PSC Insurance Group (ASX:PSI) Equity-to-Asset : 0.43 (As of Dec. 2023)

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What is PSC Insurance Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. PSC Insurance Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$471.2 Mil. PSC Insurance Group's Total Assets for the quarter that ended in Dec. 2023 was A$1,093.3 Mil.

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

ASX:PSI' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.13 Med: 0.22 Max: 0.43
Current: 0.43

During the past 8 years, the highest Equity to Asset Ratio of PSC Insurance Group was 0.43. The lowest was 0.13. And the median was 0.22.

ASX:PSI's Equity-to-Asset is ranked better than
81.05% of 496 companies
in the Insurance industry
Industry Median: 0.24 vs ASX:PSI: 0.43

PSC Insurance Group Equity-to-Asset Historical Data

The historical data trend for PSC Insurance 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.

* Premium members only.

PSC Insurance Group Equity-to-Asset Chart

PSC Insurance Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Equity-to-Asset

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0.20

0.37

0.39

0.42

PSC Insurance Group Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial												0.27	0.42	0.29	0.42	0.43

Competitive Comparison of PSC Insurance Group's Equity-to-Asset

For the Insurance Brokers subindustry, PSC Insurance 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.

PSC Insurance Group's Equity-to-Asset Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, PSC Insurance Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where PSC Insurance Group's Equity-to-Asset falls into.

PSC Insurance 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.

PSC Insurance Group's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	453.663	/	1080.465
	=	0.42

PSC Insurance Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	471.233	/	1093.312
	=

PSC Insurance Group (ASX:PSI) 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%.

PSC Insurance Group Equity-to-Asset Related Terms

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

PSC Insurance Group (ASX:PSI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PSC Insurance Group Ltd (ASX:PSI) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

96 Wellington Parade, Level 4, East Melbourne, Melbourne, VIC, AUS, 3002

Website

https://www.pscinsurancegroup.com.au

PSC Insurance Group is an insurance intermediary which owns broker and underwriting businesses in Australia, New Zealand and the U.K. It also runs the third largest broker network in Australia, allowing independent brokers to access support services for a fee. PSC Insurance derives most of its revenue from commissions (from insurers, ultimately paid for by PSC's customers) based on gross written premium. Broker GWP is split between small to medium enterprises (45%), and corporates (55%). The U.K. business spans retail and wholesale broking, underwriting agencies, and managing agents which have the authority to underwrite on behalf of insurers.