Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Oscar Health's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $804 Mil. Oscar Health's Total Assets for the quarter that ended in Dec. 2023 was $3,601 Mil.
Therefore, Oscar Health's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.22.
The historical rank and industry rank for Oscar Health's Equity-to-Asset or its related term are showing as below:
OSCR'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.7 Med: 0.2 Max: 0.42
Current: 0.22
During the past 5 years, the highest Equity to Asset Ratio of Oscar Health was 0.42. The lowest was -0.70. And the median was 0.20.
OSCR's Equity-to-Asset is ranked worse than 90.48% of 21
companies
in the Healthcare Plans industry
Industry Median: 0.33
vs OSCR: 0.22
Oscar Health Equity-to-Asset Historical Data
The historical data trend for Oscar Health'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.
Competitive Comparison of Oscar Health's Equity-to-Asset
For the Healthcare Plans subindustry, Oscar Health'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.
Oscar Health's Equity-to-Asset Distribution in the Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, Oscar Health's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Oscar Health's Equity-to-Asset falls into.
Oscar Health 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.
Oscar Health's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Oscar Health (NYSE:OSCR) 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%.
Oscar Health Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Oscar Health's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Oscar Health Inc is a health insurance company. The company provides various insurance plans for individuals, families, and employees. Also, the company provides virtual care, doctor support, scheduling appointments, and other related services. The company provides plans in the Medicare Advantage program to adults who are age 65 and older and eligible for traditional Medicare but who instead select coverage through a private market plan.
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