Opal Balance Investments (XTAE:OPAL) Equity-to-Asset : 0.57 (As of Dec. 2023)

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What is Opal Balance Investments Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Opal Balance Investments's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₪210.41 Mil. Opal Balance Investments's Total Assets for the quarter that ended in Dec. 2023 was ₪372.34 Mil. Therefore, Opal Balance Investments's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.57.

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

XTAE:OPAL' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.21 Med: 0.33 Max: 0.57
Current: 0.57

During the past 11 years, the highest Equity to Asset Ratio of Opal Balance Investments was 0.57. The lowest was 0.21. And the median was 0.33.

XTAE:OPAL's Equity-to-Asset is ranked better than
54.52% of 807 companies
in the Capital Markets industry
Industry Median: 0.49 vs XTAE:OPAL: 0.57

Opal Balance Investments Equity-to-Asset Historical Data

The historical data trend for Opal Balance Investments'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.

Opal Balance Investments Equity-to-Asset Chart

Opal Balance Investments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.36

0.49

0.37

0.39

0.57

Opal Balance Investments 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															0.39	0.43	0.46	0.43	0.57

Competitive Comparison of Opal Balance Investments's Equity-to-Asset

For the Capital Markets subindustry, Opal Balance Investments'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.

Opal Balance Investments's Equity-to-Asset Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Opal Balance Investments's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Opal Balance Investments's Equity-to-Asset falls into.

Opal Balance Investments 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.

Opal Balance Investments'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
	=	210.411	/	372.34
	=	0.57

Opal Balance Investments'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
	=	210.411	/	372.34
	=	0.57

Opal Balance Investments (XTAE:OPAL) 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%.

Opal Balance Investments Equity-to-Asset Related Terms

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