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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Unity Bank's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₦-326,873.32 Mil. Unity Bank's Total Assets for the quarter that ended in Dec. 2023 was ₦472,584.92 Mil.
Therefore, Unity Bank's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -0.69.
The historical rank and industry rank for Unity Bank's Equity-to-Asset or its related term are showing as below:
NSA:UBP's Equity-to-Asset is not ranked *
in the Banks industry.
Industry Median: 0.1 * Ranked among companies with meaningful Equity-to-Asset only.
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%.
Unity Bank Equity-to-Asset Related Terms
Unity Bank Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Unity Bank'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.
For the Banks - Regional subindustry, Unity Bank'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.
Unity Bank Equity-to-Asset vs Banks Industry
For the Banks industry and Financial Services sector, Unity Bank's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Unity Bank'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.
Unity Bank's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 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.
Unity Bank (NSA:UBP) has a Equity-to-Asset of -0.69 as of Dec. 2023. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Unity Bank and its competitors.
Is Unity Bank's Equity-to-Asset too high?
Unity Bank's current Equity-to-Asset is -0.69. Overall, Unity Bank has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Unity Bank's Equity-to-Asset compare to USB and PNC?
Unity Bank's Equity-to-Asset of -0.69 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 1,525 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 Unity Bank 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. Unity Bank's current Equity-to-Asset is -0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unity Bank stock overvalued right now?
Unity Bank (NSA:UBP) has a current Equity-to-Asset of -0.69. The current Equity-to-Asset is -0.69. Unity Bank's overall GF Score™ is 8/100. 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 Unity Bank (NSA:UBP), the current Equity-to-Asset is -0.69 as of Dec. 2023. 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.
Unity Bank PLC provides a range of retail, corporate, treasury and investment banking services in Nigeria. The Bank's offerings include Private banking, Digital Banking, Business banking, custody services, consumer loans & mortgages, structured financing, and corporate leasing services among others. It has six Business segments Corporate Banking, Commercial Banking, Personal Banking, Private Banking, SME and Institutional Banking. The Bank operated two geographical segments in addition to the Head Office which is: North and South Bank, of which it dervies majority revenue from North Bank.
8GF Score
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