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HAYAH Insurance Co PJSC (ADX:HAYAH) Equity-to-Asset : 0.66 (As of Dec. 2022)


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What is HAYAH Insurance Co PJSC Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. HAYAH Insurance Co PJSC's Total Stockholders Equity for the quarter that ended in Dec. 2022 was د.إ121.39 Mil. HAYAH Insurance Co PJSC's Total Assets for the quarter that ended in Dec. 2022 was د.إ184.15 Mil.

The historical rank and industry rank for HAYAH Insurance Co PJSC's Equity-to-Asset or its related term are showing as below:

ADX:HAYAH' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.62   Med: 0.68   Max: 0.72
Current: 0.62

During the past 13 years, the highest Equity to Asset Ratio of HAYAH Insurance Co PJSC was 0.72. The lowest was 0.62. And the median was 0.68.

ADX:HAYAH's Equity-to-Asset is ranked better than
92.11% of 494 companies
in the Insurance industry
Industry Median: 0.24 vs ADX:HAYAH: 0.62

HAYAH Insurance Co PJSC Equity-to-Asset Historical Data

The historical data trend for HAYAH Insurance Co PJSC'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.

HAYAH Insurance Co PJSC Equity-to-Asset Chart

HAYAH Insurance Co PJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.67 0.70 0.66 0.66 0.62

HAYAH Insurance Co PJSC Quarterly Data
Sep16 Dec16 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Jun21 Sep21 Dec21 Dec22 Dec23
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 0.66 0.65 0.66 0.66 0.62

Competitive Comparison of HAYAH Insurance Co PJSC's Equity-to-Asset

For the Insurance - Life subindustry, HAYAH Insurance Co PJSC'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.


HAYAH Insurance Co PJSC's Equity-to-Asset Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, HAYAH Insurance Co PJSC's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where HAYAH Insurance Co PJSC's Equity-to-Asset falls into.



HAYAH Insurance Co PJSC 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.

HAYAH Insurance Co PJSC'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
=119.317/194.019
=0.61

HAYAH Insurance Co PJSC'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
=121.393/184.152
=

* 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.


HAYAH Insurance Co PJSC  (ADX:HAYAH) 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%.


HAYAH Insurance Co PJSC Equity-to-Asset Related Terms

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


HAYAH Insurance Co PJSC (ADX:HAYAH) Business Description

Traded in Other Exchanges
N/A
Address
Corniche Road, Sheikh Sultan Bin Hamdan Building, 16th floor, P.O. Box 63323, Abu Dhabi, ARE
HAYAH Insurance Co PJSC is engaged in providing health and life insurance solutions. The company has two business operating segments; The medical insurance segment provides medical coverage to policyholders and The life insurance segment offers term life assurance products. The company also offers car, travel, home, and other insurance products.

HAYAH Insurance Co PJSC (ADX:HAYAH) Headlines

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