SP New Energy (PHS:SPNEC) Equity-to-Asset : 0.77 (As of Mar. 2024)

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What is SP New Energy Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. SP New Energy's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₱39,382.9 Mil. SP New Energy's Total Assets for the quarter that ended in Mar. 2024 was ₱51,301.2 Mil. Therefore, SP New Energy's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.77.

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

PHS:SPNEC' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.26 Med: 0.69 Max: 0.95
Current: 0.77

During the past 6 years, the highest Equity to Asset Ratio of SP New Energy was 0.95. The lowest was -0.26. And the median was 0.69.

PHS:SPNEC's Equity-to-Asset is ranked better than
87.53% of 441 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.4 vs PHS:SPNEC: 0.77

SP New Energy Equity-to-Asset Historical Data

The historical data trend for SP New Energy'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.

SP New Energy Equity-to-Asset Chart

SP New Energy Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Jun22

Dec23

Equity-to-Asset

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-0.04

-0.26

0.02

0.77

SP New Energy Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial									0.94	0.94	0.58	0.77	0.77

Competitive Comparison of SP New Energy's Equity-to-Asset

For the Utilities - Renewable subindustry, SP New Energy'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.

SP New Energy's Equity-to-Asset Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, SP New Energy's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where SP New Energy's Equity-to-Asset falls into.

SP New Energy 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.

SP New Energy'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
	=	39385.109	/	51182.814
	=	0.77

SP New Energy'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
	=	39382.864	/	51301.233
	=	0.77

SP New Energy (PHS:SPNEC) 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%.

SP New Energy Equity-to-Asset Related Terms

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

SP New Energy (PHS:SPNEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » SP New Energy Corp (PHS:SPNEC) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

112 Legaspi Street, Legaspi Village, Brgy. San Lorenzo, Makati, PHL, 1229

Website

https://www.spnec.ph

SP New Energy Corp is a renewable energy power generation company. The primary purpose is to construct, erect, assemble, commission, operate, and maintain power-generating plants, warehouses, terminals, and related facilities for the conversion of renewable energy into a usable form fit for electricity generation and distribution.

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