Nobility Homes (Nobility Homes) Equity-to-Asset : 0.80 (As of Jul. 2023)

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What is Nobility Homes Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Nobility Homes's Total Stockholders Equity for the quarter that ended in Jul. 2023 was $50.37 Mil. Nobility Homes's Total Assets for the quarter that ended in Jul. 2023 was $63.06 Mil. Therefore, Nobility Homes's Equity to Asset Ratio for the quarter that ended in Jul. 2023 was 0.80.

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

NOBH' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.71 Med: 0.88 Max: 0.96
Current: 0.8

During the past 13 years, the highest Equity to Asset Ratio of Nobility Homes was 0.96. The lowest was 0.71. And the median was 0.88.

NOBH's Equity-to-Asset is ranked better than
96.19% of 105 companies
in the Homebuilding & Construction industry
Industry Median: 0.52 vs NOBH: 0.80

Nobility Homes Equity-to-Asset Historical Data

The historical data trend for Nobility Homes'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.

Nobility Homes Equity-to-Asset Chart

Nobility Homes Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Equity-to-Asset

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0.86

0.85

0.75

0.77

Nobility Homes Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23
Equity-to-Asset	Get a 7-Day Free Trial															0.74	0.77	0.77	0.78	0.80

Competitive Comparison of Nobility Homes's Equity-to-Asset

For the Residential Construction subindustry, Nobility Homes'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.

Nobility Homes's Equity-to-Asset Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Nobility Homes's Equity-to-Asset distribution charts can be found below:

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

Nobility Homes 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.

Nobility Homes's Equity to Asset Ratio for the fiscal year that ended in Oct. 2022 is calculated as

Equity to Asset (A: Oct. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	47.924	/	62.361
	=	0.77

Nobility Homes's Equity to Asset Ratio for the quarter that ended in Jul. 2023 is calculated as

Equity to Asset (Q: Jul. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	50.374	/	63.057
	=	0.80

Nobility Homes (OTCPK:NOBH) 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%.

Nobility Homes Equity-to-Asset Related Terms

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

Nobility Homes (Nobility Homes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Nobility Homes Inc (OTCPK:NOBH) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3741 South west 7th Street, Ocala, FL, USA, 34474

Website

http://www.nobilityhomes.com

Nobility Homes Inc focuses on designing, manufacturing, and selling manufactured and modular homes through its own retail sales centers across Florida. It also sells its manufactured homes on a wholesale basis to independent manufactured home retail dealers and manufactured home communities. The company's homes are sold as unfurnished dwellings ready for permanent occupancy. The company recognizes revenue from retail sales of new manufactured homes, the sale of the repurchased homes upon transfer of title to the new purchaser, and revenues from its independent dealers.

Executives

Terry Earl Trexler	director, 10 percent owner, officer: President and CEO	P O BOX 240, JACKSONVILLE FL 32201
Terry E. Trexler Revocable Trust	10 percent owner	3741 S.W. 7TH STREET, OCALA FL 34474
Thomas W Trexler	director, officer: Executive Vice President
Terry E. Trexler Irrevocable Trust	10 percent owner	222 SOUTH PENNSYLVANIA AVE., SUITE 200, WINTER PARK FL 32789
Kay Charlton	10 percent owner	222 SOUTH PENNSYLVANIA AVE., SUITE 200, WINTER PARK FL 32789
Lynn J Cramer	officer: Treasurer (Chief Acctg. Off.)
Jean Etheredge	officer: Secretary
Edward C Sims	officer: Vice President