Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Abacus Life's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $163.93 Mil. Abacus Life's Total Assets for the quarter that ended in Dec. 2023 was $331.83 Mil.
Therefore, Abacus Life's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.49.
The historical rank and industry rank for Abacus Life's Equity-to-Asset or its related term are showing as below:
ABL'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.02 Med: 0.48 Max: 0.56
Current: 0.49
During the past 4 years, the highest Equity to Asset Ratio of Abacus Life was 0.56. The lowest was 0.02. And the median was 0.48.
ABL's Equity-to-Asset is ranked better than 85.34% of 491
companies
in the Insurance industry
Industry Median: 0.24
vs ABL: 0.49
Abacus Life Equity-to-Asset Historical Data
The historical data trend for Abacus Life'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 Abacus Life's Equity-to-Asset
For the Insurance - Life subindustry, Abacus Life'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.
Abacus Life's Equity-to-Asset Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Abacus Life's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Abacus Life's Equity-to-Asset falls into.
Abacus Life 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.
Abacus Life'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.
Abacus Life (NAS:ABL) 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%.
Abacus Life Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Abacus Life's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Abacus Life Inc is a vertically integrated alternative asset manager specializing in investing in life insurance products throughout the lifecycle of a life insurance policy.
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