Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Cincinnati Financial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $12,098 Mil. Cincinnati Financial's Total Assets for the quarter that ended in Dec. 2023 was $32,769 Mil.
Therefore, Cincinnati Financial's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.37.
The historical rank and industry rank for Cincinnati Financial's Equity-to-Asset or its related term are showing as below:
CINF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.34 Med: 0.36 Max: 0.42
Current: 0.37
During the past 13 years, the highest Equity to Asset Ratio of Cincinnati Financial was 0.42. The lowest was 0.34. And the median was 0.36.
CINF's Equity-to-Asset is ranked better than 72.76% of 492
companies
in the Insurance industry
Industry Median: 0.24
vs CINF: 0.37
Cincinnati Financial Equity-to-Asset Historical Data
The historical data trend for Cincinnati Financial'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.
For the Insurance - Property & Casualty subindustry, Cincinnati Financial'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.
Cincinnati Financial Equity-to-Asset Distribution
For the Insurance industry and Financial Services sector, Cincinnati Financial's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Cincinnati Financial's Equity-to-Asset falls into.
Cincinnati Financial 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.
Cincinnati Financial's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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%.
Cincinnati Financial Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Cincinnati Financial's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Cincinnati Financial (Cincinnati Financial) Business Description
Cincinnati Financial Corp is a property and casualty insurance company that generates income through written premiums. A select group of independent agencies actively markets the company's business, home, and automotive insurance within their communities. These agents offer the company's personal lines as well as its standard market, excess, and surplus commercial line policies in many regions in the United States. Cincinnati Financial also offers leasing and financing services. The company operates in segments: Commercial lines insurance, Personal lines insurance, and Excess and surplus lines insurance, Life insurance, and Investments. The vast majority of the company's revenue is generated through commercial lines, followed by personal lines.
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