Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Vector Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-742 Mil. Vector Group's Total Assets for the quarter that ended in Dec. 2023 was $934 Mil.
Therefore, Vector Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -0.79.
The historical rank and industry rank for Vector Group's Equity-to-Asset or its related term are showing as below:
VGR'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.97 Med: -0.4 Max: -0.07
Current: -0.79
During the past 13 years, the highest Equity to Asset Ratio of Vector Group was -0.07. The lowest was -0.97. And the median was -0.40.
VGR's Equity-to-Asset is ranked worse than 96.15% of 52
companies
in the Tobacco Products industry
Industry Median: 0.425
vs VGR: -0.79
Vector Group Equity-to-Asset Historical Data
The historical data trend for Vector Group'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 Vector Group's Equity-to-Asset
For the Tobacco subindustry, Vector Group'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.
Vector Group's Equity-to-Asset Distribution in the Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Vector Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Vector Group's Equity-to-Asset falls into.
Vector Group 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.
Vector Group'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.
Vector Group (NYSE:VGR) 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%.
Vector Group Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Vector Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Vector Group Ltd is a holding company whose subsidiaries--Liggett Group, Vector Tobacco, and New Valley-- primarily sell tobacco products and invest in real estate. The Liggett Group and Vector Tobacco subsidiaries sell cigarettes, primarily in the discount segment, in the United States under brand names Eagle 20's, Pyramid, Grand Prix, Liggett Select, and Eve. New Valley, through its majority ownership in Douglas Elliman Realty, invests in real estate worldwide. It also operates the largest residential brokerage company in the New York City area and has additional operations in South Florida, Beverly Hills, Aspen, and Connecticut. Tobacco accounts for more than half of total company revenue; real estate makes up the remainder.
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