Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Resideo Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,749 Mil. Resideo Technologies's Total Assets for the quarter that ended in Dec. 2023 was $6,645 Mil.
Therefore, Resideo Technologies's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.41.
The historical rank and industry rank for Resideo Technologies's Equity-to-Asset or its related term are showing as below:
REZI'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.31 Med: 0.39 Max: 0.67
Current: 0.41
During the past 9 years, the highest Equity to Asset Ratio of Resideo Technologies was 0.67. The lowest was 0.31. And the median was 0.39.
REZI's Equity-to-Asset is ranked worse than 62.14% of 1091
companies
in the Business Services industry
Industry Median: 0.49
vs REZI: 0.41
Resideo Technologies Equity-to-Asset Historical Data
The historical data trend for Resideo 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 Resideo Technologies's Equity-to-Asset
For the Security & Protection Services subindustry, Resideo 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.
Resideo Technologies's Equity-to-Asset Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Resideo Technologies's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Resideo Technologies's Equity-to-Asset falls into.
Resideo 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.
Resideo 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%.
Resideo Technologies Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Resideo Technologies's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Resideo Technologies (Resideo Technologies) Business Description
Resideo Technologies Inc is a manufacturer and developer of technology-driven products and components that provide critical comfort, energy management, and safety and security solutions. The company has two reportable segments; Products and Solutions segment offers temperature and humidity control, energy products and solutions, water and air solutions, smoke and carbon monoxide detection home safety products, security panels, sensors, peripherals, wire and cable, communications devices, video cameras, other home-related lifestyle convenience solutions, and ADI Global Distribution segment includes wholesale distributor of low-voltage security products including access control, fire detection, security, and video products. It derives a majority of its revenue from the United States.
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