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Meritz Fire & Marine Insurance Co (XKRX:000060) Equity-to-Asset : 0.02 (As of Sep. 2022)


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What is Meritz Fire & Marine Insurance Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Meritz Fire & Marine Insurance Co's Total Stockholders Equity for the quarter that ended in Sep. 2022 was ₩605,469 Mil. Meritz Fire & Marine Insurance Co's Total Assets for the quarter that ended in Sep. 2022 was ₩29,108,959 Mil. Therefore, Meritz Fire & Marine Insurance Co's Equity to Asset Ratio for the quarter that ended in Sep. 2022 was 0.02.

The historical rank and industry rank for Meritz Fire & Marine Insurance Co's Equity-to-Asset or its related term are showing as below:

XKRX:000060's Equity-to-Asset is not ranked *
in the Insurance industry.
Industry Median: 0.24
* Ranked among companies with meaningful Equity-to-Asset only.

Meritz Fire & Marine Insurance Co Equity-to-Asset Historical Data

The historical data trend for Meritz Fire & Marine Insurance 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.

Meritz Fire & Marine Insurance Co Equity-to-Asset Chart

Meritz Fire & Marine Insurance Co Annual Data
Trend Mar12 Mar13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.10 0.11 0.11 0.11 0.09

Meritz Fire & Marine Insurance Co Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.09 0.09 0.06 0.04 0.02

Competitive Comparison of Meritz Fire & Marine Insurance Co's Equity-to-Asset

For the Insurance - Property & Casualty subindustry, Meritz Fire & Marine Insurance 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.


Meritz Fire & Marine Insurance Co's Equity-to-Asset Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Meritz Fire & Marine Insurance Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Meritz Fire & Marine Insurance Co's Equity-to-Asset falls into.



Meritz Fire & Marine Insurance 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.

Meritz Fire & Marine Insurance Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Equity to Asset (A: Dec. 2021 )=Total Stockholders Equity/Total Assets
=2385285.337/27688968.239
=0.09

Meritz Fire & Marine Insurance Co's Equity to Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

Equity to Asset (Q: Sep. 2022 )=Total Stockholders Equity/Total Assets
=605468.952/29108959.319
=0.02

* 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.


Meritz Fire & Marine Insurance Co  (XKRX:000060) 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%.


Meritz Fire & Marine Insurance Co Equity-to-Asset Related Terms

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


Meritz Fire & Marine Insurance Co (XKRX:000060) Business Description

Traded in Other Exchanges
N/A
Address
382 Gangnamdae-ro, Meritz Tower, Gangnam-gu, Seoul, KOR
Meritz Fire & Marine Insurance Co Ltd is a property and casualty insurance company. The company operates one segment that focuses on property and casualty insurance products in Korea. The company offers automobile insurance, life and health insurance, and commercial liability insurance products. Meritz generates all of its revenue in South Korea. Meritz also provides child insurance, cancer insurance, and assurance analysis services. The company considers merger and acquisition investment as a component of its operational growth strategy.

Meritz Fire & Marine Insurance Co (XKRX:000060) Headlines

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