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Southern Banc Co (Southern Banc Co) Equity-to-Asset : 0.11 (As of Jun. 2023)


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What is Southern Banc Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Southern Banc Co's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $12.12 Mil. Southern Banc Co's Total Assets for the quarter that ended in Jun. 2023 was $108.63 Mil. Therefore, Southern Banc Co's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was 0.11.

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

SRNN' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.09   Med: 0.1   Max: 0.11
Current: 0.11

During the past 13 years, the highest Equity to Asset Ratio of Southern Banc Co was 0.11. The lowest was 0.09. And the median was 0.10.

SRNN's Equity-to-Asset is ranked better than
68.19% of 1468 companies
in the Banks industry
Industry Median: 0.09 vs SRNN: 0.11

Southern Banc Co Equity-to-Asset Historical Data

The historical data trend for Southern Banc Co'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.

Southern Banc Co Equity-to-Asset Chart

Southern Banc Co Annual Data
Trend Jun02 Jun03 Jun04 Jun05 Jun06 Jun07 Jun08 Jun09 Jun22 Jun23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 0.15 0.16 0.09 0.11

Southern Banc Co Semi-Annual Data
Jun96 Jun97 Jun98 Jun99 Jun00 Jun01 Jun02 Jun03 Jun04 Jun05 Jun06 Jun07 Jun08 Jun09 Jun22 Jun23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.15 0.15 0.16 0.09 0.11

Competitive Comparison of Southern Banc Co's Equity-to-Asset

For the Banks - Regional subindustry, Southern Banc Co'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.


Southern Banc Co's Equity-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Southern Banc Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Southern Banc Co's Equity-to-Asset falls into.



Southern Banc Co 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.

Southern Banc Co's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )=Total Stockholders Equity/Total Assets
=12.122/108.631
=0.11

Southern Banc Co's Equity to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

Equity to Asset (Q: Jun. 2023 )=Total Stockholders Equity/Total Assets
=12.122/108.631
=0.11

* 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.


Southern Banc Co  (OTCPK:SRNN) 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%.


Southern Banc Co Equity-to-Asset Related Terms

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


Southern Banc Co (Southern Banc Co) Business Description

Traded in Other Exchanges
N/A
Address
221 South 6th Street, Gadsden, AL, USA, 35901
Southern Banc Co Inc provides personal and business banking solutions. It offers banking solutions for every personal banking need including Personal Checking, Mortgage Loans, Consumer Loans, and Home Equity Lines of Credit. The principal business of the Bank consists of accepting deposits from the general public through the Bank's main and branch offices and investing those funds in loans secured by real estate properties, commercial and consumer loans located in the Bank's primary market area, and factoring. The company serves small and medium-sized business customers the United States.
Executives
Fred Taylor director
Little James B Iii director
Craig G Cantrell director
Dowling Thomas F Iii director
Little James B Jr director, officer: Vice President
Gates Little director, officer: President