Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Bridgford Foods's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $130.8 Mil. Bridgford Foods's Total Assets for the quarter that ended in Jan. 2024 was $166.8 Mil.
Therefore, Bridgford Foods's Equity to Asset Ratio for the quarter that ended in Jan. 2024 was 0.78.
The historical rank and industry rank for Bridgford Foods's Equity-to-Asset or its related term are showing as below:
BRID'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.43 Med: 0.49 Max: 0.78
Current: 0.78
During the past 13 years, the highest Equity to Asset Ratio of Bridgford Foods was 0.78. The lowest was 0.43. And the median was 0.49.
BRID's Equity-to-Asset is ranked better than 83.85% of 1919
companies
in the Consumer Packaged Goods industry
Industry Median: 0.54
vs BRID: 0.78
Bridgford Foods Equity-to-Asset Historical Data
The historical data trend for Bridgford Foods'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 Bridgford Foods's Equity-to-Asset
For the Packaged Foods subindustry, Bridgford Foods'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.
Bridgford Foods's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Bridgford Foods's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Bridgford Foods's Equity-to-Asset falls into.
Bridgford Foods 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.
Bridgford Foods's Equity to Asset Ratio for the fiscal year that ended in Oct. 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%.
Bridgford Foods Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Bridgford Foods's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Bridgford Foods (Bridgford Foods) Business Description
Bridgford Foods Corp manufactures, markets, and distributes frozen and snack food products in the United States. The business segments are processing and distribution of frozen products, and processing and distribution of snack food products. It includes products such as biscuits, bread dough items, roll dough items, dry sausage products, and beef jerky. The company offers frozen food products to the foodservice and retail customers through wholesalers, cooperatives, and distributors; and snack food items to supermarkets, and mass merchandise and convenience retail stores through customer-owned distribution centers, as well as a direct store delivery network. It derives a majority of its revenue from snack food products.
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