Universal Music Group NV Equity-to-Asset Definition
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Universal Music Group NV's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €2,962 Mil. Universal Music Group NV's Total Assets for the quarter that ended in Dec. 2023 was €13,091 Mil.
Therefore, Universal Music Group NV's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.23.
The historical rank and industry rank for Universal Music Group NV's Equity-to-Asset or its related term are showing as below:
XAMS:UMG'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.14 Med: 0.23 Max: 0.38
Current: 0.23
During the past 7 years, the highest Equity to Asset Ratio of Universal Music Group NV was 0.38. The lowest was 0.14. And the median was 0.23.
XAMS:UMG's Equity-to-Asset is ranked worse than 79.25% of 1060
companies
in the Media - Diversified industry
Industry Median: 0.52
vs XAMS:UMG: 0.23
Universal Music Group NV Equity-to-Asset Historical Data
The historical data trend for Universal Music Group NV'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 Universal Music Group NV's Equity-to-Asset
For the Entertainment subindustry, Universal Music Group NV'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.
Universal Music Group NV Equity-to-Asset Distribution
For the Media - Diversified industry and Communication Services sector, Universal Music Group NV's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Universal Music Group NV's Equity-to-Asset falls into.
Universal Music Group NV 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.
Universal Music Group NV'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.
Universal Music Group NV (XAMS:UMG) 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%.
Universal Music Group NV Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Universal Music Group NV's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Universal Music Group NV (XAMS:UMG) Business Description
Universal Music Group is the largest of the three major global record labels with Sony Music in second and Warner Music in third. Universal's larger segment, recorded music, consists of iconic labels like Interscope, Capitol Music, Decca, EMI, and Motown and popular artists such as Drake, Taylor Swift, J Balvin, and Luke Bryan. Universal Music Publishing Group owns and administers almost 4 million compositions and is the second-largest music publisher behind Sony. Universal Music was spun out of Vivendi in September 2021, with 60% distributed to Vivendi shareholders, 20% to Tencent, 10% to Pershing Square Capital, and 10% remaining at Vivendi.
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