Theeb Car Rental Co (SAU:4261) Equity-to-Asset : 0.32 (As of Mar. 2024)

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What is Theeb Car Rental Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Theeb Car Rental Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ﷼753 Mil. Theeb Car Rental Co's Total Assets for the quarter that ended in Mar. 2024 was ﷼2,338 Mil. Therefore, Theeb Car Rental Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.32.

The historical rank and industry rank for Theeb Car Rental Co's Equity-to-Asset or its related term are showing as below:

SAU:4261' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.32 Med: 0.36 Max: 0.39
Current: 0.32

During the past 4 years, the highest Equity to Asset Ratio of Theeb Car Rental Co was 0.39. The lowest was 0.32. And the median was 0.36.

SAU:4261's Equity-to-Asset is ranked worse than
72.43% of 1088 companies
in the Business Services industry
Industry Median: 0.5 vs SAU:4261: 0.32

Theeb Car Rental Co Equity-to-Asset Historical Data

The historical data trend for Theeb Car Rental Co'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.

Theeb Car Rental Co Equity-to-Asset Chart

Theeb Car Rental Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.37

0.36

0.33

Theeb Car Rental Co Quarterly Data
	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												0.36	0.34	0.34	0.33	0.32

Competitive Comparison of Theeb Car Rental Co's Equity-to-Asset

For the Rental & Leasing Services subindustry, Theeb Car Rental Co'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.

Theeb Car Rental Co's Equity-to-Asset Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Theeb Car Rental Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Theeb Car Rental Co's Equity-to-Asset falls into.

Theeb Car Rental Co 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.

Theeb Car Rental Co'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
	=	729.676	/	2238.827
	=	0.33

Theeb Car Rental Co'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
	=	752.522	/	2338.285
	=	0.32

Theeb Car Rental Co (SAU:4261) 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%.

Theeb Car Rental Co Equity-to-Asset Related Terms

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

Theeb Car Rental Co (SAU:4261) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Theeb Car Rental Co (SAU:4261) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

North Ring Road, between Exit 12 and 13, P.O. Box 9551, Al Rawda District, Riyadh, SAU, 11423

Website

https://www.theebonline.com

Theeb Car Rental Co is engaged in car rental and leasing. It operates in three segments namely: Short term lease; Long term lease; and Other. Short term lease segment represents activities involving the leasing of cars to customers under short-term rental arrangements (daily and monthly). Long term lease segment represents activities involving the leasing of cars to customers under medium to longer-term operating lease arrangements. Car sales (others) represents the sales of vehicles that were previously held as a part of the lease or rental fleet. Majority of revenue is generated from Short term lease.

Theeb Car Rental Co (SAU:4261) Headlines

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