Toromont Industries (Toromont Industries) Equity-to-Asset : 0.59 (As of Dec. 2023)

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What is Toromont Industries Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Toromont Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,000 Mil. Toromont Industries's Total Assets for the quarter that ended in Dec. 2023 was $3,408 Mil. Therefore, Toromont Industries's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.59.

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

TMTNF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.39 Med: 0.55 Max: 0.64
Current: 0.59

During the past 13 years, the highest Equity to Asset Ratio of Toromont Industries was 0.64. The lowest was 0.39. And the median was 0.55.

TMTNF's Equity-to-Asset is ranked better than
68.71% of 147 companies
in the Industrial Distribution industry
Industry Median: 0.48 vs TMTNF: 0.59

Toromont Industries Equity-to-Asset Historical Data

The historical data trend for Toromont 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.

Toromont Industries Equity-to-Asset Chart

Toromont Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.46

0.51

0.55

0.56

0.59

Toromont 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															0.56	0.59	0.59	0.60	0.59

Competitive Comparison of Toromont Industries's Equity-to-Asset

For the Industrial Distribution subindustry, Toromont 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.

Toromont Industries's Equity-to-Asset Distribution in the Industrial Distribution Industry

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

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

Toromont 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.

Toromont Industries'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
	=	2000.486	/	3407.757
	=	0.59

Toromont 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
	=	2000.486	/	3407.757
	=	0.59

Toromont Industries (OTCPK:TMTNF) 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%.

Toromont Industries Equity-to-Asset Related Terms

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

Toromont Industries (Toromont Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Toromont Industries Ltd (OTCPK:TMTNF) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

14T:Germany TIH:Canada

Address

3131 Highway 7 West, P.O. Box 5511, Concord, ON, CAN, L4K 1B7

Website

https://www.toromont.com

Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group includes a Caterpillar dealership and rental operation of construction equipment. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems. The company operates majorly in Canada and derives a smaller portion of sales from the United States of America.