Associated Commercial Co (XMAU:ACC) Equity-to-Asset : 0.88 (As of Dec. 2023)

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What is Associated Commercial Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Associated Commercial Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was MUR599.0 Mil. Associated Commercial Co's Total Assets for the quarter that ended in Dec. 2023 was MUR678.9 Mil. Therefore, Associated Commercial Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.88.

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

XMAU:ACC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.83 Med: 0.88 Max: 0.93
Current: 0.88

During the past 4 years, the highest Equity to Asset Ratio of Associated Commercial Co was 0.93. The lowest was 0.83. And the median was 0.88.

XMAU:ACC's Equity-to-Asset is ranked better than
96.96% of 1315 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs XMAU:ACC: 0.88

Associated Commercial Co Equity-to-Asset Historical Data

The historical data trend for Associated Commercial 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.

Associated Commercial Co Equity-to-Asset Chart

Associated Commercial Co Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Equity-to-Asset

0.93

0.83

0.85

0.84

Associated Commercial Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial									0.87	0.88	0.84	0.90	0.88

Competitive Comparison of Associated Commercial Co's Equity-to-Asset

For the Auto Parts subindustry, Associated Commercial 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.

Associated Commercial Co's Equity-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Associated Commercial Co's Equity-to-Asset distribution charts can be found below:

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

Associated Commercial 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.

Associated Commercial Co's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	587.738	/	701.283
	=	0.84

Associated Commercial Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	599.022	/	678.916
	=	0.88

Associated Commercial Co (XMAU:ACC) 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%.

Associated Commercial Co Equity-to-Asset Related Terms

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

Associated Commercial Co (XMAU:ACC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Associated Commercial Co Ltd (XMAU:ACC) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o United Bus Service Ltd., Les Cassis, Port Louis, MUS

Website

https://www.accgroup.mu/acc

Associated Commercial Co Ltd is a dealer of motor vehicles, spare parts, new tyres and accessories. The principal activity of the company is the import and distribution tyres, tubes, flaps and spare parts for commercial vehicles. The company's reportable segments are Vehicles, Batteries and Lubricants, Spare Parts and Tyres. The company generates majority of its revenue from Tyres segment.