Oceana Group (JSE:OCE) Equity-to-Asset : 0.58 (As of Sep. 2023)

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What is Oceana Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Oceana Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was R7,782 Mil. Oceana Group's Total Assets for the quarter that ended in Sep. 2023 was R13,483 Mil. Therefore, Oceana Group's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.58.

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

JSE:OCE' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.32 Med: 0.47 Max: 0.58
Current: 0.58

During the past 13 years, the highest Equity to Asset Ratio of Oceana Group was 0.58. The lowest was 0.32. And the median was 0.47.

JSE:OCE's Equity-to-Asset is ranked better than
56.74% of 1928 companies
in the Consumer Packaged Goods industry
Industry Median: 0.54 vs JSE:OCE: 0.58

Oceana Group Equity-to-Asset Historical Data

The historical data trend for Oceana Group'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.

Oceana Group Equity-to-Asset Chart

Oceana Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Equity-to-Asset

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0.44

0.49

0.50

0.52

0.58

Oceana Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial															0.50	0.45	0.52	0.50	0.58

Competitive Comparison of Oceana Group's Equity-to-Asset

For the Packaged Foods subindustry, Oceana Group'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.

Oceana Group's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Oceana Group's Equity-to-Asset distribution charts can be found below:

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

Oceana Group 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.

Oceana Group's Equity to Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Equity to Asset (A: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	7782	/	13483
	=	0.58

Oceana Group's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	7782	/	13483
	=	0.58

Oceana Group (JSE:OCE) 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%.

Oceana Group Equity-to-Asset Related Terms

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

Oceana Group (JSE:OCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Oceana Group Ltd (JSE:OCE) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

OCGPF:USA OCG:Namibia O1F:Germany

Address

25 Jan Smuts Street, 9th Floor, Oceana House, Foreshore, Cape Town, WC, ZAF, 8001

Website

https://www.oceana.co.za

Oceana Group Ltd is an African fishing company focused on catching, procuring, processing, marketing, and distributing canned fish, fishmeal, fish oil, lobster, horse mackerel, squid, and hake. Oceana Group also provides refrigerated warehouse facilities and logistical support services. The company's principal market is the lower-end consumer who prefers canned fish and horse mackerel. The majority of Oceana Group's revenue is derived from South Africa and Nambia. The company operates through four segments: Canned Fish and Fishmeal (Africa), which contributes the majority portion of revenue; Fishmeal and Fish Oil (USA); Horse Mackerel, Hake, Lobster, and Squid; and Commercial Cold Storage Logistics.

Oceana Group (JSE:OCE) Headlines

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