Reetech International Cargourier (BOM:543617) Equity-to-Asset : 0.85 (As of Sep. 2023)

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What is Reetech International Cargourier Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Reetech International Cargourier's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹151.2 Mil. Reetech International Cargourier's Total Assets for the quarter that ended in Sep. 2023 was ₹178.6 Mil. Therefore, Reetech International Cargourier's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.85.

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

BOM:543617' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.42 Med: 0.78 Max: 0.85
Current: 0.85

During the past 4 years, the highest Equity to Asset Ratio of Reetech International Cargourier was 0.85. The lowest was 0.42. And the median was 0.78.

BOM:543617's Equity-to-Asset is ranked better than
91.93% of 632 companies
in the Steel industry
Industry Median: 0.54 vs BOM:543617: 0.85

Reetech International Cargourier Equity-to-Asset Historical Data

The historical data trend for Reetech International Cargourier'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.

Reetech International Cargourier Equity-to-Asset Chart

Reetech International Cargourier Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

0.82

0.42

0.63

0.78

Reetech International Cargourier Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial			0.42	0.63	-	0.78	0.85

Competitive Comparison of Reetech International Cargourier's Equity-to-Asset

For the Coking Coal subindustry, Reetech International Cargourier'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.

Reetech International Cargourier's Equity-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Reetech International Cargourier's Equity-to-Asset distribution charts can be found below:

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

Reetech International Cargourier 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.

Reetech International Cargourier's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	150.098	/	191.715
	=	0.78

Reetech International Cargourier's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	151.205	/	178.633
	=	0.85

Reetech International Cargourier (BOM:543617) 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%.

Reetech International Cargourier Equity-to-Asset Related Terms

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Reetech International Cargourier (BOM:543617) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Reetech International Cargo & Courier Ltd (BOM:543617) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sai Kunj Civil Lines, Raipur, CT, IND, 492001

Website

https://www.reetechinternational.com

Reetech International Cargo And Courier Ltd is a Coal Supplier in India. The company's diversified product portfolio comprises coal from Indonesia, South Africa, Australia and India, among other origins. The company supply the products to customers in various sectors such as Power, Steel, Rolling and other industries. An effective handling and transportation of the orders is facilitated through Road transportation and Railway.

Reetech International Cargourier (BOM:543617) Headlines

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