The historical rank and industry rank for Solar Industries India's Equity-to-Asset or its related term are showing as below:
NSE:SOLARINDS'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.51 Med: 0.54 Max: 0.58
Current: 0.58
During the past 13 years, the highest Equity to Asset Ratio of Solar Industries India was 0.58. The lowest was 0.51. And the median was 0.54.
NSE:SOLARINDS's Equity-to-Asset is ranked worse than 50.83% of 1568
companies
in the Chemicals industry
Industry Median: 0.59
vs NSE:SOLARINDS: 0.58
Solar Industries India Equity-to-Asset Historical Data
The historical data trend for Solar Industries 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.
Competitive Comparison of Solar Industries India's Equity-to-Asset
For the Specialty Chemicals subindustry, Solar Industries 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.
Solar Industries India's Equity-to-Asset Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Solar Industries India's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Solar Industries India's Equity-to-Asset falls into.
Solar Industries 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.
Solar Industries India'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.
Solar Industries India (NSE:SOLARINDS) 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%.
Solar Industries India Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Solar Industries India's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Solar Industries India (NSE:SOLARINDS) Business Description
Solar Industries India Ltd manufactures and sells a variety of explosives and defense products. The company primarily sells bulk and packaged explosives as well as detonation initiating systems to the mining, infrastructure, and construction industries. The firm's defense products include high energy explosives, propellants for delivering missiles and rockets, pyros, bombs, and warheads. Geographically, the group holds its presence in both India and internationally of which Indian region accounts for a majority of revenue.
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