Emirates Central Cooling Systems PJSC (DFM:EMPOWER) Equity-to-Asset : 0.27 (As of Mar. 2024)

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What is Emirates Central Cooling Systems PJSC Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Emirates Central Cooling Systems PJSC's Total Stockholders Equity for the quarter that ended in Mar. 2024 was د.إ2,886 Mil. Emirates Central Cooling Systems PJSC's Total Assets for the quarter that ended in Mar. 2024 was د.إ10,721 Mil. Therefore, Emirates Central Cooling Systems PJSC's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.27.

The historical rank and industry rank for Emirates Central Cooling Systems PJSC's Equity-to-Asset or its related term are showing as below:

DFM:EMPOWER' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.27 Med: 0.31 Max: 0.62
Current: 0.27

During the past 5 years, the highest Equity to Asset Ratio of Emirates Central Cooling Systems PJSC was 0.62. The lowest was 0.27. And the median was 0.31.

DFM:EMPOWER's Equity-to-Asset is ranked worse than
62.36% of 441 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.4 vs DFM:EMPOWER: 0.27

Emirates Central Cooling Systems PJSC Equity-to-Asset Historical Data

The historical data trend for Emirates Central Cooling Systems PJSC'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.

Emirates Central Cooling Systems PJSC Equity-to-Asset Chart

Emirates Central Cooling Systems PJSC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.62

0.58

0.57

0.31

0.32

Emirates Central Cooling Systems PJSC Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial									0.29	0.31	0.29	0.32	0.27

Competitive Comparison of Emirates Central Cooling Systems PJSC's Equity-to-Asset

For the Utilities - Independent Power Producers subindustry, Emirates Central Cooling Systems PJSC'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.

Emirates Central Cooling Systems PJSC's Equity-to-Asset Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Emirates Central Cooling Systems PJSC's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Emirates Central Cooling Systems PJSC's Equity-to-Asset falls into.

Emirates Central Cooling Systems PJSC 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.

Emirates Central Cooling Systems PJSC'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
	=	3144.218	/	9728.166
	=	0.32

Emirates Central Cooling Systems PJSC's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	2885.601	/	10721.494
	=	0.27

Emirates Central Cooling Systems PJSC (DFM:EMPOWER) 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%.

Emirates Central Cooling Systems PJSC Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Emirates Central Cooling Systems PJSC's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Emirates Central Cooling Systems PJSC (DFM:EMPOWER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Emirates Central Cooling Systems Corp PJSC (DFM:EMPOWER) » Definitions » Equity-to-Asset

Traded in Other Exchanges

N/A

Address

Jumeirah Beach Road, 2nd December Street, P O Box 8081, Al Hudaiba Awards Building, Block A, 8th Floor, Opposite Etihad Museum, Dubai, ARE

Website

https://www.empower.ae

Emirates Central Cooling Systems Corp PJSC engages in offering district cooling services (DCS). It engages in the centralized production and distribution of cooling energy. The firm provides its services to a portfolio of projects such as Deira Waterfront, Blue Waters, Jumeirah Group, Jumeirah Beach Residence, Dubai International Financial Centre, Business Bay, Dubai Healthcare City, Jumeirah Lake Towers, Palm Jumeirah, Discovery Gardens, Ibn Battuta Mall, Dubai Design District, Dubai Production City and many more.

Emirates Central Cooling Systems PJSC (DFM:EMPOWER) Headlines

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