Equity to Asset ratio is calculated as total stockholders equity divided by total asset. American Noble Gas's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-4.60 Mil. American Noble Gas's Total Assets for the quarter that ended in Sep. 2023 was $1.35 Mil.
Therefore, American Noble Gas's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was -3.41.
The historical rank and industry rank for American Noble Gas's Equity-to-Asset or its related term are showing as below:
AMNI'
s Equity-to-Asset Range Over the Past 10 Years
Min: -15738 Med: -45.39 Max: -0.21
Current: -3.41
During the past 13 years, the highest Equity to Asset Ratio of American Noble Gas was -0.21. The lowest was -15738.00. And the median was -45.39.
AMNI's Equity-to-Asset is ranked worse than 97.61% of 1088
companies
in the Oil & Gas industry
Industry Median: 0.51
vs AMNI: -3.41
American Noble Gas Equity-to-Asset Historical Data
The historical data trend for American Noble Gas'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 American Noble Gas's Equity-to-Asset
For the Oil & Gas E&P subindustry, American Noble Gas'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.
American Noble Gas's Equity-to-Asset Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, American Noble Gas's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where American Noble Gas's Equity-to-Asset falls into.
American Noble Gas 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.
American Noble Gas's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 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.
American Noble Gas (OTCPK:AMNI) 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%.
American Noble Gas Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of American Noble Gas's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
American Noble Gas (American Noble Gas) Business Description
American Noble Gas Inc is active in the energy sector. It has conducted an environmental study and developed geological information from the reprocessing and additional evaluation of existing three-dimensional (3-D) seismic data in the Perlas and Tyra concession blocks.
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