Enerflex (TSX:EFX) Equity-to-Asset : 0.36 (As of Dec. 2023)

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What is Enerflex Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Enerflex's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$1,394 Mil. Enerflex's Total Assets for the quarter that ended in Dec. 2023 was C$3,912 Mil. Therefore, Enerflex's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.36.

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

TSX:EFX' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.36 Med: 0.53 Max: 0.64
Current: 0.36

During the past 13 years, the highest Equity to Asset Ratio of Enerflex was 0.64. The lowest was 0.36. And the median was 0.53.

TSX:EFX's Equity-to-Asset is ranked worse than
67.83% of 1088 companies
in the Oil & Gas industry
Industry Median: 0.51 vs TSX:EFX: 0.36

Enerflex Equity-to-Asset Historical Data

The historical data trend for Enerflex'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.

Enerflex Equity-to-Asset Chart

Enerflex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.56

0.64

0.62

0.36

Enerflex 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															0.36	0.36	0.37	0.37	0.36

Competitive Comparison of Enerflex's Equity-to-Asset

For the Oil & Gas Equipment & Services subindustry, Enerflex'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.

Enerflex's Equity-to-Asset Distribution in the Oil & Gas Industry

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

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

Enerflex 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.

Enerflex'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
	=	1394.022	/	3911.98
	=	0.36

Enerflex'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
	=	1394.022	/	3911.98
	=	0.36

Enerflex (TSX:EFX) 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%.

Enerflex Equity-to-Asset Related Terms

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

Enerflex (TSX:EFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enerflex Ltd (TSX:EFX) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

EFXT:USA 7EX:Germany

Address

1331 MacLeod Trail SE, Suite 904, Calgary, AB, CAN, T2G 0K3

Website

https://www.enerflex.com

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company's focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression. Enerflex operates three business segments: the USA, the Rest of the World, and Canada. Each regional business segment has three main product lines: Engineered Systems, After?market Service, and Energy Infrastructure. The USA segment earns the majority of the revenue.