Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Patrick Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,045 Mil. Patrick Industries's Total Assets for the quarter that ended in Dec. 2023 was $2,562 Mil.
Therefore, Patrick Industries's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.41.
The historical rank and industry rank for Patrick Industries's Equity-to-Asset or its related term are showing as below:
PATK'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.29 Med: 0.34 Max: 0.43
Current: 0.41
During the past 13 years, the highest Equity to Asset Ratio of Patrick Industries was 0.43. The lowest was 0.29. And the median was 0.34.
PATK's Equity-to-Asset is ranked worse than 72.77% of 426
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.54
vs PATK: 0.41
Patrick Industries Equity-to-Asset Historical Data
The historical data trend for Patrick 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.
Competitive Comparison of Patrick Industries's Equity-to-Asset
For the Furnishings, Fixtures & Appliances subindustry, Patrick 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.
Patrick Industries's Equity-to-Asset Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Patrick Industries's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Patrick Industries's Equity-to-Asset falls into.
Patrick 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.
Patrick Industries'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.
Patrick Industries (NAS:PATK) 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%.
Patrick Industries Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Patrick Industries's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Patrick Industries (Patrick Industries) Business Description
Patrick Industries Inc makes and sells building products and materials for recreational vehicles and manufactured housing. The company is organized into two segments based on product type: manufacturing and distribution. The manufacturing segment, which generates the majority of revenue, sells laminated and vinyl products that include furniture, shelving, cabinets, bath fixtures, and countertops. The distribution segment sells prefinished wall and ceiling panels, as well as electrical and plumbing products for the RV and manufactured-housing industries. One of the firm's RV customers makes up a significant portion of revenue. Nearly all of Patrick Industries' revenue comes from North America.
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