Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Equity-to-Asset : 0.33 (As of Mar. 2024)

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What is Ali Alghanim Sons Automotive Co KSC Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Ali Alghanim Sons Automotive Co KSC's Total Stockholders Equity for the quarter that ended in Mar. 2024 was KWD76.2 Mil. Ali Alghanim Sons Automotive Co KSC's Total Assets for the quarter that ended in Mar. 2024 was KWD234.4 Mil. Therefore, Ali Alghanim Sons Automotive Co KSC's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.33.

The historical rank and industry rank for Ali Alghanim Sons Automotive Co KSC's Equity-to-Asset or its related term are showing as below:

KUW:ALG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.33 Med: 0.37 Max: 0.39
Current: 0.33

During the past 3 years, the highest Equity to Asset Ratio of Ali Alghanim Sons Automotive Co KSC was 0.39. The lowest was 0.33. And the median was 0.37.

KUW:ALG's Equity-to-Asset is ranked worse than
72.29% of 1310 companies
in the Vehicles & Parts industry
Industry Median: 0.465 vs KUW:ALG: 0.33

Ali Alghanim Sons Automotive Co KSC Equity-to-Asset Historical Data

The historical data trend for Ali Alghanim Sons Automotive Co KSC'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.

Ali Alghanim Sons Automotive Co KSC Equity-to-Asset Chart

Ali Alghanim Sons Automotive Co KSC Annual Data

Trend

Dec21

Dec22

Dec23

Equity-to-Asset

0.39

0.37

Ali Alghanim Sons Automotive Co KSC Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial							0.36	0.37	0.34	0.37	0.33

Competitive Comparison of Ali Alghanim Sons Automotive Co KSC's Equity-to-Asset

For the Auto & Truck Dealerships subindustry, Ali Alghanim Sons Automotive Co KSC'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.

Ali Alghanim Sons Automotive Co KSC's Equity-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ali Alghanim Sons Automotive Co KSC's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Ali Alghanim Sons Automotive Co KSC's Equity-to-Asset falls into.

Ali Alghanim Sons Automotive Co KSC 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.

Ali Alghanim Sons Automotive Co KSC'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
	=	82.531	/	223.182
	=	0.37

Ali Alghanim Sons Automotive Co KSC'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
	=	76.175	/	234.416
	=	0.32

Ali Alghanim Sons Automotive Co KSC (KUW:ALG) 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%.

Ali Alghanim Sons Automotive Co KSC Equity-to-Asset Related Terms

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Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ali Alghanim Sons Automotive Co KSC (KUW:ALG) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Airport Road 55, P.O. Box 21540, Safat, Opposite Kaifan Telecommunication, Shuwaikh, KWT, 13076

Website

https://alg.com.kw

Ali Alghanim Sons Automotive Co KSC is engaged in the automotive business. The Primary Activities of the Company are selling and purchasing cars and spare parts, importing and exporting light and heavy vehicles and cars, renting cars, maintaining light & heavy vehicles and cars, trading auto spare parts, and renting equipment and their maintenance. The Group is divided into four main geographical segments which are the State of Kuwait, Iraq, Egypt and the United Arab Emirates. The majority is derived from Kuwait.