Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Summit Materials's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,307 Mil. Summit Materials's Total Assets for the quarter that ended in Dec. 2023 was $5,150 Mil.
Therefore, Summit Materials's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.45.
The historical rank and industry rank for Summit Materials's Equity-to-Asset or its related term are showing as below:
SUM'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.17 Med: 0.35 Max: 0.47
Current: 0.45
During the past 13 years, the highest Equity to Asset Ratio of Summit Materials was 0.47. The lowest was 0.17. And the median was 0.35.
SUM's Equity-to-Asset is ranked worse than 67.77% of 391
companies
in the Building Materials industry
Industry Median: 0.53
vs SUM: 0.45
Summit Materials Equity-to-Asset Historical Data
The historical data trend for Summit Materials'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 Summit Materials's Equity-to-Asset
For the Building Materials subindustry, Summit Materials'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.
Summit Materials's Equity-to-Asset Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, Summit Materials's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Summit Materials's Equity-to-Asset falls into.
Summit Materials 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.
Summit Materials'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%.
Summit Materials Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Summit Materials's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Summit Materials (Summit Materials) Business Description
Summit Materials Inc is an aggregates supplier and cement producer in the United States. The company sells products that include aggregates, which it supplies across the United States, and in British Columbia, Canada, and cement, which it supplies to surrounding states along the Mississippi River from Minnesota to Louisiana. In addition to supplying aggregates to customers, the company uses a portion of its materials internally to produce ready-mix concrete and asphalt paving mix, which may be sold externally or used in its paving and related services businesses. The company operates in 22 U.S. states and in British Columbia, Canada and has assets in 21 U.S. states and in British Columbia, Canada through their platforms.
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