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OKANO VALVE MFG Co (TSE:6492) Equity-to-Asset : 0.79 (As of May. 2024)


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What is OKANO VALVE MFG Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. OKANO VALVE MFG Co's Total Stockholders Equity for the quarter that ended in May. 2024 was 円10,617 Mil. OKANO VALVE MFG Co's Total Assets for the quarter that ended in May. 2024 was 円13,500 Mil. Therefore, OKANO VALVE MFG Co's Equity to Asset Ratio for the quarter that ended in May. 2024 was 0.79.

The historical rank and industry rank for OKANO VALVE MFG Co's Equity-to-Asset or its related term are showing as below:

TSE:6492' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.66   Med: 0.76   Max: 0.85
Current: 0.79

During the past 13 years, the highest Equity to Asset Ratio of OKANO VALVE MFG Co was 0.85. The lowest was 0.66. And the median was 0.76.

TSE:6492's Equity-to-Asset is ranked better than
85.14% of 3028 companies
in the Industrial Products industry
Industry Median: 0.56 vs TSE:6492: 0.79

OKANO VALVE MFG Co Equity-to-Asset Historical Data

The historical data trend for OKANO VALVE MFG Co'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.

OKANO VALVE MFG Co Equity-to-Asset Chart

OKANO VALVE MFG Co Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.66 0.70 0.74 0.76 0.79

OKANO VALVE MFG Co Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.78 0.80 0.79 0.81 0.79

Competitive Comparison of OKANO VALVE MFG Co's Equity-to-Asset

For the Specialty Industrial Machinery subindustry, OKANO VALVE MFG Co'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.


OKANO VALVE MFG Co's Equity-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, OKANO VALVE MFG Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where OKANO VALVE MFG Co's Equity-to-Asset falls into.



OKANO VALVE MFG Co 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.

OKANO VALVE MFG Co's Equity to Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Equity to Asset (A: Nov. 2023 )=Total Stockholders Equity/Total Assets
=10010/12707
=0.79

OKANO VALVE MFG Co's Equity to Asset Ratio for the quarter that ended in May. 2024 is calculated as

Equity to Asset (Q: May. 2024 )=Total Stockholders Equity/Total Assets
=10617/13500
=0.79

* 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.


OKANO VALVE MFG Co  (TSE:6492) 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%.


OKANO VALVE MFG Co Equity-to-Asset Related Terms

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OKANO VALVE MFG Co Business Description

Traded in Other Exchanges
N/A
Address
1-14 Nakamachi, Moji-ku, Kitakyusyu, JPN, 800-8601
OKANO VALVE MFG Co Ltd is the diversified industrial equipment and components manufacturer in Japan. The principal business activities of the company are the production of various valves, machinery and equipment. The company offers globe valve, gate valve, check valve, drain valve, lining valve, among others. In addition, it is involved in the various iron and steel casting, forging as well as the sale of its products.

OKANO VALVE MFG Co Headlines

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