Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Crane NXT Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $964 Mil. Crane NXT Co's Total Assets for the quarter that ended in Mar. 2024 was $2,099 Mil.
Therefore, Crane NXT Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.46.
The historical rank and industry rank for Crane NXT Co's Equity-to-Asset or its related term are showing as below:
CXT'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.33 Med: 0.41 Max: 0.47
Current: 0.46
During the past 5 years, the highest Equity to Asset Ratio of Crane NXT Co was 0.47. The lowest was 0.33. And the median was 0.41.
CXT's Equity-to-Asset is ranked worse than 65.98% of 3031
companies
in the Industrial Products industry
Industry Median: 0.56
vs CXT: 0.46
Crane NXT Co Equity-to-Asset Historical Data
The historical data trend for Crane NXT Co'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 Crane NXT Co's Equity-to-Asset
For the Specialty Industrial Machinery subindustry, Crane NXT Co'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.
Crane NXT Co's Equity-to-Asset Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Crane NXT Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Crane NXT Co's Equity-to-Asset falls into.
Crane NXT Co 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.
Crane NXT Co'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.
Crane NXT Co (NYSE:CXT) 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%.
Crane NXT Co Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Crane NXT Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Crane NXT Co is a premier industrial technology company that provides proprietary and trusted technology solutions to secure, detect, and authenticate what matters most to its customers. It is a pioneer in advanced, proprietary micro-optics technology for securing physical products, and its sophisticated electronic equipment and associated software leverages proprietary core capabilities with detection and sensing technologies.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
CXT has been successfully added to your 