Challenger (ASX:CGF) Equity-to-Asset

: 0.12 (As of Dec. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Challenger's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$3,900.1 Mil. Challenger's Total Assets for the quarter that ended in Dec. 2023 was A$33,136.0 Mil. Therefore, Challenger's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.12.

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

ASX:CGF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.11 Med: 0.13 Max: 0.14
Current: 0.12

During the past 13 years, the highest Equity to Asset Ratio of Challenger was 0.14. The lowest was 0.11. And the median was 0.13.

ASX:CGF's Equity-to-Asset is ranked worse than
72.15% of 492 companies
in the Insurance industry
Industry Median: 0.24 vs ASX:CGF: 0.12

Challenger Equity-to-Asset Historical Data

The historical data trend for Challenger'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.

Challenger Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Equity-to-Asset

0.13

0.11

0.13

Challenger Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset																0.14	0.13	0.13	0.13	0.12

Competitive Comparison

For the Insurance - Life subindustry, Challenger'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.

Challenger Equity-to-Asset Distribution

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

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

Challenger 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.

Challenger'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
	=	4160.4	/	30938
	=	0.13

Challenger'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
	=	3900.1	/	33136
	=	0.12

Challenger (ASX:CGF) 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%.

Challenger Equity-to-Asset Related Terms

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

Challenger (ASX:CGF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Challenger Ltd (ASX:CGF) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

CFIGF:USA CGFPC.PFD:Australia

Address

5 Martin Place, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.challenger.com.au

Challenger's core business is selling annuity products in the Australian retirement market and, since November 2016, selling Australian dollar-denominated annuities into Japan's large retirement market. The firm's annuity products provide investors guaranteed regular payments over an agreed term for an up-front lump sum investment and is designed primarily to protect investors from the longevity risk of outliving their savings. Challenger also operates a funds management business, Fidante Partners, which has minority stakes in several boutique global investment managers, and Challenger Investment Management, which primarily manages investments supporting its annuities business.

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