Edgars Stores (XZIM:EDGR.ZW) Equity-to-Asset : 0.38 (As of Jun. 2023)

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What is Edgars Stores Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Edgars Stores's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $149.34 Mil. Edgars Stores's Total Assets for the quarter that ended in Jun. 2023 was $396.20 Mil. Therefore, Edgars Stores's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was 0.38.

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

XZIM:EDGR.ZW' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.38 Med: 0.47 Max: 0.64
Current: 0.38

During the past 8 years, the highest Equity to Asset Ratio of Edgars Stores was 0.64. The lowest was 0.38. And the median was 0.47.

XZIM:EDGR.ZW's Equity-to-Asset is ranked worse than
57.91% of 1119 companies
in the Retail - Cyclical industry
Industry Median: 0.44 vs XZIM:EDGR.ZW: 0.38

Edgars Stores Equity-to-Asset Historical Data

The historical data trend for Edgars Stores'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.

Edgars Stores Equity-to-Asset Chart

Edgars Stores Annual Data

Trend

Dec09

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

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0.55

0.51

0.54

0.43

0.41

Edgars Stores Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Equity-to-Asset	Get a 7-Day Free Trial									0.45	0.43	0.47	0.41	0.38

Competitive Comparison of Edgars Stores's Equity-to-Asset

For the Apparel Retail subindustry, Edgars Stores'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.

Edgars Stores's Equity-to-Asset Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Edgars Stores's Equity-to-Asset distribution charts can be found below:

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

Edgars Stores 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.

Edgars Stores's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	26.653	/	64.952
	=	0.41

Edgars Stores's Equity to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

Equity to Asset (Q: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	149.339	/	396.196
	=	0.38

Edgars Stores (XZIM:EDGR.ZW) 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%.

Edgars Stores Equity-to-Asset Related Terms

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

Edgars Stores (XZIM:EDGR.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Edgars Stores Ltd (XZIM:EDGR.ZW) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cnr Ninth Avenue / Herbert Chitepo Street, P.O. Box 894, Bulawayo, ZWE

Website

https://www.edgars.co.zw

Edgars Stores Ltd retails clothing, footwear, textiles, and accessories in Zimbabwe. The company also manufactures and sells a range of denim, as well as ladies', children's, and gents' casual wear to other retailers. The company has classified its products and services into six operating segments namely Retailing, Edgars, Jet, Manufacturing, Micro Finance, and Financial Services. The majority of the revenue is generated from the retail sales of its products. Its operations are spread across Zimbabwe.

Edgars Stores (XZIM:EDGR.ZW) Headlines

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