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CascadesTSX:CAS +0.67%62 Equity-to-Asset is 0.37 as of Mar. 2026, which is 12% above its 10-year median of 0.33. GuruFocus rates TSX:CAS with a GF Score™ of 62/100 and a GF Value™ of C$221.49 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 404 Packaging & Containers companies, Cascades ranks worse than 79.95% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Cascades's Total Stockholders Equity for the quarter that ended in Mar. 2026 was C$1,757 Mil. Cascades's Total Assets for the quarter that ended in Mar. 2026 was C$4,742 Mil.
Therefore, Cascades's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.37.
The historical rank and industry rank for Cascades's Equity-to-Asset or its related term are showing as below:
TSX:CAS'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.25 Med: 0.33 Max: 0.41
Current: 0.37
During the past 13 years, the highest Equity to Asset Ratio of Cascades was 0.41. The lowest was 0.25. And the median was 0.33.
TSX:CAS's Equity-to-Asset is ranked worse than 79.95% of 404
companies
in the Packaging & Containers industry
Industry Median: 0.56
vs TSX:CAS: 0.37
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%.
Cascades Equity-to-Asset Related Terms
Cascades Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Cascades'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.
TSX:CAS vs SW, PKG, IP: Equity-to-Asset Comparison
For the Packaging & Containers subindustry, Cascades'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.
Cascades Equity-to-Asset vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Cascades's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Cascades'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.
Cascades's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Cascades (TSX:CAS) has a Equity-to-Asset of 0.37 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Cascades and its competitors. This is 12% above median its historical median of 0.33. Over the past decade, Cascades' Equity-to-Asset has ranged from 0.25 to 0.41. According to the industry distribution chart, Cascades ranks #323 out of 404 companies in the Packaging & Containers industry, placing it in the top 80%.
Is Cascades' Equity-to-Asset too high?
Cascades' current Equity-to-Asset of 0.37 is 12% above median its 10-year median of 0.33. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 0.41. The Packaging & Containers industry median Equity-to-Asset is 0.56. Cascades' value of 0.37 is 33.9% below this industry median. Based on the distribution chart, Cascades ranks #323 out of 404 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, Cascades has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Cascades' Equity-to-Asset compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Cascades ranks #323 out of 404 companies for Equity-to-Asset. This places Cascades in the lower half of its industry. The industry median Equity-to-Asset is 0.56. Cascades' value of 0.37 is 33.9% below this benchmark. Historically, Cascades' own Equity-to-Asset has ranged from 0.25 to 0.41 over the past decade. While the company's 10-year median is 0.33 vs. the industry median of 0.56, Cascades has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Packaging & Containers company?
The median Equity-to-Asset among Packaging & Containers companies is 0.56, based on 404 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cascades's current Equity-to-Asset of 0.37 is 33.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Cascades and its competitors. For the Packaging & Containers industry, the median Equity-to-Asset is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cascades's current Equity-to-Asset is 0.37, which is 12% above median its own 10-year median of 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cascades stock overvalued right now?
Based on GuruFocus' analysis, Cascades (TSX:CAS) is currently considered Possible Value Trap. The stock's GF Value™ is C$221.49, compared to a current price of C$13.47 — trading 93.9% below its estimated fair value. The current Equity-to-Asset is 0.37, which is 12% above median its 10-year median of 0.33 and 33.9% below the Packaging & Containers industry median of 0.56. Cascades' overall GF Score™ is 62/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Cascades (TSX:CAS), the current Equity-to-Asset is 0.37 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Cascades (TSX:CAS) Overvalued in 2026?
Based on GuruFocus' analysis, Cascades stock appears to be undervalued.
The current stock price of C$13.47 is trading 93.9% below its estimated GF Value™ of C$221.49.
GuruFocus considers Cascades to be Possible Value Trap.
Key valuation signals for TSX:CAS:
Equity-to-Asset: 0.37 (12% above median its 10-year median of 0.33)
GF Value™: C$221.49 vs. price of C$13.47 (93.9% below fair value)
Industry Position: 33.9% below the Packaging & Containers median (#323 of 404)
No single metric tells the full story. See the TSX:CAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cascades Inc is a paper and packaging company that produces, converts, and sells packaging and tissue products composed predominantly of recycled fibres. Its customer base includes food processing companies, the maintenance industry, the accommodations and housing industry, micro-businesses, and boutiques. The products are marketed through brands such as Cascades Fresh, Cascades Protect, Cascades IMGN, Cascades PRO, and Cascades Fluff & Tuff, among others. The company is organized into two main business segments: Packaging Products and Tissue Papers. A majority of its revenue is generated from the Packaging Product segment. Geographically, the company generates the majority of its revenue from the operations located in Canada.
62GF Score
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