Mega African Capital (XGHA:MAC) Equity-to-Asset : 0.40 (As of Dec. 2022)

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What is Mega African Capital Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Mega African Capital's Total Stockholders Equity for the quarter that ended in Dec. 2022 was GHS79.57 Mil. Mega African Capital's Total Assets for the quarter that ended in Dec. 2022 was GHS197.87 Mil. Therefore, Mega African Capital's Equity to Asset Ratio for the quarter that ended in Dec. 2022 was 0.40.

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

XGHA:MAC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.4 Med: 0.44 Max: 0.48
Current: 0.4

During the past 3 years, the highest Equity to Asset Ratio of Mega African Capital was 0.48. The lowest was 0.40. And the median was 0.44.

XGHA:MAC's Equity-to-Asset is not ranked
in the Asset Management industry.
Industry Median: 0.83 vs XGHA:MAC: 0.40

Mega African Capital Equity-to-Asset Historical Data

The historical data trend for Mega African Capital'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.

Mega African Capital Equity-to-Asset Chart

Mega African Capital Annual Data

Trend

Dec20

Dec21

Dec22

Equity-to-Asset

0.48

0.40

Mega African Capital Semi-Annual Data
	Dec20	Dec21	Dec22
Equity-to-Asset	-	0.48	0.40

Competitive Comparison of Mega African Capital's Equity-to-Asset

For the Asset Management subindustry, Mega African Capital'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.

Mega African Capital's Equity-to-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Mega African Capital's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Mega African Capital's Equity-to-Asset falls into.

Mega African Capital 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.

Mega African Capital'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
	=	79.57	/	197.872
	=	0.40

Mega African Capital'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
	=	79.57	/	197.872
	=	0.40

Mega African Capital (XGHA:MAC) 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%.

Mega African Capital Equity-to-Asset Related Terms

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

Mega African Capital (XGHA:MAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mega African Capital Ltd (XGHA:MAC) » Definitions » Equity-to-Asset

Traded in Other Exchanges

N/A

Address

Sunyani Avenue, The Alberts, 2nd Floor, No. 23 Kanda Estates, Kanda, Accra, GHA

Website

http://www.megafricancapital.com

Mega African Capital Ltd is an investment company. The company's objective is to seek exposure to the potential to generate high real returns. The company invests across three business lines namely, equity unlisted equity and real estate projects. The Company is authorized to undertake the Development, Purchase, Sales and Rental of Real Estates; Investment In Equities; Fixed Income Investments; and Any other Financial Services.