What is National Presto Industries Equity-to-Asset?
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. National Presto Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $356.3 Mil. National Presto Industries's Total Assets for the quarter that ended in Dec. 2023 was $440.5 Mil.
Therefore, National Presto Industries's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.81.
The historical rank and industry rank for National Presto Industries's Equity-to-Asset or its related term are showing as below:
NPK'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.81 Med: 0.87 Max: 0.9
Current: 0.81
During the past 13 years, the highest Equity to Asset Ratio of National Presto Industries was 0.90. The lowest was 0.81. And the median was 0.87.
NPK's Equity-to-Asset is ranked better than 89.74% of 312
companies
in the Aerospace & Defense industry
Industry Median: 0.45
vs NPK: 0.81
National Presto Industries Equity-to-Asset Historical Data
The historical data trend for National Presto Industries'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 National Presto Industries's Equity-to-Asset
For the Aerospace & Defense subindustry, National Presto Industries'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.
National Presto Industries's Equity-to-Asset Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, National Presto Industries's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where National Presto Industries's Equity-to-Asset falls into.
National Presto Industries 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.
National Presto Industries'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.
National Presto Industries (NYSE:NPK) 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%.
National Presto Industries Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of National Presto Industries's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
National Presto Industries (National Presto Industries) Business Description
National Presto Industries Inc has an eclectic product portfolio consisting of household appliances, ammunition, and diapers. The company operates in three segments viz Defense, Housewares/Small Appliance, and Safety. The majority of the revenue is earned from the defense segment which is engaged in manufacturing 40mm ammunition, precision mechanical and electro-mechanical assemblies, and medium caliber cartridge cases; performs Load, Assemble, and Pack (LAP) operations on ordnance-related products for the U.S. Government and prime contractor. While Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances; the safety segment provides safety technology empowering organizations and individuals to protect what is more important.
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