Viva Energy Group (ASX:VEA) Equity-to-Asset : 0.22 (As of Dec. 2023)

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What is Viva Energy Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Viva Energy Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$2,011 Mil. Viva Energy Group's Total Assets for the quarter that ended in Dec. 2023 was A$9,082 Mil. Therefore, Viva Energy Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.22.

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

ASX:VEA' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.22 Med: 0.31 Max: 0.54
Current: 0.22

During the past 6 years, the highest Equity to Asset Ratio of Viva Energy Group was 0.54. The lowest was 0.22. And the median was 0.31.

ASX:VEA's Equity-to-Asset is ranked worse than
81.04% of 1092 companies
in the Oil & Gas industry
Industry Median: 0.5 vs ASX:VEA: 0.22

Viva Energy Group Equity-to-Asset Historical Data

The historical data trend for Viva Energy 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.

* Premium members only.

Viva Energy Group Equity-to-Asset Chart

Viva Energy Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.34

0.32

0.29

0.27

0.22

Viva Energy Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial							0.29	0.27	0.27	0.24	0.22

Competitive Comparison of Viva Energy Group's Equity-to-Asset

For the Oil & Gas Refining & Marketing subindustry, Viva Energy 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.

Viva Energy Group's Equity-to-Asset Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Viva Energy Group's Equity-to-Asset falls into.

Viva Energy 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.

Viva Energy Group'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
	=	2010.6	/	9082.3
	=	0.22

Viva Energy Group'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
	=	2010.6	/	9082.3
	=	0.22

Viva Energy Group (ASX:VEA) 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%.

Viva Energy Group Equity-to-Asset Related Terms

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

Viva Energy Group (ASX:VEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Viva Energy Group Ltd (ASX:VEA) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

2AH:Germany

Address

720 Bourke Street, Level 16, Docklands, Melbourne, VIC, AUS, 3008

Website

https://www.vivaenergy.com.au

Viva is Australia's second-largest vertically integrated refined transport fuel supplier. We rate Viva as the second-most-significant pipeline owner, and at approximately 1,155 locations, Viva supplies the third-largest number of retail sites in Australia behind Ampol at approximately 1,985 and BP at 1,400.Vitol bought Shell's Australian downstream operations in 2014, and renamed them Viva Energy. Viva subsequently bought Shell's Australian aviation operations and a 50% investment in Liberty Oil. In 2016, Viva sold (and leased back) a portfolio of its retail sites to Viva Energy REIT and listed Viva Energy REIT on the ASX. It has since sold its entire REIT stake for AUD 734 million.