Tomra Systems ASA (Tomra Systems ASA) Equity-to-Asset

: 0.40 (As of Dec. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Tomra Systems ASA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $629 Mil. Tomra Systems ASA's Total Assets for the quarter that ended in Dec. 2023 was $1,565 Mil. Therefore, Tomra Systems ASA's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.40.

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

TMRAY' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.4 Med: 0.51 Max: 0.59
Current: 0.4

During the past 13 years, the highest Equity to Asset Ratio of Tomra Systems ASA was 0.59. The lowest was 0.40. And the median was 0.51.

TMRAY's Equity-to-Asset is ranked worse than
55.56% of 243 companies
in the Waste Management industry
Industry Median: 0.43 vs TMRAY: 0.40

Tomra Systems ASA Equity-to-Asset Historical Data

The historical data trend for Tomra Systems ASA'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.

Tomra Systems ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.47

0.50

0.52

0.46

0.40

Tomra Systems ASA 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																0.46	0.46	0.43	0.43	0.40

Competitive Comparison

For the Waste Management subindustry, Tomra Systems ASA'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.

Tomra Systems ASA Equity-to-Asset Distribution

For the Waste Management industry and Industrials sector, Tomra Systems ASA's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Tomra Systems ASA's Equity-to-Asset falls into.

Tomra Systems ASA 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.

Tomra Systems ASA'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
	=	629.24	/	1565.302
	=	0.40

Tomra Systems ASA'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
	=	629.24	/	1565.302
	=	0.40

Tomra Systems ASA (OTCPK:TMRAY) 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%.

Tomra Systems ASA Equity-to-Asset Related Terms

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Tomra Systems ASA (Tomra Systems ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Tomra Systems ASA (OTCPK:TMRAY) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

TMRAF:USA TOMo:Sweden TOM:Norway 0KV7:UK TMRA:Germany

Address

Drengsrudhagen 2, Asker, NOR, 1385

Website

https://www.tomra.com

Tomra Systems ASA provides sorting and recycling solutions to better equip customers for handling waste. It operates two primary business segments: collection solutions (a majority of revenue) and sorting solutions. The company produces, sells, and services automated recycling systems, including data administration systems that monitor the volume of collected materials. It manufactures reverse vending machines to collect empty beverage containers. The empty beverage containers are gathered and processed into reusable molds. Tomra services the machines and provides replacement parts to ensure optimal performance. Food sorting solutions inspect individual pieces and stop resources from going to waste. The majority of revenue comes from customers in Europe, North America and Rest of World.