Okeanis Eco Tankers (Okeanis Eco Tankers) Equity-to-Asset : 0.36 (As of Sep. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Okeanis Eco Tankers Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Okeanis Eco Tankers's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $406.2 Mil. Okeanis Eco Tankers's Total Assets for the quarter that ended in Sep. 2023 was $1,142.6 Mil. Therefore, Okeanis Eco Tankers's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.36.

The historical rank and industry rank for Okeanis Eco Tankers's Equity-to-Asset or its related term are showing as below:

ECO' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.31 Med: 0.34 Max: 0.49
Current: 0.36

During the past 5 years, the highest Equity to Asset Ratio of Okeanis Eco Tankers was 0.49. The lowest was 0.31. And the median was 0.34.

ECO's Equity-to-Asset is ranked worse than
66.84% of 980 companies
in the Transportation industry
Industry Median: 0.49 vs ECO: 0.36

Okeanis Eco Tankers Equity-to-Asset Historical Data

The historical data trend for Okeanis Eco Tankers'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.

Okeanis Eco Tankers Equity-to-Asset Chart

Okeanis Eco Tankers Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

0.47

0.31

0.32

0.38

0.36

Okeanis Eco Tankers Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial															0.33	0.36	0.37	0.37	0.36

Competitive Comparison of Okeanis Eco Tankers's Equity-to-Asset

For the Marine Shipping subindustry, Okeanis Eco Tankers'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.

Okeanis Eco Tankers's Equity-to-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Okeanis Eco Tankers's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Okeanis Eco Tankers's Equity-to-Asset falls into.

Okeanis Eco Tankers 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.

Okeanis Eco Tankers's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	422.243	/	1183.355
	=	0.36

Okeanis Eco Tankers'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
	=	406.189	/	1142.638
	=	0.36

Okeanis Eco Tankers (NYSE:ECO) 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%.

Okeanis Eco Tankers Equity-to-Asset Related Terms

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

Okeanis Eco Tankers (Okeanis Eco Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Okeanis Eco Tankers Corp (NYSE:ECO) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

OETo:Sweden OET:Norway OETo:UK 7OK:Germany 7OK:Germany

Address

Ethnarchou Makariou av, & 2 D. Falireos street, Neo Faliro, Piraeus, GRC, 18547

Website

https://www.okeanisecotankers.com

Okeanis Eco Tankers Corp owns and operates tanker vessels in Greece. The business of the company is to own, charter out, and operate tanker vessels. The company owns, through its vessel-owning subsidiaries, a fleet of around seven tanker vessels and has around eight tanker vessels on order. The sailing fleet consists of around six modern Suezmax tankers, and eight VLCC tankers.