Enterprise Group (XGHA:EGL) Equity-to-Asset : 0.33 (As of Dec. 2022)

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What is Enterprise Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Enterprise Group's Total Stockholders Equity for the quarter that ended in Dec. 2022 was GHS804 Mil. Enterprise Group's Total Assets for the quarter that ended in Dec. 2022 was GHS2,422 Mil. Therefore, Enterprise Group's Equity to Asset Ratio for the quarter that ended in Dec. 2022 was 0.33.

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

XGHA:EGL' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.21 Med: 0.34 Max: 0.44
Current: 0.33

During the past 13 years, the highest Equity to Asset Ratio of Enterprise Group was 0.44. The lowest was 0.21. And the median was 0.34.

XGHA:EGL's Equity-to-Asset is ranked better than
67.34% of 496 companies
in the Insurance industry
Industry Median: 0.24 vs XGHA:EGL: 0.33

Enterprise Group Equity-to-Asset Historical Data

The historical data trend for Enterprise 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.

Enterprise Group Equity-to-Asset Chart

Enterprise Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

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0.34

0.35

0.34

0.30

0.33

Enterprise Group Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Equity-to-Asset	Get a 7-Day Free Trial									0.34	0.35	0.34	0.30	0.33

Competitive Comparison of Enterprise Group's Equity-to-Asset

For the Insurance - Life subindustry, Enterprise 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.

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

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

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

Enterprise 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.

Enterprise Group's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	803.822	/	2422.385
	=	0.33

Enterprise Group's Equity to Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

Equity to Asset (Q: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	803.822	/	2422.385
	=	0.33

Enterprise Group (XGHA:EGL) 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%.

Enterprise Group Equity-to-Asset Related Terms

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

Enterprise Group (XGHA:EGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Enterprise Group Ltd (XGHA:EGL) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mayor Road, Ridge West, Accra, Advantage Place, Accra, GHA, PMB 150

Website

https://www.myenterprisegroup.io

Enterprise Group Ltd is engaged in the business of investments, life, non-life and health insurance underwriting, pensions funds management, provision of funeral services and real estate development and management. It also underwrites insurance risks, associated with death, disability, health, property, and liability. The group is organized into six operating segments. These segments are Non-life insurance business; Life assurance business; Pension administration; Real estate; Funeral services; and Investments. The company derives its revenues from Life assurance business.