Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Sumitomo Chemical Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円1,162,268 Mil. Sumitomo Chemical Co's Total Assets for the quarter that ended in Dec. 2023 was 円4,219,651 Mil.
Therefore, Sumitomo Chemical Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.28.
The historical rank and industry rank for Sumitomo Chemical Co's Equity-to-Asset or its related term are showing as below:
TSE:4005'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.23 Med: 0.28 Max: 0.32
Current: 0.28
During the past 13 years, the highest Equity to Asset Ratio of Sumitomo Chemical Co was 0.32. The lowest was 0.23. And the median was 0.28.
TSE:4005's Equity-to-Asset is ranked worse than 90.31% of 1569
companies
in the Chemicals industry
Industry Median: 0.59
vs TSE:4005: 0.28
Sumitomo Chemical Co Equity-to-Asset Historical Data
The historical data trend for Sumitomo Chemical Co'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 Sumitomo Chemical Co's Equity-to-Asset
For the Chemicals subindustry, Sumitomo Chemical Co'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.
Sumitomo Chemical Co's Equity-to-Asset Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Sumitomo Chemical Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Sumitomo Chemical Co's Equity-to-Asset falls into.
Sumitomo Chemical Co 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.
Sumitomo Chemical Co's Equity to Asset Ratio for the fiscal year that ended in Mar. 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.
Sumitomo Chemical Co (TSE:4005) 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%.
Sumitomo Chemical Co Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Sumitomo Chemical Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Sumitomo Chemical Co (TSE:4005) Business Description
Sumitomo Chemical Co Ltd manufactures and sells chemicals and chemical-based products. The firm is organized into six segments by product type. The petrochemicals and plastics segment, which generates more revenue than any other segment, sells multiple products including propylene and polypropylene used in automobile seat cushions and interior panels. The pharmaceutical segment sells medicine to treat diabetes, neurology, cancer, and infectious diseases. The IT-related chemicals segment sells compound semiconductors and polarizing films used in LCD displays for TVs and smartphones. The other three segments are health and crop sciences; energy and functional materials; and "others." The majority of revenue comes from Japan and China.
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