Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Sompo Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $17,788 Mil. Sompo Holdings's Total Assets for the quarter that ended in Dec. 2023 was $100,182 Mil.
Therefore, Sompo Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.18.
The historical rank and industry rank for Sompo Holdings's Equity-to-Asset or its related term are showing as below:
NHOLF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.12 Med: 0.15 Max: 0.18
Current: 0.18
During the past 13 years, the highest Equity to Asset Ratio of Sompo Holdings was 0.18. The lowest was 0.12. And the median was 0.15.
NHOLF's Equity-to-Asset is ranked worse than 59.96% of 492
companies
in the Insurance industry
Industry Median: 0.24
vs NHOLF: 0.18
Sompo Holdings Equity-to-Asset Historical Data
The historical data trend for Sompo Holdings'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.
Competitive Comparison of Sompo Holdings's Equity-to-Asset
For the Insurance - Property & Casualty subindustry, Sompo Holdings'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.
Sompo Holdings's Equity-to-Asset Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Sompo Holdings's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Sompo Holdings's Equity-to-Asset falls into.
Sompo Holdings 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.
Sompo Holdings's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
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%.
Sompo Holdings Equity-to-Asset Related Terms
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Sompo Holdings (Sompo Holdings) Business Description
Sompo Holdings was formed in 2010 after the merger of the former Sompo Japan and Nipponkoa Insurance. The name Sompo, which literally just means "nonlife insurance" in Japanese, was adopted as a common brand in 2001 for a planned three-way merger of Yasuda Fire, Nissan Fire, and Taisei Fire, although that deal had to be reworked after Taisei Fire's sudden bankruptcy from Sept. 11 losses. In the last few years Sompo has worked to integrate the former Nipponkoa, which before the merger had been somewhat of an industry laggard, to improve overall efficiency. Although Nissan Fire is one of its predecessor firms, in reality Sompo's development has been mainly driven by the former Yasuda Fire and the group has balanced ties to most of Japan's automakers, rather than focusing on Nissan.
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