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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. ASOvings & Loans's Total Stockholders Equity for the quarter that ended in Dec. 2024 was ₦-62,841 Mil. ASOvings & Loans's Total Assets for the quarter that ended in Dec. 2024 was ₦23,398 Mil.
Therefore, ASOvings & Loans's Equity to Asset Ratio for the quarter that ended in Dec. 2024 was -2.69.
The historical rank and industry rank for ASOvings & Loans's Equity-to-Asset or its related term are showing as below:
NSA:ASOSAVINGS'
s Equity-to-Asset Range Over the Past 10 Years
Min: -2.69 Med: -0.91 Max: -0.56
Current: -2.69
During the past 5 years, the highest Equity to Asset Ratio of ASOvings & Loans was -0.56. The lowest was -2.69. And the median was -0.91.
NSA:ASOSAVINGS's Equity-to-Asset is not ranked
in the Banks industry.
Industry Median: 0.1
vs NSA:ASOSAVINGS: -2.69
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%.
ASOvings & Loans Equity-to-Asset Related Terms
ASOvings & Loans Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for ASOvings & Loans'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.
ASOvings & Loans Equity-to-Asset Chart
ASOvings & Loans Annual Data
Trend
Dec17
Dec18
Dec19
Dec23
Dec24
Equity-to-Asset
-0.56
-0.73
-0.91
-1.80
-2.69
ASOvings & Loans Semi-Annual Data
Dec17
Dec18
Dec19
Dec23
Dec24
Equity-to-Asset
-0.56
-0.73
-0.91
-1.80
-2.69
NSA:ASOSAVINGS vs RKT, FNMA, PFSI: Equity-to-Asset Comparison
For the Mortgage Finance subindustry, ASOvings & Loans'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.
ASOvings & Loans Equity-to-Asset vs Banks Industry
For the Banks industry and Financial Services sector, ASOvings & Loans's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where ASOvings & Loans'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.
ASOvings & Loans's Equity to Asset Ratio for the fiscal year that ended in Dec. 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.
ASOvings & Loans (NSA:ASOSAVINGS) has a Equity-to-Asset of -2.69 as of Dec. 2024. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on ASOvings & Loans and its competitors.
Is ASOvings & Loans' Equity-to-Asset too high?
ASOvings & Loans' current Equity-to-Asset is -2.69. Overall, ASOvings & Loans has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does ASOvings & Loans' Equity-to-Asset compare to RKT and FNMA?
ASOvings & Loans' Equity-to-Asset of -2.69 can be compared against companies in the Banks industry. The industry median Equity-to-Asset is 0.10. 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 Banks company?
The median Equity-to-Asset among Banks companies is 0.10, based on 1,528 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. 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 ASOvings & Loans and its competitors. For the Banks industry, the median Equity-to-Asset is 0.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASOvings & Loans's current Equity-to-Asset is -2.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASOvings & Loans stock overvalued right now?
ASOvings & Loans (NSA:ASOSAVINGS) has a current Equity-to-Asset of -2.69. The stock's GF Value™ is ₦0.98, compared to a current price of ₦1.07 — trading 9.2% above its estimated fair value. The current Equity-to-Asset is -2.69. ASOvings & Loans' overall GF Score™ is 9/100 with 6 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 ASOvings & Loans (NSA:ASOSAVINGS), the current Equity-to-Asset is -2.69 as of Dec. 2024. 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.
Is ASOvings & Loans (NSA:ASOSAVINGS) Overvalued in 2026?
Based on GuruFocus' analysis, ASOvings & Loans stock appears to be overvalued.
The current stock price of ₦1.07 is trading 9.2% above its estimated GF Value™ of ₦0.98.
Key valuation signals for NSA:ASOSAVINGS:
Equity-to-Asset: -2.69
GF Value™: ₦0.98 vs. price of ₦1.07 (9.2% above fair value)
No single metric tells the full story. See the NSA:ASOSAVINGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ASO Savings & Loans PLC is a Primary Mortgage Institution. The company provides several personal banking products & services, including Social Mortgage, ASO Commercial Mortgage Facility, ASO Performance Bond/Advance Payment Guarantee, Invoice Discounting Facility, Fixed Deposit Account, Regular Savings Account, Flourish Account (Children's Account), ASO Corporate Account, My House Account, ASO Plus Account (Saving Account), ASO Gap Account, ASO Excel Account (Hybrid of Current & Savings account), Commercial Real Estate Advisory, Issuance of Bonds, Issuance of Bank Guarantees, Mortgage Funds Management, and Financial Advisory and Consulting Services.
9GF Score
Get the complete analysis for NSA:ASOSAVINGS
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