Afine Investments (JSE:ANI) Equity-to-Asset : 0.70 (As of Aug. 2023)

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What is Afine Investments Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Afine Investments's Total Stockholders Equity for the quarter that ended in Aug. 2023 was R262.63 Mil. Afine Investments's Total Assets for the quarter that ended in Aug. 2023 was R376.24 Mil. Therefore, Afine Investments's Equity to Asset Ratio for the quarter that ended in Aug. 2023 was 0.70.

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

JSE:ANI' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.56 Med: 0.7 Max: 0.73
Current: 0.7

During the past 3 years, the highest Equity to Asset Ratio of Afine Investments was 0.73. The lowest was 0.56. And the median was 0.70.

JSE:ANI's Equity-to-Asset is ranked better than
70.05% of 858 companies
in the REITs industry
Industry Median: 0.57 vs JSE:ANI: 0.70

Afine Investments Equity-to-Asset Historical Data

The historical data trend for Afine Investments'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.

Afine Investments Equity-to-Asset Chart

Afine Investments Annual Data

Trend

Feb21

Feb22

Feb23

Equity-to-Asset

0.16

0.73

0.70

Afine Investments Semi-Annual Data
	Aug21	Feb22	Aug22	Feb23	Aug23
Equity-to-Asset	0.56	0.73	0.71	0.70	0.70

Competitive Comparison of Afine Investments's Equity-to-Asset

For the REIT - Specialty subindustry, Afine Investments'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.

Afine Investments's Equity-to-Asset Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Afine Investments's Equity-to-Asset distribution charts can be found below:

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

Afine Investments 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.

Afine Investments's Equity to Asset Ratio for the fiscal year that ended in Feb. 2023 is calculated as

Equity to Asset (A: Feb. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	262.658	/	374.089
	=	0.70

Afine Investments's Equity to Asset Ratio for the quarter that ended in Aug. 2023 is calculated as

Equity to Asset (Q: Aug. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	262.629	/	376.24
	=	0.70

Afine Investments (JSE:ANI) 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%.

Afine Investments Equity-to-Asset Related Terms

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

Afine Investments (JSE:ANI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Afine Investments Ltd (JSE:ANI) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 4602, Greenways, Strand, Western Cape, ZAF, 7140

Website

https://www.afineinvestments.com

Afine Investments Ltd is a specialized commercial real estate. It holds a portfolio of income-generating immovable properties focused mainly on the petroleum sector. geographically company operates in Gauteng and North-West, Mpumalanga, and Western Cape Segment. Out of these geographical segment majority of revenue is generated from Gauteng and North-West.

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