Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Les Gaz Industriels's Total Stockholders Equity for the quarter that ended in Dec. 2023 was MUR251.2 Mil. Les Gaz Industriels's Total Assets for the quarter that ended in Dec. 2023 was MUR333.6 Mil.
Therefore, Les Gaz Industriels's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.75.
The historical rank and industry rank for Les Gaz Industriels's Equity-to-Asset or its related term are showing as below:
XMAU:GIL.I0000'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.66 Med: 0.73 Max: 0.75
Current: 0.75
During the past 13 years, the highest Equity to Asset Ratio of Les Gaz Industriels was 0.75. The lowest was 0.66. And the median was 0.73.
XMAU:GIL.I0000's Equity-to-Asset is ranked better than 74.57% of 1565
companies
in the Chemicals industry
Industry Median: 0.59
vs XMAU:GIL.I0000: 0.75
Les Gaz Industriels Equity-to-Asset Historical Data
The historical data trend for Les Gaz Industriels'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 Les Gaz Industriels's Equity-to-Asset
For the Chemicals subindustry, Les Gaz Industriels'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.
Les Gaz Industriels's Equity-to-Asset Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Les Gaz Industriels's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Les Gaz Industriels's Equity-to-Asset falls into.
Les Gaz Industriels 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.
Les Gaz Industriels's Equity to Asset Ratio for the fiscal year that ended in Jun. 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.
Les Gaz Industriels (XMAU:GIL.I0000) 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%.
Les Gaz Industriels Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Les Gaz Industriels's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Les Gaz Industriels (XMAU:GIL.I0000) Business Description
Les Gaz Industriels Ltd manufactures and distributes medical and industrial gases in bulk and in cylinders as well as gas equipment, personal protective equipment, and welding accessories. Its medical gases include oxygen, air, entonox and nitrous oxide gases that are mainly used in hospitals, clinics, and for medical and surgical treatments; and industrial gases comprise nitrogen, oxygen, carbon dioxide, argon, hydrogen, helium, and acetylene gases, which are used in a range of industries, including oil and gas, petrochemicals, chemicals, power, steelmaking, metals, food and water. Geographically all the operations function through Mauritius. It caters to the domestic market and earns key revenue from international sales of products.
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