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Food Gate Trading Co (SAU:9562) Equity-to-Asset : 0.69 (As of Jun. 2024)


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What is Food Gate Trading Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Food Gate Trading Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ﷼47.89 Mil. Food Gate Trading Co's Total Assets for the quarter that ended in Jun. 2024 was ﷼69.71 Mil. Therefore, Food Gate Trading Co's Equity to Asset Ratio for the quarter that ended in Jun. 2024 was 0.69.

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

SAU:9562' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.33   Med: 0.67   Max: 0.69
Current: 0.69

During the past 3 years, the highest Equity to Asset Ratio of Food Gate Trading Co was 0.69. The lowest was 0.33. And the median was 0.67.

SAU:9562's Equity-to-Asset is ranked better than
91.11% of 360 companies
in the Restaurants industry
Industry Median: 0.37 vs SAU:9562: 0.69

Food Gate Trading Co Equity-to-Asset Historical Data

The historical data trend for Food Gate Trading 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.

Food Gate Trading Co Equity-to-Asset Chart

Food Gate Trading Co Annual Data
Trend Dec21 Dec22 Dec23
Equity-to-Asset
0.33 0.59 0.67

Food Gate Trading Co Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Equity-to-Asset Get a 7-Day Free Trial - 0.59 0.68 0.67 0.69

Competitive Comparison of Food Gate Trading Co's Equity-to-Asset

For the Restaurants subindustry, Food Gate Trading 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.


Food Gate Trading Co's Equity-to-Asset Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Food Gate Trading Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Food Gate Trading Co's Equity-to-Asset falls into.


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Food Gate Trading 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.

Food Gate Trading 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
=45.862/68.712
=0.67

Food Gate Trading Co's Equity to Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

Equity to Asset (Q: Jun. 2024 )=Total Stockholders Equity/Total Assets
=47.889/69.709
=0.69

* 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.


Food Gate Trading Co  (SAU:9562) 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%.


Food Gate Trading Co Equity-to-Asset Related Terms

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


Food Gate Trading Co Business Description

Traded in Other Exchanges
N/A
Address
Wadi Al-Shati Street, PO Box. 12018, Alghadir, Riyadh, SAU, 13311
Food Gate Trading Co is a Saudi-owned food and beverage company, dedicated to creating signature dining concepts across a range of cuisines and culinary experiences at dining outlets.

Food Gate Trading Co Headlines

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