Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Geospace Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $146.3 Mil. Geospace Technologies's Total Assets for the quarter that ended in Dec. 2023 was $167.4 Mil.
Therefore, Geospace Technologies's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.87.
The historical rank and industry rank for Geospace Technologies's Equity-to-Asset or its related term are showing as below:
GEOS'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.84 Med: 0.9 Max: 0.97
Current: 0.87
During the past 13 years, the highest Equity to Asset Ratio of Geospace Technologies was 0.97. The lowest was 0.84. And the median was 0.90.
GEOS's Equity-to-Asset is ranked better than 90.81% of 1088
companies
in the Oil & Gas industry
Industry Median: 0.51
vs GEOS: 0.87
Geospace Technologies Equity-to-Asset Historical Data
The historical data trend for Geospace Technologies'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 Oil & Gas Equipment & Services subindustry, Geospace Technologies'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.
Geospace Technologies Equity-to-Asset Distribution
For the Oil & Gas industry and Energy sector, Geospace Technologies's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Geospace Technologies's Equity-to-Asset falls into.
Geospace Technologies 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.
Geospace Technologies's Equity to Asset Ratio for the fiscal year that ended in Sep. 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%.
Geospace Technologies Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Geospace Technologies's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Geospace Technologies (Geospace Technologies) Business Description
Geospace Technologies Corp is engaged in designing and manufacturing of seismic instruments and non-seismic equipment used in the oil and gas industry. The company has three different segments: oil and gas markets, adjacent markets, and emerging markets. The oil and gas markets segment, which accounts for the majority of the company's revenue, includes traditional exploration products, wireless exploration products, and reservoir characterization products and services. The adjacent markets business is closely tied to the oil and gas markets and includes imaging products and industrial products. The company operates globally across Asia, Canada, Europe, South America and others with more than half of revenue generated within the United States.
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