Allied Cooperative Insurance Group (SAU:8150) Equity-to-Asset : 0.27 (As of Dec. 2023)

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What is Allied Cooperative Insurance Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Allied Cooperative Insurance Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ﷼254.3 Mil. Allied Cooperative Insurance Group's Total Assets for the quarter that ended in Dec. 2023 was ﷼929.6 Mil. Therefore, Allied Cooperative Insurance Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.27.

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

SAU:8150' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.13 Med: 0.25 Max: 0.31
Current: 0.27

During the past 13 years, the highest Equity to Asset Ratio of Allied Cooperative Insurance Group was 0.31. The lowest was 0.13. And the median was 0.25.

SAU:8150's Equity-to-Asset is ranked better than
56.5% of 492 companies
in the Insurance industry
Industry Median: 0.24 vs SAU:8150: 0.27

Allied Cooperative Insurance Group Equity-to-Asset Historical Data

The historical data trend for Allied Cooperative Insurance 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.

Allied Cooperative Insurance Group Equity-to-Asset Chart

Allied Cooperative Insurance Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.26

0.24

0.13

0.25

0.27

Allied Cooperative Insurance Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.25	0.23	0.24	0.25	0.27

Competitive Comparison of Allied Cooperative Insurance Group's Equity-to-Asset

For the Insurance - Diversified subindustry, Allied Cooperative Insurance 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.

Allied Cooperative Insurance Group's Equity-to-Asset Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Allied Cooperative Insurance Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Allied Cooperative Insurance Group's Equity-to-Asset falls into.

Allied Cooperative Insurance 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.

Allied Cooperative Insurance 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
	=	254.343	/	929.554
	=	0.27

Allied Cooperative Insurance 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
	=	254.343	/	929.554
	=	0.27

Allied Cooperative Insurance Group (SAU:8150) 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%.

Allied Cooperative Insurance Group Equity-to-Asset Related Terms

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

Allied Cooperative Insurance Group (SAU:8150) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Allied Cooperative Insurance Group (SAU:8150) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Turki bin Abdulaziz Al-Awal Road, P.O. Box 40523, Unit No. 2171, Hittin District, Riyadh, SAU, 11511

Website

https://www.acig.com.sa

Allied Cooperative Insurance Group is a Saudi Arabia based insurance company. The activities of the Company are to transact cooperative insurance operations and related activities in the Kingdom of Saudi Arabia. The operating segment of the company are Medical Insurance, Motor Insurance and General Accident Insurance segments. Medical segment provides compensation to policy holders for expenses incurred in treatment of a disease, illness or injury. Motor provides coverage against losses and liability related to motor vehicles. Other includes property, marine, aviation, accident and liability categories. It earns a vast majority of revenues from the motor insurance segment.

Allied Cooperative Insurance Group (SAU:8150) Headlines

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