Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Northern Oil & Gas's Total Stockholders Equity for the quarter that ended in Jun. 2022 was $153 Mil. Northern Oil & Gas's Total Assets for the quarter that ended in Jun. 2022 was $2,192 Mil.
Therefore, Northern Oil & Gas's Equity to Asset Ratio for the quarter that ended in Jun. 2022 was 0.07.
The historical rank and industry rank for Northern Oil & Gas's Equity-to-Asset or its related term are showing as below:
NOG'
s Equity-to-Asset Range Over the Past 10 Years
Min: -1.16 Med: 0.37 Max: 1
Current: 0.07
During the past 13 years, the highest Equity to Asset Ratio of Northern Oil & Gas was 1.00. The lowest was -1.16. And the median was 0.37.
NOG's Equity-to-Asset is ranked worse than 88.1% of 1109
companies
in the Oil & Gas industry
Industry Median: 0.47
vs NOG: 0.07
Northern Oil & Gas Equity-to-Asset Historical Data
The historical data trend for Northern Oil & Gas'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.
* Premium members only.
Northern Oil & Gas Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Equity-to-Asset
-0.78
0.29
0.29
-0.26
0.14
Northern Oil & Gas Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Equity-to-Asset
-0.15
-0.13
0.14
-0.02
0.07
Competitive Comparison
For the Oil & Gas E&P subindustry, Northern Oil & Gas'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.
Northern Oil & Gas Equity-to-Asset Distribution
For the Oil & Gas industry and Energy sector, Northern Oil & Gas's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Northern Oil & Gas's Equity-to-Asset falls into.
Northern Oil & Gas 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.
Northern Oil & Gas's Equity to Asset Ratio for the fiscal year that ended in Dec. 2021 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.
Northern Oil & Gas (NYSE:NOG) 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%.
Northern Oil & Gas Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Northern Oil & Gas's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Northern Oil & Gas Inc is an independent energy company engaged in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties. Its principal business is crude oil and natural gas exploration, development, and production with operations in North Dakota and Montana that primarily target the Bakken and Three Forks formations in the Williston Basin of the United States.
My Portfolios
Create New Portfolio
Portfolio Contest
My Gurus
Personalize
Premium Gurus 
0.29(1.01%) Volume: 688,545 4:00PM EDT
Email Alerts
Stock PDF
RSS
Website
Filings
Download
Manual of Stocks™ Web APP
NYSE:NOG has been successfully added to your 
