Equity to Asset ratio is calculated as total stockholders equity divided by total asset. voestalpine AG's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €7,493 Mil. voestalpine AG's Total Assets for the quarter that ended in Dec. 2023 was €16,607 Mil.
Therefore, voestalpine AG's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.45.
The historical rank and industry rank for voestalpine AG's Equity-to-Asset or its related term are showing as below:
WBO:VOE'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.36 Med: 0.4 Max: 0.45
Current: 0.45
During the past 13 years, the highest Equity to Asset Ratio of voestalpine AG was 0.45. The lowest was 0.36. And the median was 0.40.
WBO:VOE's Equity-to-Asset is ranked worse than 63.29% of 632
companies
in the Steel industry
Industry Median: 0.54
vs WBO:VOE: 0.45
voestalpine AG Equity-to-Asset Historical Data
The historical data trend for voestalpine AG'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 voestalpine AG's Equity-to-Asset
For the Steel subindustry, voestalpine AG'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.
voestalpine AG's Equity-to-Asset Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, voestalpine AG's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where voestalpine AG's Equity-to-Asset falls into.
voestalpine AG 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.
voestalpine AG's Equity to Asset Ratio for the fiscal year that ended in Mar. 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.
voestalpine AG (WBO:VOE) 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%.
voestalpine AG Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of voestalpine AG's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
voestalpine AG is an Austria-based holding company engaged in the manufacturing, processing and development of steel products. The company is divided into four divisions. The Steel Division is involved in the production of steel products and the casting of large turbines. The High-Performance metals Division provides metals for the automotive, consumer goods, power generation, energy and aviation sectors. The Metal Engineering division produces rails, turnout systems, track-based monitoring systems, specially treated wire and others. The Metal Forming Division provides customized special and precision sections, as well as solutions for systems in the construction, cab construction for commercial vehicles, and aviation sectors. The company generates its revenue from the European Union.
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