Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Petronas Gas Bhd's Total Stockholders Equity for the quarter that ended in Dec. 2023 was RM13,555 Mil. Petronas Gas Bhd's Total Assets for the quarter that ended in Dec. 2023 was RM19,319 Mil.
Therefore, Petronas Gas Bhd's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.70.
The historical rank and industry rank for Petronas Gas Bhd's Equity-to-Asset or its related term are showing as below:
XKLS:6033'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.67 Med: 0.7 Max: 0.8
Current: 0.7
During the past 13 years, the highest Equity to Asset Ratio of Petronas Gas Bhd was 0.80. The lowest was 0.67. And the median was 0.70.
XKLS:6033's Equity-to-Asset is ranked better than 89.02% of 519
companies
in the Utilities - Regulated industry
Industry Median: 0.37
vs XKLS:6033: 0.70
Petronas Gas Bhd Equity-to-Asset Historical Data
The historical data trend for Petronas Gas 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.
Competitive Comparison of Petronas Gas Bhd's Equity-to-Asset
For the Utilities - Regulated Gas subindustry, Petronas Gas 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 Gas Bhd's Equity-to-Asset Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Petronas Gas Bhd's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Petronas Gas Bhd's Equity-to-Asset falls into.
Petronas Gas 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 Gas Bhd's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 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.
Petronas Gas Bhd (XKLS:6033) 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 Gas Bhd Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Petronas Gas Bhd's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Petronas Gas Bhd is a Malaysian gas infrastructure and utilities company of which Malaysia's nationalized oil corporation, PETRONAS, holds a majority interest. Petronas Gas segments its primary operations into Gas Processing, Gas Transportation, Utilities, and Regasification businesses. While each of these contributes significantly to the company's total revenue, its Utilities and Gas Processing units combine to generate the majority. In Gas Processing, Petronas Gas receives processing fees under multi-year contracts by processing natural gas piped offshore for its parent company, PETRONAS. The Gas Transportation business encompasses the transmission of offshore natural gas through pipelines to customers in Malaysia and Singapore under multi-year agreements with PETRONAS.
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