Petrovietnam General Services (STC:PET) Equity-to-Asset : 0.21 (As of Dec. 2023)

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What is Petrovietnam General Services Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Petrovietnam General Services's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₫2,027,178 Mil. Petrovietnam General Services's Total Assets for the quarter that ended in Dec. 2023 was ₫9,479,476 Mil. Therefore, Petrovietnam General Services's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.21.

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

STC:PET' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.21 Med: 0.24 Max: 0.3
Current: 0.21

During the past 13 years, the highest Equity to Asset Ratio of Petrovietnam General Services was 0.30. The lowest was 0.21. And the median was 0.24.

STC:PET's Equity-to-Asset is ranked worse than
82.61% of 1087 companies
in the Oil & Gas industry
Industry Median: 0.51 vs STC:PET: 0.21

Petrovietnam General Services Equity-to-Asset Historical Data

The historical data trend for Petrovietnam General Services'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.

Petrovietnam General Services Equity-to-Asset Chart

Petrovietnam General Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.30

0.24

0.21

Petrovietnam General Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.21	0.19	0.19	0.23	0.21

Competitive Comparison of Petrovietnam General Services's Equity-to-Asset

For the Oil & Gas Refining & Marketing subindustry, Petrovietnam General Services'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.

Petrovietnam General Services's Equity-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Petrovietnam General Services's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Petrovietnam General Services's Equity-to-Asset falls into.

Petrovietnam General Services 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.

Petrovietnam General Services'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
	=	2027177.613	/	9479475.648
	=	0.21

Petrovietnam General Services's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	2027177.613	/	9479475.648
	=	0.21

Petrovietnam General Services (STC:PET) 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%.

Petrovietnam General Services Equity-to-Asset Related Terms

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

Petrovietnam General Services (STC:PET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrovietnam General Services Corp (STC:PET) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 1-5 Le Duan Street 06 Floor, PetroVietNam Building Ben, Nghe District, Ho Chi Minh City, VNM

Website

http://www.petrosetco.com.vn

Petrovietnam General Services Corp is engaged in the distribution of telecom, IT and electronic products, household goods, polypropylene plastic particle, polyester, and LPG. The company is also involved in catering services, supply chain services which include the supply of oilfield materials and equipment, heavy cargo transportation and lifting services, and logistics services, and property services focusing on real estate management, hotel service, and real estate development and investment.