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Enterprise Group (XGHA:EGL) Liabilities-to-Assets : 0.57 (As of Dec. 2022)


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What is Enterprise Group Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Enterprise Group's Total Liabilities for the quarter that ended in Dec. 2022 was GHS1,391 Mil. Enterprise Group's Total Assets for the quarter that ended in Dec. 2022 was GHS2,422 Mil. Therefore, Enterprise Group's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2022 was 0.57.


Enterprise Group Liabilities-to-Assets Historical Data

The historical data trend for Enterprise Group's Liabilities-to-Assets 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.

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Enterprise Group Liabilities-to-Assets Chart

Enterprise Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.57 0.56 0.56 0.61 0.57

Enterprise Group Semi-Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Liabilities-to-Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.57 0.56 0.56 0.61 0.57

Competitive Comparison of Enterprise Group's Liabilities-to-Assets

For the Insurance - Life subindustry, Enterprise Group's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.


Enterprise Group's Liabilities-to-Assets Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Enterprise Group's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Enterprise Group's Liabilities-to-Assets falls into.



Enterprise Group Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Enterprise Group's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Liabilities-to-Assets (A: Dec. 2022 )=Total Liabilities/Total Assets
=1390.663/2422.385
=0.57

Enterprise Group's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2022 is calculated as

Liabilities-to-Assets (Q: Dec. 2022 )=Total Liabilities/Total Assets
=1390.663/2422.385
=0.57

* 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.


Enterprise Group  (XGHA:EGL) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


Enterprise Group Liabilities-to-Assets Related Terms

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Enterprise Group (XGHA:EGL) Business Description

Traded in Other Exchanges
N/A
Address
Mayor Road, Ridge West, Accra, Advantage Place, Accra, GHA, PMB 150
Enterprise Group Ltd is engaged in the business of investments, life, non-life and health insurance underwriting, pensions funds management, provision of funeral services and real estate development and management. It also underwrites insurance risks, associated with death, disability, health, property, and liability. The group is organized into six operating segments. These segments are Non-life insurance business; Life assurance business; Pension administration; Real estate; Funeral services; and Investments. The company derives its revenues from Life assurance business.