Petronas Chemicals Group Bhd (XKLS:5183) Equity-to-Asset : 0.67 (As of Dec. 2023)

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What is Petronas Chemicals Group Bhd Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Petronas Chemicals Group Bhd's Total Stockholders Equity for the quarter that ended in Dec. 2023 was RM40,415 Mil. Petronas Chemicals Group Bhd's Total Assets for the quarter that ended in Dec. 2023 was RM60,206 Mil. Therefore, Petronas Chemicals Group Bhd's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.67.

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

XKLS:5183' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.67 Med: 0.78 Max: 0.85
Current: 0.67

During the past 13 years, the highest Equity to Asset Ratio of Petronas Chemicals Group Bhd was 0.85. The lowest was 0.67. And the median was 0.78.

XKLS:5183's Equity-to-Asset is ranked better than
63.21% of 1571 companies
in the Chemicals industry
Industry Median: 0.59 vs XKLS:5183: 0.67

Petronas Chemicals Group Bhd Equity-to-Asset Historical Data

The historical data trend for Petronas Chemicals Group 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.

Petronas Chemicals Group Bhd Equity-to-Asset Chart

Petronas Chemicals Group Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.77

0.76

0.75

0.71

0.67

Petronas Chemicals Group Bhd 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															0.71	0.70	0.70	0.68	0.67

Competitive Comparison of Petronas Chemicals Group Bhd's Equity-to-Asset

For the Chemicals subindustry, Petronas Chemicals Group 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.

Petronas Chemicals Group Bhd's Equity-to-Asset Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Petronas Chemicals Group Bhd's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Petronas Chemicals Group Bhd's Equity-to-Asset falls into.

Petronas Chemicals Group 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.

Petronas Chemicals Group Bhd'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
	=	40415	/	60206
	=	0.67

Petronas Chemicals Group Bhd'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
	=	40415	/	60206
	=	0.67

Petronas Chemicals Group Bhd (XKLS:5183) 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%.

Petronas Chemicals Group Bhd Equity-to-Asset Related Terms

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

Petronas Chemicals Group Bhd (XKLS:5183) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Petronas Chemicals Group Bhd (XKLS:5183) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

PECGF:USA

Address

Tower 1, Petronas Twin Towers, Kuala Lumpur City Centre, Kuala Lumpur, SGR, MYS, 50088

Website

http://www.petronaschemicals.com

Petronas Chemicals Group Bhd manufactures and sells a variety of petrochemicals. The firm organizes itself into three segments based on product type: Olefins and Derivatives; Fertilizers and Methanol and Specialties. The Olefins and Derivatives segment, which generates the majority of revenue, sells chemicals used in the production of acrylic acids, antifreeze, printing ink, dyes, gas treating solvents, personal care products, and plastics used in packaging films, wires, cables, and ducting. The Fertilizers and Methanol segment sells chemicals used in gasoline additives, plastic resins, ammonia, and fertilizers. The majority of revenue comes from Malaysia.

Petronas Chemicals Group Bhd (XKLS:5183) Headlines

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