PT Cardig Aero Services Tbk (ISX:CASS) Equity-to-Asset : 0.39 (As of Mar. 2024)

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What is PT Cardig Aero Services Tbk Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. PT Cardig Aero Services Tbk's Total Stockholders Equity for the quarter that ended in Mar. 2024 was Rp787,592 Mil. PT Cardig Aero Services Tbk's Total Assets for the quarter that ended in Mar. 2024 was Rp2,046,059 Mil. Therefore, PT Cardig Aero Services Tbk's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.39.

The historical rank and industry rank for PT Cardig Aero Services Tbk's Equity-to-Asset or its related term are showing as below:

ISX:CASS' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.23 Med: 0.32 Max: 0.39
Current: 0.39

During the past 11 years, the highest Equity to Asset Ratio of PT Cardig Aero Services Tbk was 0.39. The lowest was 0.23. And the median was 0.32.

ISX:CASS's Equity-to-Asset is ranked worse than
64.32% of 981 companies
in the Transportation industry
Industry Median: 0.49 vs ISX:CASS: 0.39

PT Cardig Aero Services Tbk Equity-to-Asset Historical Data

The historical data trend for PT Cardig Aero Services Tbk'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.

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PT Cardig Aero Services Tbk Equity-to-Asset Chart

PT Cardig Aero Services Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.27

0.23

0.24

0.30

0.37

PT Cardig Aero Services Tbk Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial															0.31	0.36	0.37	0.37	0.39

Competitive Comparison of PT Cardig Aero Services Tbk's Equity-to-Asset

For the Airports & Air Services subindustry, PT Cardig Aero Services Tbk'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.

PT Cardig Aero Services Tbk's Equity-to-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PT Cardig Aero Services Tbk's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where PT Cardig Aero Services Tbk's Equity-to-Asset falls into.

PT Cardig Aero Services Tbk 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.

PT Cardig Aero Services Tbk'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
	=	715553	/	1919403
	=	0.37

PT Cardig Aero Services Tbk's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	787592	/	2046059
	=	0.38

PT Cardig Aero Services Tbk (ISX:CASS) 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%.

PT Cardig Aero Services Tbk Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of PT Cardig Aero Services Tbk's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

PT Cardig Aero Services Tbk (ISX:CASS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PT Cardig Aero Services Tbk (ISX:CASS) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Menara Cardig, 3rd. Floor Jl. Raya Halim Perdanakusuma, Jakarta, IDN, 13650

Website

https://www.casgroup.co.id

PT Cardig Aero Services Tbk is engaged in the provision of aviation support services, food solutions, and facility management. The group is organized into five operating divisions namely Ground and Cargo handling, Aircraft release and Maintenance services, Catering services, Facility Management services, and Aviation Training services. The company derives the majority of its revenue from the cargo handling segment which includes services such as cargo build-up and breakdown, cargo documentation, cargo transfer and transit handling, cargo storage, and special cargo handling. Geographically, all the operations of the firm functioned through the region of Indonesia.