Strathcona Resources (TSX:SCR) Equity-to-Asset : 0.51 (As of Dec. 2023)

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What is Strathcona Resources Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Strathcona Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$5,327 Mil. Strathcona Resources's Total Assets for the quarter that ended in Dec. 2023 was C$10,497 Mil. Therefore, Strathcona Resources's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.51.

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

TSX:SCR' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.46 Med: 0.48 Max: 0.51
Current: 0.51

During the past 2 years, the highest Equity to Asset Ratio of Strathcona Resources was 0.51. The lowest was 0.46. And the median was 0.48.

TSX:SCR's Equity-to-Asset is ranked better than
51.56% of 1092 companies
in the Oil & Gas industry
Industry Median: 0.51 vs TSX:SCR: 0.51

Strathcona Resources Equity-to-Asset Historical Data

The historical data trend for Strathcona Resources'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.

Strathcona Resources Equity-to-Asset Chart

Strathcona Resources Annual Data

Trend

Dec22

Dec23

Equity-to-Asset

0.46

0.51

Strathcona Resources Quarterly Data
	Sep22	Dec22	Sep23	Dec23
Equity-to-Asset	-	0.46	0.60	0.51

Competitive Comparison of Strathcona Resources's Equity-to-Asset

For the Oil & Gas E&P subindustry, Strathcona Resources'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.

Strathcona Resources's Equity-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Strathcona Resources's Equity-to-Asset distribution charts can be found below:

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

Strathcona Resources 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.

Strathcona Resources's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	5327.1	/	10496.9
	=	0.51

Strathcona Resources's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	5327.1	/	10496.9
	=	0.51

Strathcona Resources (TSX:SCR) 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%.

Strathcona Resources Equity-to-Asset Related Terms

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

Strathcona Resources (TSX:SCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Strathcona Resources Ltd (TSX:SCR) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

STHRF:USA YE2:Germany

Address

421 7th Avenue South west, 1900, Calgary, AB, CAN, T2P4K9

Website

https://www.strathconaresources.com

Strathcona Resources Ltd is an energy company, it is a consolidator and developer of oil and gas assets. The company focuses on thermal oil, enhanced oil recovery, and condensate-rich Montney.