PAL (Proficient Auto Logistics) Equity-to-Asset : 0.69 (As of Jun. 2024)

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What is Proficient Auto Logistics Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Proficient Auto Logistics's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $318.23 Mil. Proficient Auto Logistics's Total Assets for the quarter that ended in Jun. 2024 was $458.65 Mil. Therefore, Proficient Auto Logistics's Equity to Asset Ratio for the quarter that ended in Jun. 2024 was 0.69.

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

PAL' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.02 Med: 0.69 Max: 0.7
Current: 0.69

During the past 1 years, the highest Equity to Asset Ratio of Proficient Auto Logistics was 0.70. The lowest was 0.02. And the median was 0.69.

PAL's Equity-to-Asset is ranked better than
80.53% of 976 companies
in the Transportation industry
Industry Median: 0.49 vs PAL: 0.69

Proficient Auto Logistics Equity-to-Asset Historical Data

The historical data trend for Proficient Auto Logistics'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.

Proficient Auto Logistics Equity-to-Asset Chart

Proficient Auto Logistics Annual Data

Trend

Dec23

Equity-to-Asset

0.70

Proficient Auto Logistics Quarterly Data
	Mar23	Jun23	Dec23	Mar24	Jun24
Equity-to-Asset	-	-	0.70	0.02	0.69

Competitive Comparison of Proficient Auto Logistics's Equity-to-Asset

For the Integrated Freight & Logistics subindustry, Proficient Auto Logistics'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.

Proficient Auto Logistics's Equity-to-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Proficient Auto Logistics's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Proficient Auto Logistics's Equity-to-Asset falls into.

Proficient Auto Logistics 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.

Proficient Auto Logistics's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	299.761	/	430.677
	=

Proficient Auto Logistics's Equity to Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

Equity to Asset (Q: Jun. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	318.227	/	458.648
	=	0.69

Proficient Auto Logistics (NAS:PAL) 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%.

Proficient Auto Logistics Equity-to-Asset Related Terms

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Proficient Auto Logistics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Proficient Auto Logistics Inc (NAS:PAL) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

12276 San Jose Boulevard, Suite 426, Jacksonville, FL, USA, 32223

Website

https://www.proautogistics.com

Proficient Auto Logistics Inc is a non-union, specialized freight company focused on providing auto transportation and logistics services. The company operates auto transportation fleets in North America based upon information obtained from the Auto Haulers Association of America, utilizing auto transport vehicles and trailers daily, including Company-owned transport vehicles and trailers. The reportable segments of the company are Truckload and Brokerage. The company derives maximum revenue from the brokerage segment that retains the customer relationship, including billing and collection, and outsources the transportation of the loads to third-party carriers.