Neste OYJ (Neste OYJ) Equity-to-Asset : 0.47 (As of Mar. 2024)

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What is Neste OYJ Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Neste OYJ's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $8,334 Mil. Neste OYJ's Total Assets for the quarter that ended in Mar. 2024 was $17,857 Mil. Therefore, Neste OYJ's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.47.

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

NTOIY' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.39 Med: 0.53 Max: 0.66
Current: 0.47

During the past 13 years, the highest Equity to Asset Ratio of Neste OYJ was 0.66. The lowest was 0.39. And the median was 0.53.

NTOIY's Equity-to-Asset is ranked worse than
55.46% of 1089 companies
in the Oil & Gas industry
Industry Median: 0.51 vs NTOIY: 0.47

Neste OYJ Equity-to-Asset Historical Data

The historical data trend for Neste OYJ'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.

Neste OYJ Equity-to-Asset Chart

Neste OYJ Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.60

0.56

0.53

Neste OYJ Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial															0.48	0.51	0.49	0.53	0.47

Competitive Comparison of Neste OYJ's Equity-to-Asset

For the Oil & Gas Refining & Marketing subindustry, Neste OYJ'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.

Neste OYJ's Equity-to-Asset Distribution in the Oil & Gas Industry

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

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

Neste OYJ 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.

Neste OYJ's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	9229.008	/	17429.662
	=	0.53

Neste OYJ's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	8333.696	/	17856.522
	=	0.47

Neste OYJ (OTCPK:NTOIY) 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%.

Neste OYJ Equity-to-Asset Related Terms

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

Neste OYJ (Neste OYJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Neste OYJ (OTCPK:NTOIY) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

NTOIF:USA NESTE:Mexico 1NESTE:Italy NESTEh:UK 0O46:UK NESTE:Finland NEF:Germany

Address

Keilaranta 21, P.O. Box 95, Neste, Espoo, FIN, 00095

Website

https://www.neste.com

Neste OYJ Formerly Neste Corp. offers renewable products and solutions and oil products to a host of global markets. Its business is divided into various segments, including oil products, renewable products, marketing and services and others. Oil products is the largest contributor of revenue; it caters to oil companies and businesses that market oil, lubricants, and fuel products. Neste's oil products business includes diesel fuels, gasoline, aviation and marine fuels, and light and heavy fuel oils. Neste is heavily involved in the Baltic region with its network of service stations and refineries.