Dubai Taxi Co (DFM:DTC) Equity-to-Asset : 0.16 (As of Dec. 2023)

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What is Dubai Taxi Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Dubai Taxi Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was د.إ307.7 Mil. Dubai Taxi Co's Total Assets for the quarter that ended in Dec. 2023 was د.إ1,969.1 Mil. Therefore, Dubai Taxi Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.16.

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

DFM:DTC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.16 Med: 0.23 Max: 0.27
Current: 0.16

During the past 5 years, the highest Equity to Asset Ratio of Dubai Taxi Co was 0.27. The lowest was 0.16. And the median was 0.23.

DFM:DTC's Equity-to-Asset is ranked worse than
87.8% of 1090 companies
in the Business Services industry
Industry Median: 0.49 vs DFM:DTC: 0.16

Dubai Taxi Co Equity-to-Asset Historical Data

The historical data trend for Dubai Taxi 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.

Dubai Taxi Co Equity-to-Asset Chart

Dubai Taxi Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.23

0.25

0.27

0.22

0.16

Dubai Taxi Co Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial				-	0.22	-	0.12	0.16

Competitive Comparison of Dubai Taxi Co's Equity-to-Asset

For the Rental & Leasing Services subindustry, Dubai Taxi 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.

Dubai Taxi Co's Equity-to-Asset Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Dubai Taxi Co's Equity-to-Asset distribution charts can be found below:

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

Dubai Taxi 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.

Dubai Taxi 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
	=	307.705	/	1969.142
	=	0.16

Dubai Taxi 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
	=	307.705	/	1969.142
	=	0.16

Dubai Taxi Co (DFM:DTC) 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%.

Dubai Taxi Co Equity-to-Asset Related Terms

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Dubai Taxi Co (DFM:DTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Dubai Taxi Co (DFM:DTC) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Amman Street, First floor, main building, Al Muhaisnah area, Dubai, ARE

Website

https://www.dubaitaxi.ae

Dubai Taxi Co is a mobility solutions and taxi operator company in Dubai. It offers a wide range of transportation solutions across its four main business lines, which include taxi services through its large, environmentally friendly fleet, VIP limousine services consisting of chauffeur-driven vehicles to provide luxury service, bus services, and last-mile delivery services via delivery bikes. The company operates more than 7,000 vehicles.