Meikles (LSE:MIK) Equity-to-Asset : 0.39 (As of Aug. 2023)

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What is Meikles Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Meikles's Total Stockholders Equity for the quarter that ended in Aug. 2023 was $565 Mil. Meikles's Total Assets for the quarter that ended in Aug. 2023 was $1,460 Mil. Therefore, Meikles's Equity to Asset Ratio for the quarter that ended in Aug. 2023 was 0.39.

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

LSE:MIK' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.35 Med: 0.49 Max: 0.59
Current: 0.39

During the past 7 years, the highest Equity to Asset Ratio of Meikles was 0.59. The lowest was 0.35. And the median was 0.49.

LSE:MIK's Equity-to-Asset is ranked worse than
56.8% of 1118 companies
in the Retail - Cyclical industry
Industry Median: 0.44 vs LSE:MIK: 0.39

Meikles Equity-to-Asset Historical Data

The historical data trend for Meikles'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.

Meikles Equity-to-Asset Chart

Meikles Annual Data

Trend

Dec08

Dec09

Mar11

Mar12

Mar19

Mar20

Mar21

Equity-to-Asset

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0.54

0.52

0.43

0.51

0.49

Meikles Semi-Annual Data
	Dec09	Mar11	Mar12	Sep12	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Aug23
Equity-to-Asset	Get a 7-Day Free Trial									0.49	0.51	0.35	0.44	0.39

Competitive Comparison of Meikles's Equity-to-Asset

For the Department Stores subindustry, Meikles'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.

Meikles's Equity-to-Asset Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Meikles's Equity-to-Asset distribution charts can be found below:

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

Meikles 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.

Meikles's Equity to Asset Ratio for the fiscal year that ended in Mar. 2021 is calculated as

Equity to Asset (A: Mar. 2021 )	=	Total Stockholders Equity	/	Total Assets
	=	45.515	/	93.663
	=	0.49

Meikles's Equity to Asset Ratio for the quarter that ended in Aug. 2023 is calculated as

Equity to Asset (Q: Aug. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	564.64	/	1459.862
	=	0.39

Meikles (LSE:MIK) 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%.

Meikles Equity-to-Asset Related Terms

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

Meikles (LSE:MIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meikles Ltd (LSE:MIK) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

MEIK.ZW:Zimbabwe

Address

4 Steppes Road, Highlands, Harare, ZWE

Website

https://www.meiklesltd.com

Meikles Ltd is a Zimbabwe-based investment holding company. Its business segments include Supermarkets, Hotels, properties, and security guard operations. It is organized into two geographical segments, Zimbabwe, and non-Zimbabwe. The majority of its revenue is generated from the Supermarkets segment within Zimbabwe.