Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Conrad Industries's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $83.06 Mil. Conrad Industries's Total Assets for the quarter that ended in Sep. 2023 was $150.06 Mil.
Therefore, Conrad Industries's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.55.
The historical rank and industry rank for Conrad Industries's Equity-to-Asset or its related term are showing as below:
CNRD'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.55 Med: 0.71 Max: 0.76
Current: 0.55
During the past 13 years, the highest Equity to Asset Ratio of Conrad Industries was 0.76. The lowest was 0.55. And the median was 0.71.
CNRD's Equity-to-Asset is ranked better than 64.42% of 312
companies
in the Aerospace & Defense industry
Industry Median: 0.445
vs CNRD: 0.55
Conrad Industries Equity-to-Asset Historical Data
The historical data trend for Conrad Industries'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 Conrad Industries's Equity-to-Asset
For the Aerospace & Defense subindustry, Conrad Industries'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.
Conrad Industries's Equity-to-Asset Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Conrad Industries's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Conrad Industries's Equity-to-Asset falls into.
Conrad Industries 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.
Conrad Industries's Equity to Asset Ratio for the fiscal year that ended in Dec. 2018 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.
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%.
Conrad Industries Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Conrad Industries's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Conrad Industries (Conrad Industries) Business Description
Conrad Industries Inc is engaged in the construction, repair, and conversion of steel and aluminum marine vessels for commercial and governmental customers. The business activity of the firm is operated through Vessel Construction and Repair and Conversions segments. It generates maximum revenue from the Vessel Construction segment. The Vessel Construction segment involves the building of a new vessel, often including engineering and design. The Repair and Conversions segment comprises work on an existing vessel.
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