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Arabian Scandinavian Insurance Co (DFM:ASCANA) Equity-to-Asset : 0.50 (As of Mar. 2024)


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What is Arabian Scandinavian Insurance Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Arabian Scandinavian Insurance Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was د.إ177.97 Mil. Arabian Scandinavian Insurance Co's Total Assets for the quarter that ended in Mar. 2024 was د.إ356.34 Mil. Therefore, Arabian Scandinavian Insurance Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.50.

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

DFM:ASCANA' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.47   Med: 0.59   Max: 0.76
Current: 0.5

During the past 11 years, the highest Equity to Asset Ratio of Arabian Scandinavian Insurance Co was 0.76. The lowest was 0.47. And the median was 0.59.

DFM:ASCANA's Equity-to-Asset is ranked better than
86.06% of 495 companies
in the Insurance industry
Industry Median: 0.24 vs DFM:ASCANA: 0.50

Arabian Scandinavian Insurance Co Equity-to-Asset Historical Data

The historical data trend for Arabian Scandinavian Insurance 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.

Arabian Scandinavian Insurance Co Equity-to-Asset Chart

Arabian Scandinavian Insurance Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.58 0.65 0.63 0.54 0.47

Arabian Scandinavian Insurance Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.55 0.56 0.59 0.47 0.50

Competitive Comparison of Arabian Scandinavian Insurance Co's Equity-to-Asset

For the Insurance - Diversified subindustry, Arabian Scandinavian Insurance 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.


Arabian Scandinavian Insurance Co's Equity-to-Asset Distribution in the Insurance Industry

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

* The bar in red indicates where Arabian Scandinavian Insurance Co's Equity-to-Asset falls into.



Arabian Scandinavian Insurance 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.

Arabian Scandinavian Insurance 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
=175.321/372.935
=0.47

Arabian Scandinavian Insurance Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )=Total Stockholders Equity/Total Assets
=177.966/356.339
=0.50

* 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.


Arabian Scandinavian Insurance Co  (DFM:ASCANA) 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%.


Arabian Scandinavian Insurance Co Equity-to-Asset Related Terms

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


Arabian Scandinavian Insurance Co (DFM:ASCANA) Business Description

Traded in Other Exchanges
N/A
Address
Al Kazim Building, Al Garhoud, 3rd Floor, P.O. Box 1993, Dubai, ARE
Arabian Scandinavian Insurance Co PLC is a provider of general insurance and reinsurance services. Its general insurance covers motor, medical, life, personal accident, property, travel protection, money, professional indemnity, and engineering. The company is organized into two business segments: general takaful management and investment. The majority of the revenue is derived from the provision of general takaful management services. The Company only operates in U.AE., through its Dubai and Abu Dhabi office.

Arabian Scandinavian Insurance Co (DFM:ASCANA) Headlines

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