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Elridge Energy Holdings Bhd (XKLS:0318) Equity-to-Asset : 0.66 (As of Dec. 2024)


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What is Elridge Energy Holdings Bhd Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Elridge Energy Holdings Bhd's Total Stockholders Equity for the quarter that ended in Dec. 2024 was RM174.7 Mil. Elridge Energy Holdings Bhd's Total Assets for the quarter that ended in Dec. 2024 was RM266.4 Mil. Therefore, Elridge Energy Holdings Bhd's Equity to Asset Ratio for the quarter that ended in Dec. 2024 was 0.66.

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

XKLS:0318' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.07   Med: 0.21   Max: 0.66
Current: 0.66

During the past 4 years, the highest Equity to Asset Ratio of Elridge Energy Holdings Bhd was 0.66. The lowest was 0.07. And the median was 0.21.

XKLS:0318's Equity-to-Asset is ranked better than
80.5% of 441 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.41 vs XKLS:0318: 0.66

Elridge Energy Holdings Bhd Equity-to-Asset Historical Data

The historical data trend for Elridge Energy Holdings Bhd'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.

Elridge Energy Holdings Bhd Equity-to-Asset Chart

Elridge Energy Holdings Bhd Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Equity-to-Asset
0.07 0.13 0.28 0.66

Elridge Energy Holdings Bhd Semi-Annual Data
Dec21 Dec22 Dec23 Dec24
Equity-to-Asset 0.07 0.13 0.28 0.66

Competitive Comparison of Elridge Energy Holdings Bhd's Equity-to-Asset

For the Utilities - Renewable subindustry, Elridge Energy Holdings Bhd'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.


Elridge Energy Holdings Bhd's Equity-to-Asset Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Elridge Energy Holdings Bhd's Equity-to-Asset falls into.



Elridge Energy Holdings Bhd 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.

Elridge Energy Holdings Bhd's Equity to Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Equity to Asset (A: Dec. 2024 )=Total Stockholders Equity/Total Assets
=174.699/266.41
=0.66

Elridge Energy Holdings Bhd's Equity to Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

Equity to Asset (Q: Dec. 2024 )=Total Stockholders Equity/Total Assets
=174.699/266.41
=0.66

* 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.


Elridge Energy Holdings Bhd  (XKLS:0318) 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%.


Elridge Energy Holdings Bhd Equity-to-Asset Related Terms

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


Elridge Energy Holdings Bhd Business Description

Traded in Other Exchanges
N/A
Address
61-2, Jalan Radin Tengah, Bandar Baru Sri Petaling, Kuala Lumpur, SGR, MYS, 57000
Elridge Energy Holdings Bhd is principally involved in the manufacturing and trading of biomass fuel products, particularly PKS and wood pellets. Biomass fuel products are energy sources derived from organic materials, that are burned or combusted to generate heat or electricity. PKS is a form of biomass fuel product that is derived from the shell fractions left after oil is extracted from palm kernels. Meanwhile, wood pellets are a form of biomass fuel products produced from sawdust, wood chips, offcut and wood slabs, which are industrial wastes from timber milling.

Elridge Energy Holdings Bhd Headlines

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