Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Essex Property Trust's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $5,423 Mil. Essex Property Trust's Total Assets for the quarter that ended in Dec. 2023 was $12,361 Mil.
Therefore, Essex Property Trust's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.44.
The historical rank and industry rank for Essex Property Trust's Equity-to-Asset or its related term are showing as below:
ESS'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.44 Med: 0.5 Max: 0.52
Current: 0.44
During the past 13 years, the highest Equity to Asset Ratio of Essex Property Trust was 0.52. The lowest was 0.44. And the median was 0.50.
ESS's Equity-to-Asset is ranked worse than 74.51% of 863
companies
in the REITs industry
Industry Median: 0.57
vs ESS: 0.44
Essex Property Trust Equity-to-Asset Historical Data
The historical data trend for Essex Property Trust'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 Essex Property Trust's Equity-to-Asset
For the REIT - Residential subindustry, Essex Property Trust'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.
Essex Property Trust's Equity-to-Asset Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Essex Property Trust's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Essex Property Trust's Equity-to-Asset falls into.
Essex Property Trust 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.
Essex Property Trust'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%.
Essex Property Trust Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Essex Property Trust's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Essex Property Trust (Essex Property Trust) Business Description
Essex Property Trust owns a portfolio of 252 apartment communities with over 62,000 units and is developing another property with 264 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.
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