Al Soor Fuel Marketing Co KSC (KUW:SOOR) Equity-to-Asset : 0.71 (As of Dec. 2023)

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What is Al Soor Fuel Marketing Co KSC Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Al Soor Fuel Marketing Co KSC's Total Stockholders Equity for the quarter that ended in Dec. 2023 was KWD70.7 Mil. Al Soor Fuel Marketing Co KSC's Total Assets for the quarter that ended in Dec. 2023 was KWD99.9 Mil. Therefore, Al Soor Fuel Marketing Co KSC's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.71.

The historical rank and industry rank for Al Soor Fuel Marketing Co KSC's Equity-to-Asset or its related term are showing as below:

KUW:SOOR' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.67 Med: 0.77 Max: 0.81
Current: 0.71

During the past 13 years, the highest Equity to Asset Ratio of Al Soor Fuel Marketing Co KSC was 0.81. The lowest was 0.67. And the median was 0.77.

KUW:SOOR's Equity-to-Asset is ranked better than
75.46% of 1092 companies
in the Oil & Gas industry
Industry Median: 0.51 vs KUW:SOOR: 0.71

Al Soor Fuel Marketing Co KSC Equity-to-Asset Historical Data

The historical data trend for Al Soor Fuel Marketing 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.

Al Soor Fuel Marketing Co KSC Equity-to-Asset Chart

Al Soor Fuel Marketing Co KSC Annual Data

Trend

Dec13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

Get a 7-Day Free Trial

0.70

0.78

0.77

0.71

Al Soor Fuel Marketing Co KSC 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															0.77	0.71	0.69	0.70	0.71

Competitive Comparison of Al Soor Fuel Marketing Co KSC's Equity-to-Asset

For the Oil & Gas Refining & Marketing subindustry, Al Soor Fuel Marketing 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.

Al Soor Fuel Marketing Co KSC's Equity-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Al Soor Fuel Marketing Co KSC's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Al Soor Fuel Marketing Co KSC's Equity-to-Asset falls into.

Al Soor Fuel Marketing 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.

Al Soor Fuel Marketing 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
	=	70.747	/	99.895
	=	0.71

Al Soor Fuel Marketing Co KSC'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
	=	70.747	/	99.895
	=	0.71

Al Soor Fuel Marketing Co KSC (KUW:SOOR) 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%.

Al Soor Fuel Marketing Co KSC Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Al Soor Fuel Marketing Co KSC's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Al Soor Fuel Marketing Co KSC (KUW:SOOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Al Soor Fuel Marketing Co KSC (KUW:SOOR) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

AlMirqab - Block 3 - Omar bin Al-Khattab Street, P.O. Box 28396, KBT Tower, 14th Floor, Kuwait, KWT, 13144

Website

http://www.soor.com.kw

Al Soor Fuel Marketing Co KSC is engaged in the acquisition, construction, leasing, operation, and maintenance of petrol filling stations. It also constructs, develops, operates, and maintains customer services center at petrol stations. The customer services centers operated by the company provide all services related to cars and vehicles such as oil changes, car wash, maintenance services, repair and technical testing of vehicles, and supermarket services. Its operating segments are Fuel marketing and other related services and Investment operations. The majority of its revenue derives from Fuel marketing and other associated services.

Al Soor Fuel Marketing Co KSC (KUW:SOOR) Headlines

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