Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Permian Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $6,336 Mil. Permian Resources's Total Assets for the quarter that ended in Dec. 2023 was $14,966 Mil.
Therefore, Permian Resources's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.42.
The historical rank and industry rank for Permian Resources's Equity-to-Asset or its related term are showing as below:
PR'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.35 Med: 0.72 Max: 0.89
Current: 0.42
During the past 10 years, the highest Equity to Asset Ratio of Permian Resources was 0.89. The lowest was 0.35. And the median was 0.72.
PR's Equity-to-Asset is ranked worse than 61.4% of 1088
companies
in the Oil & Gas industry
Industry Median: 0.51
vs PR: 0.42
Permian Resources Equity-to-Asset Historical Data
The historical data trend for Permian 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.
Competitive Comparison of Permian Resources's Equity-to-Asset
For the Oil & Gas E&P subindustry, Permian 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.
Permian Resources's Equity-to-Asset Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Permian Resources's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Permian Resources's Equity-to-Asset falls into.
Permian 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.
Permian Resources'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.
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%.
Permian Resources Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Permian Resources's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Permian Resources (Permian Resources) Business Description
Permian Resources Corp is an independent oil and natural gas company focused on generating outsized returns to stakeholders through the responsible acquisition, optimization and development of oil and liquids-rich natural gas assets.
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