Russel Metals (Russel Metals) Equity-to-Asset : 0.64 (As of Dec. 2023)

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Russel Metals Equity-to-Asset Definition

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Russel Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,222 Mil. Russel Metals's Total Assets for the quarter that ended in Dec. 2023 was $1,916 Mil. Therefore, Russel Metals's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.64.

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

RUSMF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.47 Med: 0.54 Max: 0.64
Current: 0.64

During the past 13 years, the highest Equity to Asset Ratio of Russel Metals was 0.64. The lowest was 0.47. And the median was 0.54.

RUSMF's Equity-to-Asset is ranked better than
78.91% of 147 companies
in the Industrial Distribution industry
Industry Median: 0.48 vs RUSMF: 0.64

Russel Metals Equity-to-Asset Historical Data

The historical data trend for Russel Metals'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.

Russel Metals Equity-to-Asset Chart

Russel Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.49

0.54

0.62

0.64

Russel Metals 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															0.62	0.62	0.61	0.63	0.64

Competitive Comparison of Russel Metals's Equity-to-Asset

For the Industrial Distribution subindustry, Russel Metals'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.

Russel Metals Equity-to-Asset Distribution

For the Industrial Distribution industry and Industrials sector, Russel Metals's Equity-to-Asset distribution charts can be found below:

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

Russel Metals 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.

Russel Metals'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
	=	1222.346	/	1915.698
	=	0.64

Russel Metals'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
	=	1222.346	/	1915.698
	=	0.64

Russel Metals (OTCPK:RUSMF) 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%.

Russel Metals Equity-to-Asset Related Terms

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

Russel Metals (Russel Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Russel Metals Inc (OTCPK:RUSMF) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

RMZ:Germany RUS:Canada

Address

6600 Financial Drive, Mississauga, ON, CAN, L5N 7J6

Website

https://www.russelmetals.com

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users. The energy products segment distributes oil country tubular goods, line pipe, tubes, valves, and fittings, primarily to the energy industry in Western Canada and the U.S. The steel distributors segment acts as master distributors selling steel in large volumes to other steel service centers and equipment manufacturers mainly on an "as is" basis. The company generates all of its revenue from the North American market.