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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. PetIQ's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $258 Mil. PetIQ's Total Assets for the quarter that ended in Jun. 2024 was $894 Mil. Therefore, PetIQ's Equity to Asset Ratio for the quarter that ended in Jun. 2024 was 0.29.
The historical rank and industry rank for PetIQ's Equity-to-Asset or its related term are showing as below:
During the past 9 years, the highest Equity to Asset Ratio of PetIQ was 0.54. The lowest was 0.26. And the median was 0.33.
The historical data trend for PetIQ'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.
PetIQ Annual Data | |||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
Equity-to-Asset | Get a 7-Day Free Trial | 0.42 | 0.29 | 0.31 | 0.26 | 0.26 |
PetIQ Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Equity-to-Asset | Get a 7-Day Free Trial | 0.26 | 0.28 | 0.26 | 0.27 | 0.29 |
For the Drug Manufacturers - Specialty & Generic subindustry, PetIQ'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.
For the Drug Manufacturers industry and Healthcare sector, PetIQ's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where PetIQ's Equity-to-Asset falls into.
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.
PetIQ'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 |
= | 221.213 | / | 868.226 | |
= | 0.25 |
PetIQ's Equity to Asset Ratio for the quarter that ended in Jun. 2024 is calculated as
Equity to Asset (Q: Jun. 2024 ) | = | Total Stockholders Equity | / | Total Assets |
= | 257.968 | / | 894.393 | |
= | 0.29 |
* 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.
PetIQ (NAS:PETQ) 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%.
Thank you for viewing the detailed overview of PetIQ's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Scott Huff | director | 923. S. BRIDGEWAY PLACE, EAGLE ID 83616 |
William J. Carter | officer: EVP, GENERAL COUNSEL | C/O PETIQ, INC., 230 E. RIVERSIDE DR., EAGLE ID 83616 |
John Paul Pearson | officer: EVP, Services & Manufactured | C/O PETIQ, INC., 230 E. RIVERSIDE DR., EAGLE ID 83616 |
Robert Michael Herrman | officer: General Counsel and Secretary | 923 SOUTH BRIDGEWAY PLACE, EAGLE ID 83616 |
Michael A Smith | officer: EVP - Products | 923 S. BRIDGEWAY PLACE, C/O PETIQ, INC., EAGLE ID 83616 |
Kimberly Lefko | director | 923 S. BRIDGEWAY PLACE, EAGLE ID 83616 |
Sheryl Oloughlin | director | 923 S. BRIDGEWAY PLACE, EAGLE ID 83616 |
Allan Hall | director | C/O PETIQ, INC., 230 E. RIVERSIDE DR., EAGLE ID 83616 |
Zvi Glasman | officer: Chief Financial Officer | C/O FOX FACTORY HOLDING CORP., 915 DISC DRIVE, SCOTTS VALLEY CA 95066 |
Kenneth C. Walker | director | C/O PETIQ, INC., 230 E. RIVERSIDE DR., EAGLE ID 83616 |
Susan Sholtis | director | C/O PETIQ, INC., 500 E. SHORE DRIVE, SUITE 120, EAGLE ID 83616 |
Mccord Christensen | director, officer: Chief Executive Officer | 500 EAST SHORE DRIVE, SUITE 120, EAGLE ID 83616 |
John Newland | officer: Chief Financial Officer | C/O TRUE SCIENCE LLC, 500 E. SHORE DRIVE SUITE 120, EAGLE ID 83616 |
Ronald Kennedy | director, 10 percent owner | 500 EAST SHORE DR, SUITE 120, EAGLE ID 83616 |
Ecp Helios Partners Iv, L.p. | 10 percent owner | 437 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022 |
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