Snam SpA (MIL:SRG) Equity-to-Asset : 0.34 (As of Sep. 2023)

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What is Snam SpA Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Snam SpA's Total Stockholders Equity for the quarter that ended in Sep. 2023 was €7,974 Mil. Snam SpA's Total Assets for the quarter that ended in Sep. 2023 was €23,316 Mil. Therefore, Snam SpA's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.34.

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

MIL:SRG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.25 Med: 0.28 Max: 0.36
Current: 0.34

During the past 13 years, the highest Equity to Asset Ratio of Snam SpA was 0.36. The lowest was 0.25. And the median was 0.28.

MIL:SRG's Equity-to-Asset is ranked worse than
57.77% of 521 companies
in the Utilities - Regulated industry
Industry Median: 0.38 vs MIL:SRG: 0.34

Snam SpA Equity-to-Asset Historical Data

The historical data trend for Snam SpA'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.

Snam SpA Equity-to-Asset Chart

Snam SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.26

0.25

0.27

0.34

Snam SpA 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	Get a 7-Day Free Trial															0.34	0.34	0.25	0.34	-

Competitive Comparison of Snam SpA's Equity-to-Asset

For the Utilities - Regulated Gas subindustry, Snam SpA'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.

Snam SpA's Equity-to-Asset Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Snam SpA's Equity-to-Asset distribution charts can be found below:

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

Snam SpA 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.

Snam SpA'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
	=	7468	/	22098
	=	0.34

Snam SpA'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
	=	7974	/	23316
	=	0.34

Snam SpA (MIL:SRG) 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%.

Snam SpA Equity-to-Asset Related Terms

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

Snam SpA (MIL:SRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Snam SpA (MIL:SRG) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

SNMRY:USA SRGm:UK 0NQP:UK SNM:Germany SRG:Austria

Address

Piazza Santa Barbara, 7, San Donato Milanese, Milan, ITA, 20097

Website

https://www.snam.it

Snam operates a network of about 38,000 kilometers of natural gas pipelines in Italy and abroad. It also holds 17.1% of European gas storage capacity and 6.5 billion cubic meters of LNG regasification capacity. Snam is investing in hydrogen, biofuels, carbon capture and storage, and energy efficiencies to prepare for the energy transition. Snam became independent from Eni in 2012 after the latter sold its stake to Cassa Depositi e Prestiti, a financial institution controlled by the Ministry of Economy and Finance.