Magnit PJSC (MIC:MGNT) Equity-to-Asset : 0.17 (As of Jun. 2023)

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What is Magnit PJSC Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Magnit PJSC's Total Stockholders Equity for the quarter that ended in Jun. 2023 was ₽240,397 Mil. Magnit PJSC's Total Assets for the quarter that ended in Jun. 2023 was ₽1,400,140 Mil. Therefore, Magnit PJSC's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was 0.17.

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

MIC:MGNT' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.15 Med: 0.29 Max: 0.5
Current: 0.17

During the past 13 years, the highest Equity to Asset Ratio of Magnit PJSC was 0.50. The lowest was 0.15. And the median was 0.29.

MIC:MGNT's Equity-to-Asset is ranked worse than
85.35% of 314 companies
in the Retail - Defensive industry
Industry Median: 0.4 vs MIC:MGNT: 0.17

Magnit PJSC Equity-to-Asset Historical Data

The historical data trend for Magnit PJSC'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.

Magnit PJSC Equity-to-Asset Chart

Magnit PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

Get a 7-Day Free Trial

0.24

0.20

0.19

0.15

Magnit PJSC Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Equity-to-Asset	Get a 7-Day Free Trial															0.18	0.15	0.17	0.15	0.17

Competitive Comparison of Magnit PJSC's Equity-to-Asset

For the Discount Stores subindustry, Magnit PJSC'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.

Magnit PJSC's Equity-to-Asset Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Magnit PJSC's Equity-to-Asset distribution charts can be found below:

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

Magnit PJSC 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.

Magnit PJSC's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	207382.304	/	1395998.44
	=	0.15

Magnit PJSC's Equity to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

Equity to Asset (Q: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	240397.403	/	1400140.169
	=	0.17

Magnit PJSC (MIC:MGNT) 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%.

Magnit PJSC Equity-to-Asset Related Terms

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

Magnit PJSC (MIC:MGNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Magnit PJSC (MIC:MGNT) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

15/5, Solnechnaya Street, Krasnodar, RUS, 350072

Website

https://www.magnit.com

PJSC Magnit operates in the retail and distribution of consumer goods under the Magnit, the DIXY and the Megamart names. The Group's retail operations are operated through convenience stores, cosmetic stores, supermarkets and other. The Group's business operations are located in the Russian Federation and relate primarily to retail sales of consumer goods. The company operates in about 4,000 localities. The company utilizes a multiformat model, which includes convenience and drogerie stores, supermarkets and pharmacies. Aside from commodity sales, it operates a private-label food production business. The company manages several plants for growing vegetables and the production of dry food and confectionery.