Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Spire's Total Stockholders Equity for the quarter that ended in Sep. 2021 was $2,658.20 Mil. Spire's Total Assets for the quarter that ended in Sep. 2021 was $9,356.40 Mil.
Therefore, Spire's Equity to Asset Ratio for the quarter that ended in Sep. 2021 was 0.28.
The historical rank and industry rank for Spire's Equity-to-Asset or its related term are showing as below:
NYSE:SRpA.PFD'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.25 Med: 0.3 Max: 0.36
Current: 0.28
0.25
-
0.36
During the past 13 years, the highest Equity to Asset Ratio of Spire was 0.36. The lowest was 0.25. And the median was 0.30.
NYSE:SRpA.PFD's Equity-to-Asset is ranked lower than
69% of the 536
Companies
in the Utilities - Regulated industry.
( Industry Median: 0.37
vs. NYSE:SRpA.PFD: 0.28
)
Spire Equity-to-Asset Historical Data
The historical data trend for Spire'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.
Spire Annual Data
Trend
Sep12
Sep13
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Equity-to-Asset
0.30
0.33
0.33
0.31
0.28
Spire Quarterly Data
Dec16
Mar17
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Equity-to-Asset
0.31
0.30
0.31
0.30
0.28
Competitive Comparison
For the Utilities - Regulated Gas subindustry, Spire'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.
Spire Equity-to-Asset Distribution
For the Utilities - Regulated industry and Utilities sector, Spire's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Spire's Equity-to-Asset falls into.
Spire 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.
Spire's Equity to Asset Ratio for the fiscal year that ended in Sep. 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.
Spire (NYSE:SRpA.PFD) 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%.
Spire Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Spire's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Spire Inc is a public utility holding company with two key business segments: Gas Utility and Gas Marketing. The Gas Utility segment includes the regulated operations of Laclede Gas, Alabama Gas Corporation (Alagasco), and EnergySouth Inc. The Utilities businesses operations include the purchase, retail, distribution, and sale of natural gas in Missouri, Alabama, and Mississippi. The Gas Utility segment generates a majority of the company's revenue but is subject to seasonal fluctuations. The Gas Marketing segment includes Laclede Energy Resources, Inc, whose operations include the marketing of natural gas and related activities on a non-regulated basis.
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