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Sea Harvest Group (JSE:SHG) Equity-to-Asset : 0.42 (As of Dec. 2023)


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What is Sea Harvest Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Sea Harvest Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R3,354 Mil. Sea Harvest Group's Total Assets for the quarter that ended in Dec. 2023 was R8,025 Mil. Therefore, Sea Harvest Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.42.

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

JSE:SHG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.12   Med: 0.42   Max: 0.54
Current: 0.42

During the past 10 years, the highest Equity to Asset Ratio of Sea Harvest Group was 0.54. The lowest was 0.12. And the median was 0.42.

JSE:SHG's Equity-to-Asset is ranked worse than
66.27% of 1924 companies
in the Consumer Packaged Goods industry
Industry Median: 0.54 vs JSE:SHG: 0.42

Sea Harvest Group Equity-to-Asset Historical Data

The historical data trend for Sea Harvest Group'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.

Sea Harvest Group Equity-to-Asset Chart

Sea Harvest Group 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 0.44 0.48 0.46 0.42 0.42

Sea Harvest Group Semi-Annual Data
Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 0.46 0.41 0.42 0.40 0.42

Competitive Comparison of Sea Harvest Group's Equity-to-Asset

For the Farm Products subindustry, Sea Harvest Group'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.

Sea Harvest Group's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Sea Harvest Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Sea Harvest Group's Equity-to-Asset falls into.


Sea Harvest Group 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.

Sea Harvest Group'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
=3354.351/8024.545
=0.42

Sea Harvest Group'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
=3354.351/8024.545
=0.42

* 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.

Sea Harvest Group  (JSE:SHG) 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%.

Sea Harvest Group Equity-to-Asset Related Terms

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

Sea Harvest Group (JSE:SHG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sea Harvest Group Ltd (JSE:SHG) » Definitions » Equity-to-Asset
Comparable Companies
JSE:KAL JSE:QFH JSE:CKS JSE:ARL ADM SZSE:002714 SZSE:300498 SHSE:600438 TSN BG OSL:MOWI OSL:SALM SZSE:000876 ISX:CPIN XKLS:2445 XKLS:4065 BKK:CPF SZSE:002385 SHSE:600095 SHSE:600598
Traded in Other Exchanges
N/A
Address
Searle Street, 1st Floor, Block C, The Boulevard Office Park, Woodstock, Cape Town, ZAF, 7925
Website
https://www.seaharvest.co.za
Sea Harvest Group Ltd is engaged in the fishing of Cape Hake and Shark Bay Prawns along with Horse Mackerel, Pilchards, Anchovies, and a variety of farmed species, processing of the catch into frozen and chilled seafood, and the marketing of these products, locally and internationally. It operates in four segments: South African Fishing, Australian operation, Aquaculture, and Cape Harvest Foods segments." The majority of its revenue comes from the South African Fishing segment.