Sangani Hospitals (NSE:SANGANI) Equity-to-Asset : 0.92 (As of Mar. 2023)

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What is Sangani Hospitals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Sangani Hospitals's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹179.7 Mil. Sangani Hospitals's Total Assets for the quarter that ended in Mar. 2023 was ₹195.9 Mil. Therefore, Sangani Hospitals's Equity to Asset Ratio for the quarter that ended in Mar. 2023 was 0.92.

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

NSE:SANGANI' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.56 Med: 0.64 Max: 0.92
Current: 0.92

During the past 4 years, the highest Equity to Asset Ratio of Sangani Hospitals was 0.92. The lowest was 0.56. And the median was 0.64.

NSE:SANGANI's Equity-to-Asset is ranked better than
97.21% of 680 companies
in the Healthcare Providers & Services industry
Industry Median: 0.46 vs NSE:SANGANI: 0.92

Sangani Hospitals Equity-to-Asset Historical Data

The historical data trend for Sangani Hospitals'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.

Sangani Hospitals Equity-to-Asset Chart

Sangani Hospitals Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

0.56

0.72

0.92

Sangani Hospitals Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Equity-to-Asset	0.56	0.56	0.72	0.92

Competitive Comparison of Sangani Hospitals's Equity-to-Asset

For the Medical Care Facilities subindustry, Sangani Hospitals'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.

Sangani Hospitals's Equity-to-Asset Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Sangani Hospitals's Equity-to-Asset distribution charts can be found below:

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

Sangani Hospitals 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.

Sangani Hospitals's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	179.729	/	195.901
	=	0.92

Sangani Hospitals's Equity to Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

Equity to Asset (Q: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	179.729	/	195.901
	=	0.92

Sangani Hospitals (NSE:SANGANI) 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%.

Sangani Hospitals Equity-to-Asset Related Terms

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

Sangani Hospitals (NSE:SANGANI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Sangani Hospitals Ltd (NSE:SANGANI) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sainath Society, Opp. S. T, Village Keshod, Junagadh, GJ, IND, 362220

Website

https://www.sanganihospitals.com

Sangani Hospitals Ltd is a multi-specialty healthcare provider operating in the Keshod and Veraval regions of Gujarat with a combined bed capacity of 68 beds. Its services predominantly includes super specialty services, specialty services and other support services. It also operates a pathology laboratory and medical store. Currently, It operates out of two hospitals i.e. Sangani Hospital at Keshod, Junagadh, Gujarat and Sangani Super Speciality Hospital, Veraval, Gujarat. Sangani Hospital is 36 beds multi-specialty hospital with primary, secondary and tertiary care facilities.

Sangani Hospitals (NSE:SANGANI) Headlines

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