Aluworks (XGHA:ALW) Equity-to-Asset : -0.07 (As of Dec. 2020)

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What is Aluworks Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Aluworks's Total Stockholders Equity for the quarter that ended in Dec. 2020 was GHS-14.68 Mil. Aluworks's Total Assets for the quarter that ended in Dec. 2020 was GHS215.40 Mil. Therefore, Aluworks's Equity to Asset Ratio for the quarter that ended in Dec. 2020 was -0.07.

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

XGHA:ALW's Equity-to-Asset is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.79
* Ranked among companies with meaningful Equity-to-Asset only.

Aluworks Equity-to-Asset Historical Data

The historical data trend for Aluworks'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.

Aluworks Equity-to-Asset Chart

Aluworks Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Equity-to-Asset

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0.38

0.27

0.32

0.09

-0.07

Aluworks Semi-Annual Data
	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20
Equity-to-Asset	Get a 7-Day Free Trial			0.38	0.27	0.32	0.09	-0.07

Competitive Comparison of Aluworks's Equity-to-Asset

For the Aluminum subindustry, Aluworks'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.

Aluworks's Equity-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Aluworks's Equity-to-Asset distribution charts can be found below:

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

Aluworks 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.

Aluworks's Equity to Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Equity to Asset (A: Dec. 2020 )	=	Total Stockholders Equity	/	Total Assets
	=	-14.683	/	215.398
	=	-0.07

Aluworks's Equity to Asset Ratio for the quarter that ended in Dec. 2020 is calculated as

Equity to Asset (Q: Dec. 2020 )	=	Total Stockholders Equity	/	Total Assets
	=	-14.683	/	215.398
	=	-0.07

Aluworks (XGHA:ALW) 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%.

Aluworks Equity-to-Asset Related Terms

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

Aluworks (XGHA:ALW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aluworks Ltd (XGHA:ALW) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 63/1, Heavy Industrial Area, P. O. Box CO 914, Greater Accra, Tema, GHA

Website

https://www.aluworks.com

Aluworks Ltd is engaged in continuous casting and cold rolling of aluminum products. The company manufactures aluminum coils, circles, corrugated sheets, and flat sheets. It acts as a supplier of aluminum coils, discs, flat sheets and sheet-in-coil as raw materials for many small and medium-scale factories manufacturing aluminum household cooking utensils, corrugated roofing sheets, and general fabrication. The company generates the majority of its revenue from Ghana.

Aluworks (XGHA:ALW) Headlines

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