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