ADNOC Gas (ADX:ADNOCGAS) Equity-to-Asset : 0.77 (As of Dec. 2023)

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What is ADNOC Gas Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. ADNOC Gas's Total Stockholders Equity for the quarter that ended in Dec. 2023 was د.إ81,878 Mil. ADNOC Gas's Total Assets for the quarter that ended in Dec. 2023 was د.إ106,587 Mil. Therefore, ADNOC Gas's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.77.

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

ADX:ADNOCGAS' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.77 Med: 0.87 Max: 0.89
Current: 0.77

During the past 3 years, the highest Equity to Asset Ratio of ADNOC Gas was 0.89. The lowest was 0.77. And the median was 0.87.

ADX:ADNOCGAS's Equity-to-Asset is ranked better than
81.04% of 1092 companies
in the Oil & Gas industry
Industry Median: 0.5 vs ADX:ADNOCGAS: 0.77

ADNOC Gas Equity-to-Asset Historical Data

The historical data trend for ADNOC Gas'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.

ADNOC Gas Equity-to-Asset Chart

ADNOC Gas Annual Data

Trend

Dec20

Dec21

Dec23

Equity-to-Asset

0.89

0.87

0.77

ADNOC Gas Semi-Annual Data
	Dec20	Dec21	Dec23
Equity-to-Asset	0.89	0.87	0.77

Competitive Comparison of ADNOC Gas's Equity-to-Asset

For the Oil & Gas Integrated subindustry, ADNOC Gas'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.

ADNOC Gas's Equity-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, ADNOC Gas's Equity-to-Asset distribution charts can be found below:

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

ADNOC Gas 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.

ADNOC Gas'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
	=	81878.439	/	106587.4
	=	0.77

ADNOC Gas'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
	=	81878.439	/	106587.4
	=	0.77

ADNOC Gas (ADX:ADNOCGAS) 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%.

ADNOC Gas Equity-to-Asset Related Terms

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

ADNOC Gas (ADX:ADNOCGAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ADNOC Gas PLC (ADX:ADNOCGAS) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corniche Road West, P.O. Box 898, Abu Dhabi, ARE

Website

https://www.adnoc.ae

ADNOC Gas PLC is an integrated gas processing company. It is responsible for operations, maintenance, and marketing across ADNOC's downstream gas processing, liquified natural gas (LNG), and industrial gases businesses.

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