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Sagicor Financial Co (TSX:SFC) Equity-to-Asset : 0.04 (As of Dec. 2023)


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What is Sagicor Financial Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Sagicor Financial Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$1,303 Mil. Sagicor Financial Co's Total Assets for the quarter that ended in Dec. 2023 was C$30,032 Mil. Therefore, Sagicor Financial Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.04.

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

TSX:SFC' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.05   Med: 0.04   Max: 0.12
Current: 0.04

During the past 7 years, the highest Equity to Asset Ratio of Sagicor Financial Co was 0.12. The lowest was -0.05. And the median was 0.04.

TSX:SFC's Equity-to-Asset is ranked worse than
90.24% of 492 companies
in the Insurance industry
Industry Median: 0.24 vs TSX:SFC: 0.04

Sagicor Financial Co Equity-to-Asset Historical Data

The historical data trend for Sagicor Financial 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.

Sagicor Financial Co Equity-to-Asset Chart

Sagicor Financial Co Annual Data
Trend Mar17 Mar18 Mar19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial -0.05 0.12 0.06 0.04 0.04

Sagicor Financial Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.04 0.04 0.04 0.04

Competitive Comparison of Sagicor Financial Co's Equity-to-Asset

For the Insurance - Life subindustry, Sagicor Financial 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.


Sagicor Financial Co's Equity-to-Asset Distribution in the Insurance Industry

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

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



Sagicor Financial 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.

Sagicor Financial Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )=Total Stockholders Equity/Total Assets
=1302.605/30031.563
=0.04

Sagicor Financial 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
=1302.605/30031.563
=0.04

* 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.


Sagicor Financial Co  (TSX:SFC) 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%.


Sagicor Financial Co Equity-to-Asset Related Terms

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


Sagicor Financial Co (TSX:SFC) Business Description

Traded in Other Exchanges
Address
Cecil F De Caires Building, Wildey, Saint Michael, BRB, BB15096
Sagicor Financial Co Ltd is a financial services provider in the Caribbean. The firm offers various products and services, including life, health, and general insurance, annuities, pension administration, banking, and investment management. Sagicor operates through three segments namely Sagicor Jamaica, Sagicor Life USA, and Sagicor Life. Geographically, the firm operates in Jamaica, the United States, Barbados, Trinidad and Tobago, and other countries in the Caribbean. The company derives a majority of its revenue from the United States.

Sagicor Financial Co (TSX:SFC) Headlines

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