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Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Electro Rent's Total Liabilities for the quarter that ended in Feb. 2016 was $62.1 Mil. Electro Rent's Total Assets for the quarter that ended in Feb. 2016 was $287.2 Mil. Therefore, Electro Rent's Liabilities-to-Assets Ratio for the quarter that ended in Feb. 2016 was 0.22.
The historical data trend for Electro Rent's Liabilities-to-Assets 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.
Electro Rent Annual Data | |||||||||||||||||||||
Trend | May06 | May07 | May08 | May09 | May10 | May11 | May12 | May13 | May14 | May15 | |||||||||||
Liabilities-to-Assets | Get a 7-Day Free Trial |
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0.21 | 0.25 | 0.28 | 0.24 | 0.24 |
Electro Rent Quarterly Data | ||||||||||||||||||||
May11 | Aug11 | Nov11 | Feb12 | May12 | Aug12 | Nov12 | Feb13 | May13 | Aug13 | Nov13 | Feb14 | May14 | Aug14 | Nov14 | Feb15 | May15 | Aug15 | Nov15 | Feb16 | |
Liabilities-to-Assets | Get a 7-Day Free Trial |
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0.24 | 0.24 | 0.22 | 0.20 | 0.22 |
For the Rental & Leasing Services subindustry, Electro Rent's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.
For the Business Services industry and Industrials sector, Electro Rent's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Electro Rent's Liabilities-to-Assets falls into.
Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.
Electro Rent's Liabilities-to-Assets Ratio for the fiscal year that ended in May. 2015 is calculated as:
Liabilities-to-Assets (A: May. 2015 ) | = | Total Liabilities | / | Total Assets |
= | 72.336 | / | 300.314 | |
= | 0.24 |
Electro Rent's Liabilities-to-Assets Ratio for the quarter that ended in Feb. 2016 is calculated as
Liabilities-to-Assets (Q: Feb. 2016 ) | = | Total Liabilities | / | Total Assets |
= | 62.07 | / | 287.169 | |
= | 0.22 |
* 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.
Electro Rent (NAS:ELRC) Liabilities-to-Assets Explanation
Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.
Thank you for viewing the detailed overview of Electro Rent's Liabilities-to-Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
James S Pignatelli | director | 2300 E SLINGSHOT WAY, KAMAS UT 84036 |
Theodore E Guth | director | 6060 SEPULVEDA BOULEVARD, VAN NUYS CA 91411 |
Joseph J Kearns | director | C/O ELECTRO RENT CORP, 6060 SEPULVEDA BLVD, VAN NUYS CA 91411 |
Platinum Equity Llc | 10 percent owner | 360 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210 |
Tom Gores | 10 percent owner | C/O PLATINUM EQUITY, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210 |
Platinum Equity Investment Holdings Iii, Llc | 10 percent owner | C/O PLATINUM EQUITY ADVISORS, LLC, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210 |
Platinum Equity Partners Iii, Llc | 10 percent owner | C/O PLATINUM EQUITY ADVISORS, LLC, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210 |
S Lee Kling | director | 1401 S BRENTWOOD BLVD, ST LOUIS MO 63144 |
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