Nippon Souken Co (TSE:5840) Equity-to-Asset : 0.20 (As of Nov. 2023)

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What is Nippon Souken Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Nippon Souken Co's Total Stockholders Equity for the quarter that ended in Nov. 2023 was 円68.3 Mil. Nippon Souken Co's Total Assets for the quarter that ended in Nov. 2023 was 円348.6 Mil. Therefore, Nippon Souken Co's Equity to Asset Ratio for the quarter that ended in Nov. 2023 was 0.20.

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

TSE:5840' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.12 Med: 0.16 Max: 0.2
Current: 0.2

During the past 3 years, the highest Equity to Asset Ratio of Nippon Souken Co was 0.20. The lowest was 0.12. And the median was 0.16.

TSE:5840's Equity-to-Asset is ranked worse than
56.2% of 500 companies
in the Insurance industry
Industry Median: 0.24 vs TSE:5840: 0.20

Nippon Souken Co Equity-to-Asset Historical Data

The historical data trend for Nippon Souken 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.

Nippon Souken Co Equity-to-Asset Chart

Nippon Souken Co Annual Data

Trend

Nov21

Nov22

Nov23

Equity-to-Asset

0.12

0.16

0.20

Nippon Souken Co Semi-Annual Data
	Nov21	Nov22	Nov23
Equity-to-Asset	0.12	0.16	0.20

Competitive Comparison of Nippon Souken Co's Equity-to-Asset

For the Insurance Brokers subindustry, Nippon Souken 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.

Nippon Souken Co's Equity-to-Asset Distribution in the Insurance Industry

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

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

Nippon Souken 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.

Nippon Souken Co's Equity to Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Equity to Asset (A: Nov. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	68.254	/	348.58
	=	0.20

Nippon Souken Co's Equity to Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

Equity to Asset (Q: Nov. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	68.254	/	348.58
	=	0.20

Nippon Souken Co (TSE:5840) 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%.

Nippon Souken Co Equity-to-Asset Related Terms

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

Nippon Souken Co (TSE:5840) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Nippon Souken Co Ltd (TSE:5840) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-1 Sunport, Takamatsu Symbol Tower 9th floor, Kagawa Prefecture, Takamatsu, JPN, 760-0019

Website

https://www.iba-ns.com

Nippon Souken Co Ltd is an insurance broker authorized by the Financial Services Agency to specialize in risk and insurance. The company provides a one-stop solution to the problems faced by insurance representatives.

Nippon Souken Co (TSE:5840) Headlines

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