The historical rank and industry rank for Afrocentric Investment's Equity-to-Asset or its related term are showing as below:
JSE:ACT'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.35 Med: 0.48 Max: 0.7
Current: 0.63
During the past 13 years, the highest Equity to Asset Ratio of Afrocentric Investment was 0.70. The lowest was 0.35. And the median was 0.48.
JSE:ACT's Equity-to-Asset is ranked better than 67.2% of 686
companies
in the Healthcare Providers & Services industry
Industry Median: 0.48
vs JSE:ACT: 0.63
Afrocentric Investment Equity-to-Asset Historical Data
The historical data trend for Afrocentric Investment'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 Afrocentric Investment's Equity-to-Asset
For the Medical Care Facilities subindustry, Afrocentric Investment'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.
Afrocentric Investment's Equity-to-Asset Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Afrocentric Investment's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Afrocentric Investment's Equity-to-Asset falls into.
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.
Afrocentric Investment's Equity to Asset Ratio for the fiscal year that ended in Jun. 2024 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%.
Afrocentric Investment Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Afrocentric Investment's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Afrocentric Investment Corp Ltd is a black-owned investment holding company with an investment portfolio focused on services to the healthcare sector. It seeks to invest in healthcare-related businesses that demonstrate prospects for growth as well as diversify its revenue sources while contributing to the sustainable health and welfare of South African communities. The company provides health administration and health risk management solutions to the healthcare industry. Its operating segments include: Healthcare SA; Healthcare Retail; Healthcare Africa and Information Technology. The geographical segments include businesses outside of South Africa which include Botswana, Mauritius and Namibia.
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