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Solidarityudi Takaful Co (SAU:8290) Equity-to-Asset : 0.35 (As of Sep. 2020)


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What is Solidarityudi Takaful Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Solidarityudi Takaful Co's Total Stockholders Equity for the quarter that ended in Sep. 2020 was ﷼188.9 Mil. Solidarityudi Takaful Co's Total Assets for the quarter that ended in Sep. 2020 was ﷼543.5 Mil. Therefore, Solidarityudi Takaful Co's Equity to Asset Ratio for the quarter that ended in Sep. 2020 was 0.35.

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

SAU:8290's Equity-to-Asset is not ranked *
in the Insurance industry.
Industry Median: 0.24
* Ranked among companies with meaningful Equity-to-Asset only.

Solidarityudi Takaful Co Equity-to-Asset Historical Data

The historical data trend for Solidarityudi Takaful 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.

Solidarityudi Takaful Co Equity-to-Asset Chart

Solidarityudi Takaful Co Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.30 0.37 0.60 0.47 0.36

Solidarityudi Takaful Co Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.37 0.36 0.35 0.34 0.35

Competitive Comparison of Solidarityudi Takaful Co's Equity-to-Asset

For the Insurance - Diversified subindustry, Solidarityudi Takaful 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.


Solidarityudi Takaful Co's Equity-to-Asset Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Solidarityudi Takaful Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Solidarityudi Takaful Co's Equity-to-Asset falls into.



Solidarityudi Takaful 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.

Solidarityudi Takaful Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2019 is calculated as

Equity to Asset (A: Dec. 2019 )=Total Stockholders Equity/Total Assets
=210.229/585.269
=0.36

Solidarityudi Takaful Co's Equity to Asset Ratio for the quarter that ended in Sep. 2020 is calculated as

Equity to Asset (Q: Sep. 2020 )=Total Stockholders Equity/Total Assets
=188.886/543.52
=0.35

* 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.


Solidarityudi Takaful Co  (SAU:8290) 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%.


Solidarityudi Takaful Co Equity-to-Asset Related Terms

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Solidarityudi Takaful Co (SAU:8290) Business Description

Traded in Other Exchanges
N/A
Address
King Fahad Road, Redex Tower 8th, 9th and 10th Floor, Riyadh, SAU, 11612
Solidarity Saudi Takaful Co engages in the provision of life and non-life insurance in Saudi Arabia. It offers a range of the Insurance products that are available for all the major lines of business such as Medical, Motor Vehicle, Property, Marine, Engineering, General Accident, Liability and Group Life Insurance.

Solidarityudi Takaful Co (SAU:8290) Headlines

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