AXG (Solowin Holdings) Equity-to-Asset: 0.96 (As of Sep. 2025) — 153% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

AXG Solowin Holdings Ltd AXG
12 GF Score
Price $3.17
! 7 Warning Signs
View Full Analysis

What is Solowin Holdings Equity-to-Asset?

Solowin Holdings AXG -1.25% 12 Equity-to-Asset is 0.96 as of Sep. 2025, which is 153% above its 10-year median of 0.38. GuruFocus rates AXG with a GF Score™ of 12/100. The stock has 7 warning signs investors should review. Among 816 Capital Markets companies, Solowin Holdings ranks better than 91.18% on this metric.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Solowin Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2025 was $368.98 Mil. Solowin Holdings's Total Assets for the quarter that ended in Sep. 2025 was $383.17 Mil. Therefore, Solowin Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2025 was 0.96.

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

AXG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.11   Med: 0.38   Max: 0.96
Current: 0.96

During the past 5 years, the highest Equity to Asset Ratio of Solowin Holdings was 0.96. The lowest was 0.11. And the median was 0.38.

AXG's Equity-to-Asset is ranked better than
91.18% of 816 companies
in the Capital Markets industry
Industry Median: 0.5 vs AXG: 0.96

Solowin Holdings  (NAS:AXG) 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%.


Solowin Holdings Equity-to-Asset Related Terms


Solowin Holdings Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for Solowin 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.

Solowin Holdings Equity-to-Asset Chart

Solowin Holdings Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Equity-to-Asset
0.11 0.21 0.33 0.58 0.38

Solowin Holdings Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.65 0.58 0.46 0.38 0.96

AXG vs BTGO, BTBT, RHNO: Equity-to-Asset Comparison

For the Capital Markets subindustry, Solowin 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.


Solowin Holdings Equity-to-Asset vs Capital Markets Industry

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

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


AXG
12GF Score
Solowin Holdings Ltd AXG
Equity-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Solowin 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.

Solowin Holdings's Equity to Asset Ratio for the fiscal year that ended in Mar. 2025 is calculated as

Equity to Asset (A: Mar. 2025 )=Total Stockholders Equity/Total Assets
=4.731/12.308
=0.38

Solowin Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2025 is calculated as

Equity to Asset (Q: Sep. 2025 )=Total Stockholders Equity/Total Assets
=368.979/383.166
=0.96

* 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.

Frequently Asked Questions Learn more about Equity-to-Asset →
What does a Equity-to-Asset of 0.96 mean?
Solowin Holdings (AXG) has a Equity-to-Asset of 0.96 as of Sep. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Solowin Holdings and its competitors. This is 153% above median its historical median of 0.38. Over the past decade, Solowin Holdings' Equity-to-Asset has ranged from 0.11 to 0.96. According to the industry distribution chart, Solowin Holdings ranks #72 out of 816 companies in the Capital Markets industry, placing it in the top 8.8%.
Is Solowin Holdings' Equity-to-Asset too high?
Solowin Holdings' current Equity-to-Asset of 0.96 is 153% above median its 10-year median of 0.38. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.96. The Capital Markets industry median Equity-to-Asset is 0.50. Solowin Holdings' value of 0.96 is 92% above this industry median. Based on the distribution chart, Solowin Holdings ranks #72 out of 816 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Solowin Holdings has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Solowin Holdings' Equity-to-Asset compare to BTGO and BTBT?
According to the Capital Markets industry distribution chart, Solowin Holdings ranks #72 out of 816 companies for Equity-to-Asset. This places Solowin Holdings in the top 9% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.50. Solowin Holdings' value of 0.96 is 92% above this benchmark. Historically, Solowin Holdings' own Equity-to-Asset has ranged from 0.11 to 0.96 over the past decade. While the company's 10-year median is 0.38 vs. the industry median of 0.50, Solowin Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Capital Markets company?
The median Equity-to-Asset among Capital Markets companies is 0.50, based on 816 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Solowin Holdings's current Equity-to-Asset of 0.96 is 92% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Solowin Holdings and its competitors. For the Capital Markets industry, the median Equity-to-Asset is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solowin Holdings's current Equity-to-Asset is 0.96, which is 153% above median its own 10-year median of 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solowin Holdings stock overvalued right now?
Solowin Holdings (AXG) has a current Equity-to-Asset of 0.96. The current Equity-to-Asset is 0.96, which is 153% above median its 10-year median of 0.38 and 92% above the Capital Markets industry median of 0.50. Solowin Holdings' overall GF Score™ is 12/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Solowin Holdings (AXG), the current Equity-to-Asset is 0.96 as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Solowin Holdings Business Description

Address 33 Canton Road, Room 1910-1912A, Tower 3, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Solowin Holdings Ltd is an investor-focused, versatile securities brokerage company in Hong Kong. It offers a wide spectrum of products and services through its secure one-stop electronic platform. It is engaged in providing securities-related services, investment advisory services, and asset management services to customers. The operations were organized into four reportable segments: Corporate Finance Services, Wealth Management Services, Asset Management Services and Virtual Assets. It derives maximum revenue from Wealth Management Services.
12GF Score

Get the complete analysis for AXG

Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.17
Price