Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Mirion Technologies's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $1,457.2 Mil. Mirion Technologies's Total Assets for the quarter that ended in Mar. 2024 was $2,648.7 Mil.
Therefore, Mirion Technologies's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.55.
The historical rank and industry rank for Mirion Technologies's Equity-to-Asset or its related term are showing as below:
MIR'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.04 Med: 0.55 Max: 0.96
Current: 0.55
During the past 6 years, the highest Equity to Asset Ratio of Mirion Technologies was 0.96. The lowest was -0.04. And the median was 0.55.
MIR's Equity-to-Asset is ranked worse than 50.56% of 3026
companies
in the Industrial Products industry
Industry Median: 0.56
vs MIR: 0.55
Mirion Technologies Equity-to-Asset Historical Data
The historical data trend for Mirion Technologies'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 Mirion Technologies's Equity-to-Asset
For the Specialty Industrial Machinery subindustry, Mirion Technologies'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.
Mirion Technologies's Equity-to-Asset Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mirion Technologies's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Mirion Technologies's Equity-to-Asset falls into.
Mirion Technologies 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.
Mirion Technologies'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.
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%.
Mirion Technologies Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Mirion Technologies's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Mirion Technologies (Mirion Technologies) Business Description
Mirion Technologies Inc provides products, services, and software that allows customers to safely leverage the power of ionizing radiation for the greater good of humanity through critical applications in the medical, nuclear, defense markets, as well as laboratories, scientific research, analysis and exploration. The Company manages its operations through two segments: Medical and Industrial. The Medical segment provides radiation oncology quality assurance, delivering patient safety solutions for diagnostic imaging and radiation therapy centers. The Industrial segment provides robust, field ready personal radiation detection and identification equipment for defense applications and radiation detection and analysis tools for power plants, labs, and research applications.
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