Altex Industries (Altex Industries) Equity-to-Asset

: 0.48 (As of Dec. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Altex Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1.12 Mil. Altex Industries's Total Assets for the quarter that ended in Dec. 2023 was $2.30 Mil. Therefore, Altex Industries's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.48.

The historical rank and industry rank for Altex Industries's Equity-to-Asset or its related term are showing as below:

ALTX' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.46 Med: 0.55 Max: 0.83
Current: 0.48

During the past 13 years, the highest Equity to Asset Ratio of Altex Industries was 0.83. The lowest was 0.46. And the median was 0.55.

ALTX's Equity-to-Asset is ranked worse than
53.4% of 1088 companies
in the Oil & Gas industry
Industry Median: 0.51 vs ALTX: 0.48

Altex Industries Equity-to-Asset Historical Data

The historical data trend for Altex Industries'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.

Altex Industries Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Equity-to-Asset

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0.54

0.48

0.46

0.53

0.49

Altex Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.50	0.50	0.49	0.49	0.48

Competitive Comparison

For the Oil & Gas E&P subindustry, Altex Industries'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.

Altex Industries Equity-to-Asset Distribution

For the Oil & Gas industry and Energy sector, Altex Industries's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Altex Industries's Equity-to-Asset falls into.

Altex Industries 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.

Altex Industries's Equity to Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Equity to Asset (A: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1.132	/	2.334
	=	0.49

Altex Industries's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1.116	/	2.304
	=	0.48

Altex Industries (OTCPK:ALTX) 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%.

Altex Industries Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Altex Industries's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Altex Industries (Altex Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Altex Industries Inc (OTCPK:ALTX) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

700 Colorado Boulevard, Suite 273, Denver, CO, USA, 80206-4084

Website

https://www.altexinc.com/

Altex Industries Inc is a US-based holding company. Through its wholly-owned subsidiary, it owns interests in productive onshore oil and gas properties, has bought and sold producing oil and gas properties, and has participated in the drilling of exploratory and development wells, and completion of existing wells in Utah and Wyoming. The Company's revenue is from sales of oil and gas production, interest income, and, occasionally, bonus payments for mineral leases.

Executives

Jeffrey S Chernow	director	PO BOX 1057, BRECKENRIDGE CO 80424
Stephen Fante	director	PO BOX 1057, BRECKENRIDGE CO 80424

Altex Industries (Altex Industries) Headlines

From GuruFocus

Altex Industries Stock Is Estimated To Be Significantly Overvalued

By GF Value • 06-17-2021