Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Empire Petroleum's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $34.96 Mil. Empire Petroleum's Total Assets for the quarter that ended in Dec. 2023 was $92.62 Mil.
Therefore, Empire Petroleum's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.38.
The historical rank and industry rank for Empire Petroleum's Equity-to-Asset or its related term are showing as below:
EP'
s Equity-to-Asset Range Over the Past 10 Years
Min: -1.64 Med: 0.33 Max: 0.96
Current: 0.38
During the past 13 years, the highest Equity to Asset Ratio of Empire Petroleum was 0.96. The lowest was -1.64. And the median was 0.33.
EP's Equity-to-Asset is ranked worse than 65.72% of 1088
companies
in the Oil & Gas industry
Industry Median: 0.51
vs EP: 0.38
Empire Petroleum Equity-to-Asset Historical Data
The historical data trend for Empire Petroleum'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 Empire Petroleum's Equity-to-Asset
For the Oil & Gas E&P subindustry, Empire Petroleum'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.
Empire Petroleum's Equity-to-Asset Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Empire Petroleum's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Empire Petroleum's Equity-to-Asset falls into.
Empire Petroleum 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.
Empire Petroleum'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.
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%.
Empire Petroleum Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Empire Petroleum's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Empire Petroleum (Empire Petroleum) Business Description
Empire Petroleum Corp is engaged in the exploration and development of oil and natural gas in the United States. All of the company's producing properties are located in Louisiana, Texas, North Dakota, and New Mexico. It generates revenue from Oil and Gas sales.
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