Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Fortune Brands Innovations's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,293 Mil. Fortune Brands Innovations's Total Assets for the quarter that ended in Dec. 2023 was $6,565 Mil.
Therefore, Fortune Brands Innovations's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.35.
The historical rank and industry rank for Fortune Brands Innovations's Equity-to-Asset or its related term are showing as below:
FBIN'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.34 Med: 0.39 Max: 0.56
Current: 0.35
During the past 13 years, the highest Equity to Asset Ratio of Fortune Brands Innovations was 0.56. The lowest was 0.34. And the median was 0.39.
FBIN's Equity-to-Asset is ranked worse than 64.5% of 1676
companies
in the Construction industry
Industry Median: 0.44
vs FBIN: 0.35
Fortune Brands Innovations Equity-to-Asset Historical Data
The historical data trend for Fortune Brands Innovations'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.
For the Building Products & Equipment subindustry, Fortune Brands Innovations'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.
Fortune Brands Innovations Equity-to-Asset Distribution
For the Construction industry and Industrials sector, Fortune Brands Innovations's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Fortune Brands Innovations's Equity-to-Asset falls into.
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.
Fortune Brands Innovations'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%.
Fortune Brands Innovations Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Fortune Brands Innovations's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Fortune Brands Innovations (Fortune Brands Innovations) Business Description
Fortune Brands Innovations is a leading home and security products company that operates two segments. The company's $2.6 billion plumbing segment, led by the Moen brand, sells faucets, showers, and other plumbing fixtures, and the $2.2 billion outdoors and security segment sells entry doors under the Therma-Tru brand name, Fiberon-branded patio decking, and locks and other security devices under the Master Lock and SentrySafe brand names.
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