Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Hubbell's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,877 Mil. Hubbell's Total Assets for the quarter that ended in Dec. 2023 was $6,914 Mil.
Therefore, Hubbell's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.42.
The historical rank and industry rank for Hubbell's Equity-to-Asset or its related term are showing as below:
HUBB'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.37 Med: 0.43 Max: 0.58
Current: 0.42
During the past 13 years, the highest Equity to Asset Ratio of Hubbell was 0.58. The lowest was 0.37. And the median was 0.43.
HUBB's Equity-to-Asset is ranked worse than 72.59% of 3024
companies
in the Industrial Products industry
Industry Median: 0.56
vs HUBB: 0.42
Hubbell Equity-to-Asset Historical Data
The historical data trend for Hubbell'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 Electrical Equipment & Parts subindustry, Hubbell'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.
Hubbell Equity-to-Asset Distribution
For the Industrial Products industry and Industrials sector, Hubbell's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Hubbell's Equity-to-Asset falls into.
Hubbell 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.
Hubbell'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.
Hubbell (NYSE:HUBB) 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%.
Hubbell Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Hubbell's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Hubbell is a diversified conglomerate industrial company that mostly competes in the electrical components market. Its products and services serve vital portions of the U.S. electrical supply chain, including transmission and distribution as well as the commercial, industrial, and residential end markets. The company organizes its business into two segments: electrical and power systems. The consolidated business sells about two thirds of its products via distributors, with the remainder sold via direct sales to utilities and contractors. The 2018 acquisition of Aclara, folded into the utility solutions segment, brought Hubbell a portfolio of smart meters and communication sensors that serves electrical, water, and gas utilities.
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