Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Aurora Innovation's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,985.00 Mil. Aurora Innovation's Total Assets for the quarter that ended in Dec. 2023 was $2,235.00 Mil.
The historical rank and industry rank for Aurora Innovation's Equity-to-Asset or its related term are showing as below:
AUR'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.45 Med: 0.89 Max: 0.91
Current: 0.89
During the past 5 years, the highest Equity to Asset Ratio of Aurora Innovation was 0.91. The lowest was -0.45. And the median was 0.89.
AUR's Equity-to-Asset is ranked better than 94.65% of 2841
companies
in the Software industry
Industry Median: 0.55
vs AUR: 0.89
Aurora Innovation Equity-to-Asset Historical Data
The historical data trend for Aurora Innovation'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 Aurora Innovation's Equity-to-Asset
For the Information Technology Services subindustry, Aurora Innovation'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.
Aurora Innovation's Equity-to-Asset Distribution in the Software Industry
For the Software industry and Technology sector, Aurora Innovation's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Aurora Innovation's Equity-to-Asset falls into.
Aurora Innovation 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.
Aurora Innovation'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%.
Aurora Innovation Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Aurora Innovation's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Aurora Innovation (Aurora Innovation) Business Description
Aurora Innovation Inc is engaged in delivering self-driving technology safely, quickly, and broadly. The company designs and develops the Aurora Driver, which is the hardware, software, and data services that allow vehicles to drive themselves. Its flagship product, the Aurora Driver, is a platform that brings together software, hardware, and data services, to autonomously operate passenger vehicles, light commercial vehicles, and heavy-duty trucks. The company has partnered with industries across the transportation ecosystem including Toyota, Volvo, PACCAR, Uber, Uber Freight, FedEx, and U.S. Xpress. The company tests its vehicles in the Bay Area, Pittsburgh, and Texas and has offices in those areas as well as in Bozeman, MT; Seattle, WA; Louisville, CO; and Detroit, MI.
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