Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Reliance Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹7,934,810 Mil. Reliance Industries's Total Assets for the quarter that ended in Mar. 2024 was ₹17,559,860 Mil.
Therefore, Reliance Industries's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.45.
The historical rank and industry rank for Reliance Industries's Equity-to-Asset or its related term are showing as below:
NSE:RELIANCE'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.36 Med: 0.4 Max: 0.53
Current: 0.45
During the past 13 years, the highest Equity to Asset Ratio of Reliance Industries was 0.53. The lowest was 0.36. And the median was 0.40.
NSE:RELIANCE's Equity-to-Asset is ranked worse than 58.33% of 1092
companies
in the Oil & Gas industry
Industry Median: 0.51
vs NSE:RELIANCE: 0.45
Reliance Industries Equity-to-Asset Historical Data
The historical data trend for Reliance Industries'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 Reliance Industries's Equity-to-Asset
For the Oil & Gas Refining & Marketing subindustry, Reliance Industries'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.
Reliance Industries's Equity-to-Asset Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Reliance Industries's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Reliance Industries's Equity-to-Asset falls into.
Reliance Industries 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.
Reliance Industries's Equity to Asset Ratio for the fiscal year that ended in Mar. 2024 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%.
Reliance Industries Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Reliance Industries's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Reliance Industries (NSE:RELIANCE) Business Description
Reliance Industries Ltd is engaged in hydrocarbon exploration and production, refining and marketing, petrochemicals, financial services, retail, and communications. The Group has five principal operating and reporting segments: Oil To Chemicals (O2C), Oil and Gas, Retail, Digital Services and Financial Services. Located in west India, Reliance's refineries produce a range of petroleum products that find use as fuel variants, feedstock, and fuel for power and cement plants. Fuels produced in refineries are exported to several countries and can be processed into any grade of gasoline or diesel. The Oil to Chemicals segment that derives the majority revenue includes Refining, Petrochemicals, fuel retailing through Reliance BP Mobility Limited, aviation fuel, and bulk wholesale marketing.
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