Equity to Asset ratio is calculated as total stockholders equity divided by total asset. ONE Gas's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,766 Mil. ONE Gas's Total Assets for the quarter that ended in Dec. 2023 was $7,771 Mil.
Therefore, ONE Gas's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.36.
The historical rank and industry rank for ONE Gas's Equity-to-Asset or its related term are showing as below:
OGS'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.28 Med: 0.37 Max: 0.4
Current: 0.36
During the past 13 years, the highest Equity to Asset Ratio of ONE Gas was 0.40. The lowest was 0.28. And the median was 0.37.
OGS's Equity-to-Asset is ranked worse than 53.36% of 521
companies
in the Utilities - Regulated industry
Industry Median: 0.38
vs OGS: 0.36
ONE Gas Equity-to-Asset Historical Data
The historical data trend for ONE 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.
Competitive Comparison of ONE Gas's Equity-to-Asset
For the Utilities - Regulated Gas subindustry, ONE 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.
ONE Gas's Equity-to-Asset Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, ONE Gas's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where ONE Gas's Equity-to-Asset falls into.
ONE 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.
ONE Gas'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.
ONE Gas (NYSE:OGS) 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%.
ONE Gas Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of ONE Gas's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
ONE Gas Inc is a regulated natural gas utility company. It is involved in the distribution and sale of natural gas to residential, commercial, industrial, and transportation consumers through its network of pipelines and service lines. Almost all of the company's revenue is derived from natural gas sales in the states of Oklahoma, Kansas, and Texas. The company controls considerable market shares in Oklahoma and Kansas and is one of the largest natural gas utilities in the U.S.
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