Aashka Hospitals (BOM:543346) Equity-to-Asset : 0.77 (As of Sep. 2023)

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What is Aashka Hospitals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Aashka Hospitals's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹943.4 Mil. Aashka Hospitals's Total Assets for the quarter that ended in Sep. 2023 was ₹1,226.3 Mil. Therefore, Aashka Hospitals's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.77.

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

BOM:543346' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.28 Med: 0.74 Max: 0.78
Current: 0.77

During the past 4 years, the highest Equity to Asset Ratio of Aashka Hospitals was 0.78. The lowest was 0.28. And the median was 0.74.

BOM:543346's Equity-to-Asset is ranked better than
85.23% of 677 companies
in the Healthcare Providers & Services industry
Industry Median: 0.46 vs BOM:543346: 0.77

Aashka Hospitals Equity-to-Asset Historical Data

The historical data trend for Aashka Hospitals'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.

Aashka Hospitals Equity-to-Asset Chart

Aashka Hospitals Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Equity-to-Asset

0.28

0.40

0.45

0.75

Aashka Hospitals Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Sep23
Equity-to-Asset	Get a 7-Day Free Trial			0.45	0.78	0.75	0.74	0.77

Competitive Comparison of Aashka Hospitals's Equity-to-Asset

For the Medical Care Facilities subindustry, Aashka Hospitals'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.

Aashka Hospitals's Equity-to-Asset Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Aashka Hospitals's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Aashka Hospitals's Equity-to-Asset falls into.

Aashka Hospitals 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.

Aashka Hospitals's Equity to Asset Ratio for the fiscal year that ended in Mar. 2022 is calculated as

Equity to Asset (A: Mar. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	965.646	/	1291.179
	=	0.75

Aashka Hospitals's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	943.41	/	1226.291
	=	0.77

Aashka Hospitals (BOM:543346) 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%.

Aashka Hospitals Equity-to-Asset Related Terms

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

Aashka Hospitals (BOM:543346) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Aashka Hospitals Ltd (BOM:543346) » Definitions » Equity-to-Asset

Traded in Other Exchanges

N/A

Address

Between Sargasan & Reliance Cross Road, Sargasan, Gandhinagar, GJ, IND, 382421

Website

https://aashkahospitals.in

Aashka Hospital Ltd is an integrated healthcare service provider that offers the quality of healthcare facilities including prevention, treatment, and rehabilitation. It serves a range of healthcare services such as Cardiology, neurology, neurosurgery, nephrology, anesthesiology, orthopedics, pediatric services, neonatology services, dermatology, radiology, dentistry, obstetrics, and gynecology, and more. The group also includes the operation of Multi-Disciplinary Private Hospital, Clinics, and Pharmacies.

Aashka Hospitals (BOM:543346) Headlines

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