Equity to Asset ratio is calculated as total stockholders equity divided by total asset. National Interstate's Total Stockholders Equity for the quarter that ended in Sep. 2016 was $391.7 Mil. National Interstate's Total Assets for the quarter that ended in Sep. 2016 was $2,031.8 Mil.
Therefore, National Interstate's Equity to Asset Ratio for the quarter that ended in Sep. 2016 was 0.19.
The historical rank and industry rank for National Interstate's Equity-to-Asset or its related term are showing as below:
NATL's Equity-to-Asset is not ranked *
in the Insurance industry.
Industry Median: 0.24 * Ranked among companies with meaningful Equity-to-Asset only.
National Interstate Equity-to-Asset Historical Data
The historical data trend for National Interstate'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.
Competitive Comparison of National Interstate's Equity-to-Asset
For the Insurance - Property & Casualty subindustry, National Interstate'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.
National Interstate's Equity-to-Asset Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, National Interstate's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where National Interstate's Equity-to-Asset falls into.
National Interstate 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.
National Interstate's Equity to Asset Ratio for the fiscal year that ended in Dec. 2015 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.
National Interstate (NAS:NATL) 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%.
National Interstate Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of National Interstate's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
National Interstate (National Interstate) Business Description
National Interstate Corp was founded in 1989. The Company, together with its subsidiaries operates as an insurance holding company group that underwrites and sells traditional and alternative property and casualty insurance products to the passenger transportation, trucking and moving and storage industries, general commercial insurance to small businesses in Hawaii and Alaska and personal insurance to owners of recreational vehicles throughout the United States. It is a specialty property and casualty insurance company with a niche orientation and a focus on the transportation industry. It offers over 40 product lines in the specialty property and casualty insurance market, which it groups into four general business components, alternative risk transfer, transportation, specialty personal lines and Hawaii and Alaska based on the class of business, insureds' risk participation or geographic location. Alternative risk transfer underwrites, markets and distributes truck transportation, passenger transportation and moving and storage ART insurance products, also known as captives. Transportation underwrites commercial auto liability, general liability, physical damage, workers' compensation and motor truck cargo and related coverages for truck and passenger operators. Specialty personal lines offer coverage for campsite liability, vehicle replacement coverage and coverage for trailers, golf carts and campsite storage facilities. The Company offers its products through multiple distribution channels including independent agents and brokers, program administrators, affiliated agencies and agent internet initiatives. The Company competes with Lancer Insurance Company, RLI Corporation, Great West Casualty Company, Northland Insurance Company, Sentry Insurance, Progressive Corporation and National General Insurance, Liberty Mutual Insurance Company, First Insurance, Dongbu Insurance Company, DTRIC Insurance Company, Zurich Insurance Company, American International Group, Inc., Travelers Company, Inc.
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