Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Garanti Faktoring AS's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₺2,013 Mil. Garanti Faktoring AS's Total Assets for the quarter that ended in Mar. 2024 was ₺12,145 Mil.
Therefore, Garanti Faktoring AS's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.17.
The historical rank and industry rank for Garanti Faktoring AS's Equity-to-Asset or its related term are showing as below:
IST:GARFA'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.05 Med: 0.07 Max: 0.17
Current: 0.17
During the past 13 years, the highest Equity to Asset Ratio of Garanti Faktoring AS was 0.17. The lowest was 0.05. And the median was 0.07.
IST:GARFA's Equity-to-Asset is ranked worse than 73.85% of 543
companies
in the Credit Services industry
Industry Median: 0.36
vs IST:GARFA: 0.17
Garanti Faktoring AS Equity-to-Asset Historical Data
The historical data trend for Garanti Faktoring AS'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 Garanti Faktoring AS's Equity-to-Asset
For the Credit Services subindustry, Garanti Faktoring AS'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.
Garanti Faktoring AS's Equity-to-Asset Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Garanti Faktoring AS's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Garanti Faktoring AS's Equity-to-Asset falls into.
Garanti Faktoring AS 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.
Garanti Faktoring AS'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.
Garanti Faktoring AS (IST:GARFA) 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%.
Garanti Faktoring AS Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Garanti Faktoring AS's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Garanti Faktoring AS (IST:GARFA) Business Description
Garanti Faktoring AS is a Turkish company which offers factoring services where time receivables of companies arising out of their domestic and overseas service sales are taken over by Garanti to offer one or more of financing, guarantee and collection services. The company focuses on trade financing and receivable-based financing and provides financing, guarantee and collection products. It offers financing service to customers whose goods/services sales are realized on the account and as check account sales and delivers regular cash flow. The company also affords supplier financing to supplier companies the benefit of payment of their receivables without waiting for maturity, and to buyer companies the benefit of payment due date extension.
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