Absa Group (Absa Group) Equity-to-Asset

: 0.08 (As of Jun. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Absa Group's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $7,930 Mil. Absa Group's Total Assets for the quarter that ended in Jun. 2023 was $101,273 Mil. Therefore, Absa Group's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was 0.08.

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

AGRPY' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.07 Med: 0.08 Max: 0.09
Current: 0.08

During the past 13 years, the highest Equity to Asset Ratio of Absa Group was 0.09. The lowest was 0.07. And the median was 0.08.

AGRPY's Equity-to-Asset is ranked worse than
61.28% of 1472 companies
in the Banks industry
Industry Median: 0.09 vs AGRPY: 0.08

Absa Group Equity-to-Asset Historical Data

The historical data trend for Absa Group'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.

Absa Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

0.09

0.08

Absa Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Equity-to-Asset																0.08	0.08	0.08	0.08	0.08

Competitive Comparison

For the Banks - Regional subindustry, Absa Group'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.

Absa Group Equity-to-Asset Distribution

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

* The bar in red indicates where Absa Group's Equity-to-Asset falls into.

Absa Group 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.

Absa Group'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
	=	8217.535	/	103773.206
	=	0.08

Absa Group'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
	=	7930.039	/	101272.886
	=	0.08

Absa Group (OTCPK:AGRPY) 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%.

Absa Group Equity-to-Asset Related Terms

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Absa Group (Absa Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Absa Group Ltd (OTCPK:AGRPY) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

ABG:South Africa AGRPF:USA AU61:Germany

Address

15 Troye Street, 7th Floor, Absa Towers West, PO Box 7735, Johannesburg, GT, ZAF, 2000

Website

https://www.absa.africa

Absa Group Ltd is a financial services company that has five main business segments: Product Solutions Cluster, Everyday Banking, Relationship Banking, Absa Regional Operations RBB (ARO RBB), CIB, & Head Office, Treasury, and other operations. The majority is from the Corporate and Investment Bank (CIB) segment which includes prioritized new-to-bank clients across key growth and priority sectors. CIB continued to up-sell and cross-sell new products and services to existing clients. Geographically, the majority is from South Africa.

Absa Group (Absa Group) Headlines

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