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Sterling Consolidated (Sterling Consolidated) Equity-to-Asset : 0.29 (As of Sep. 2022)


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What is Sterling Consolidated Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Sterling Consolidated's Total Stockholders Equity for the quarter that ended in Sep. 2022 was $2.44 Mil. Sterling Consolidated's Total Assets for the quarter that ended in Sep. 2022 was $8.45 Mil. Therefore, Sterling Consolidated's Equity to Asset Ratio for the quarter that ended in Sep. 2022 was 0.29.

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

STCC's Equity-to-Asset is not ranked *
in the Chemicals industry.
Industry Median: 0.59
* Ranked among companies with meaningful Equity-to-Asset only.

Sterling Consolidated Equity-to-Asset Historical Data

The historical data trend for Sterling Consolidated'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.

Sterling Consolidated Equity-to-Asset Chart

Sterling Consolidated Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.13 0.14 0.22 0.23 0.35

Sterling Consolidated Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.36 0.35 0.33 0.30 0.29

Competitive Comparison of Sterling Consolidated's Equity-to-Asset

For the Specialty Chemicals subindustry, Sterling Consolidated'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.


Sterling Consolidated's Equity-to-Asset Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sterling Consolidated's Equity-to-Asset distribution charts can be found below:

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



Sterling Consolidated 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.

Sterling Consolidated's Equity to Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Equity to Asset (A: Dec. 2021 )=Total Stockholders Equity/Total Assets
=2.338/6.763
=0.35

Sterling Consolidated's Equity to Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

Equity to Asset (Q: Sep. 2022 )=Total Stockholders Equity/Total Assets
=2.439/8.451
=0.29

* 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.


Sterling Consolidated  (OTCPK:STCC) 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%.


Sterling Consolidated Equity-to-Asset Related Terms

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


Sterling Consolidated (Sterling Consolidated) Business Description

Traded in Other Exchanges
N/A
Address
1105 Green Grove Road, Neptune, NJ, USA, 07753
Sterling Consolidated Corp is engaged in the distribution and sale of O-rings used for sealing purposes. It also distributes rubber seals, oil seals, custom molded rubber parts, custom Teflon parts, Teflon rods, O-ring cord, bonded seals, O-ring kits, and stuffing box sealantsbna. These are used in different industries such as automotive, pump, transmissions, oil and energy, machinery, and packaging. It is mainly used as seals to prevent leakage of liquids or air. The company generates most of its revenues through the sale of O-rings and rubber seal products in the US.
Executives
Darren Derosa director, 10 percent owner, officer: Chief Executive Officer 1105 GREEN GROVE ROAD, NEPTUNE NJ 07753