Sure Global Tech Co (SAU:9550) Equity-to-Asset : 0.74 (As of Dec. 2023)

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What is Sure Global Tech Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Sure Global Tech Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ﷼114.5 Mil. Sure Global Tech Co's Total Assets for the quarter that ended in Dec. 2023 was ﷼155.6 Mil. Therefore, Sure Global Tech Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.74.

The historical rank and industry rank for Sure Global Tech Co's Equity-to-Asset or its related term are showing as below:

SAU:9550' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.73 Med: 0.73 Max: 0.74
Current: 0.74

During the past 3 years, the highest Equity to Asset Ratio of Sure Global Tech Co was 0.74. The lowest was 0.73. And the median was 0.73.

SAU:9550's Equity-to-Asset is ranked better than
77.01% of 2853 companies
in the Software industry
Industry Median: 0.55 vs SAU:9550: 0.74

Sure Global Tech Co Equity-to-Asset Historical Data

The historical data trend for Sure Global Tech Co'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.

Sure Global Tech Co Equity-to-Asset Chart

Sure Global Tech Co Annual Data

Trend

Dec21

Dec22

Dec23

Equity-to-Asset

0.73

0.74

Sure Global Tech Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	0.73	-	0.73	0.70	0.74

Competitive Comparison of Sure Global Tech Co's Equity-to-Asset

For the Information Technology Services subindustry, Sure Global Tech Co'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.

Sure Global Tech Co's Equity-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Sure Global Tech Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Sure Global Tech Co's Equity-to-Asset falls into.

Sure Global Tech Co 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.

Sure Global Tech Co'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
	=	114.47	/	155.56
	=	0.74

Sure Global Tech Co'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
	=	114.47	/	155.56
	=	0.74

Sure Global Tech Co (SAU:9550) 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%.

Sure Global Tech Co Equity-to-Asset Related Terms

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

Sure Global Tech Co (SAU:9550) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sure Global Tech Co (SAU:9550) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Imam Saud bin Abdulaziz bin Mohammed Road, P.O. Box 301334, Riyadh, SAU, 12281

Website

https://www.sure.com.sa

Sure Global Tech Co provides technological and consultative solutions for public and private organizations. It provides services of software development, infrastructure, support, and operation along with digital transformation consultations and other SME-oriented products. The group's operational segments include Infrastructure, Managed services, Professional services, and products. The majority of its revenue derives from infrastructure services that include the sale of licenses and devices.

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