Mitsubishi Electric (Mitsubishi Electric) Equity-to-Asset

: 0.59 (As of Dec. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Mitsubishi Electric's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $23,646 Mil. Mitsubishi Electric's Total Assets for the quarter that ended in Dec. 2023 was $40,250 Mil. Therefore, Mitsubishi Electric's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.59.

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

MIELY' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.42 Med: 0.55 Max: 0.6
Current: 0.59

During the past 13 years, the highest Equity to Asset Ratio of Mitsubishi Electric was 0.60. The lowest was 0.42. And the median was 0.55.

MIELY's Equity-to-Asset is ranked better than
56.27% of 3023 companies
in the Industrial Products industry
Industry Median: 0.56 vs MIELY: 0.59

Mitsubishi Electric Equity-to-Asset Historical Data

The historical data trend for Mitsubishi Electric'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.

Mitsubishi Electric Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

0.55

0.57

0.58

Mitsubishi Electric Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset																0.58	0.58	0.59	0.60	0.59

Competitive Comparison

For the Electrical Equipment & Parts subindustry, Mitsubishi Electric'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.

Mitsubishi Electric Equity-to-Asset Distribution

For the Industrial Products industry and Industrials sector, Mitsubishi Electric's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Mitsubishi Electric's Equity-to-Asset falls into.

Mitsubishi Electric 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.

Mitsubishi Electric'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
	=	24232.551	/	41765.221
	=	0.58

Mitsubishi Electric's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	23645.614	/	40249.636
	=	0.59

Mitsubishi Electric (OTCPK:MIELY) 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%.

Mitsubishi Electric Equity-to-Asset Related Terms

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Mitsubishi Electric (Mitsubishi Electric) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mitsubishi Electric Corp (OTCPK:MIELY) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

MIELF:USA 6503:Japan MIE1:Germany

Address

Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8310

Website

https://www.mitsubishielectric.com

Mitsubishi Electric is a general electric diversified industrials company that develops, manufactures and sells electrical equipment worldwide. The company's core segments include: industrial automation systems, energy and electric systems, electric devices, information and communication systems, and home appliances (which includes commercial air conditioning). Mitsubishi Electric was founded in 1921 and is headquartered in Tokyo.