Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Japan Tobacco's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円3,830,156 Mil. Japan Tobacco's Total Assets for the quarter that ended in Dec. 2023 was 円7,282,097 Mil.
Therefore, Japan Tobacco's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.53.
The historical rank and industry rank for Japan Tobacco's Equity-to-Asset or its related term are showing as below:
TSE:2914'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.47 Med: 0.52 Max: 0.54
Current: 0.53
During the past 13 years, the highest Equity to Asset Ratio of Japan Tobacco was 0.54. The lowest was 0.47. And the median was 0.52.
TSE:2914's Equity-to-Asset is ranked better than 60.38% of 53
companies
in the Tobacco Products industry
Industry Median: 0.41
vs TSE:2914: 0.53
Japan Tobacco Equity-to-Asset Historical Data
The historical data trend for Japan Tobacco'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 Japan Tobacco's Equity-to-Asset
For the Tobacco subindustry, Japan Tobacco'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.
Japan Tobacco's Equity-to-Asset Distribution in the Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Japan Tobacco's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Japan Tobacco's Equity-to-Asset falls into.
Japan Tobacco 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.
Japan Tobacco'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.
Japan Tobacco (TSE:2914) 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%.
Japan Tobacco Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Japan Tobacco's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Japan Tobacco is the third-largest tobacco company globally. It owns a rich brand portfolio including Winston (non-U.S.), Camel (non-U.S.), and Mevius, and holds leading shares in many core markets including Japan, Russia, and the U.K. It has added Logic as a vaping brand and Ploom heated tobacco lines into its reduced-risk-product portfolio. The tobacco business contributes 90% of group sales and nearly all profits, with more than half generated by the overseas tobacco operations. JTI was created through the acquisition of R.J. Reynolds' non-U.S. operations in 1999 and further expanded through multiple acquisitions, of which the purchase of Gallaher in 2007 was the most notable, doubling JTI's sales. Pharmaceutical and processed food operations are the other businesses.
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