Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Trinet Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $78 Mil. Trinet Group's Total Assets for the quarter that ended in Dec. 2023 was $3,693 Mil.
Therefore, Trinet Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.02.
The historical rank and industry rank for Trinet Group's Equity-to-Asset or its related term are showing as below:
TNET'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.01 Med: 0.12 Max: 0.27
Current: 0.02
During the past 13 years, the highest Equity to Asset Ratio of Trinet Group was 0.27. The lowest was -0.01. And the median was 0.12.
TNET's Equity-to-Asset is ranked worse than 94.51% of 1092
companies
in the Business Services industry
Industry Median: 0.49
vs TNET: 0.02
Trinet Group Equity-to-Asset Historical Data
The historical data trend for Trinet Group'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 Trinet Group's Equity-to-Asset
For the Staffing & Employment Services subindustry, Trinet Group'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.
Trinet Group's Equity-to-Asset Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Trinet Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Trinet Group's Equity-to-Asset falls into.
Trinet Group 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.
Trinet Group'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.
Trinet Group (NYSE:TNET) 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%.
Trinet Group Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Trinet Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
TriNet offers outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients' employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&D tax credit services.
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