Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Asiafin Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $2.05 Mil. Asiafin Holdings's Total Assets for the quarter that ended in Sep. 2024 was $3.73 Mil.
Therefore, Asiafin Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was 0.55.
The historical rank and industry rank for Asiafin Holdings's Equity-to-Asset or its related term are showing as below:
ASFH'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.51 Med: 0.92 Max: 1
Current: 0.55
During the past 4 years, the highest Equity to Asset Ratio of Asiafin Holdings was 1.00. The lowest was 0.51. And the median was 0.92.
ASFH's Equity-to-Asset is ranked better than 55.46% of 1071
companies
in the Business Services industry
Industry Median: 0.52
vs ASFH: 0.55
Asiafin Holdings Equity-to-Asset Historical Data
The historical data trend for Asiafin 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 Asiafin Holdings's Equity-to-Asset
For the Specialty Business Services subindustry, Asiafin 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.
Asiafin Holdings's Equity-to-Asset Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Asiafin Holdings's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Asiafin Holdings's Equity-to-Asset falls into.
Asiafin 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.
Asiafin Holdings's Equity to Asset Ratio for the fiscal year that ended in Dec. 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%.
Asiafin Holdings Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Asiafin Holdings's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Asiafin Holdings Corp operates through its wholly owned subsidiaries by offering a range of system solutions in Payment Processing, Robotic Process Automation (RPA), and Regulatory Technology (RegTech) to financial institutions, regulatory agencies, professional service providers and private enterprises from various industries, with existing client in the Asia region. The company generates all of its revenue from the Malaysia region.
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