Elopak ASA (OSL:ELO) Equity-to-Asset : 0.34 (As of Mar. 2024)

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What is Elopak ASA Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Elopak ASA's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr3,830 Mil. Elopak ASA's Total Assets for the quarter that ended in Mar. 2024 was kr11,315 Mil. Therefore, Elopak ASA's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.34.

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

OSL:ELO' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.2 Med: 0.29 Max: 0.35
Current: 0.34

During the past 6 years, the highest Equity to Asset Ratio of Elopak ASA was 0.35. The lowest was 0.20. And the median was 0.29.

OSL:ELO's Equity-to-Asset is ranked worse than
84.69% of 392 companies
in the Packaging & Containers industry
Industry Median: 0.56 vs OSL:ELO: 0.34

Elopak ASA Equity-to-Asset Historical Data

The historical data trend for Elopak ASA'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.

Elopak ASA Equity-to-Asset Chart

Elopak ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.20

0.25

0.34

0.27

0.32

Elopak ASA Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial														0.29	0.29	0.30	0.32	0.34

Competitive Comparison of Elopak ASA's Equity-to-Asset

For the Packaging & Containers subindustry, Elopak ASA'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.

Elopak ASA's Equity-to-Asset Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Elopak ASA's Equity-to-Asset distribution charts can be found below:

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

Elopak ASA 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.

Elopak ASA's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	3523.212	/	11074.109
	=	0.32

Elopak ASA'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
	=	3830.068	/	11314.575
	=	0.34

Elopak ASA (OSL:ELO) 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%.

Elopak ASA Equity-to-Asset Related Terms

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

Elopak ASA (OSL:ELO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Elopak ASA (OSL:ELO) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

ELPKF:USA ELOo:Sweden 0AB3E:UK 9J7:Germany

Address

Industriveien 30, Spikkestad, NOR, 3430

Website

https://www.elopak.com

Elopak ASA is a supplier of carton packaging and filling equipment. It uses renewable, recyclable, and sustainably sourced materials to provide packaging solutions. The company offers a natural and convenient alternative to plastic bottles and fits within a low carbon circular economy. It generates the majority of its revenue from Cartons and closures, followed by Equipment and services. The company's geographical segments include Germany, the United States, Canada, the Netherlands, Norway. and others.

Elopak ASA (OSL:ELO) Headlines

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