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The Mediterranean and Gulf Insurance and Reinsurance Co (SAU:8030) Equity-to-Asset : 0.30 (As of Mar. 2024)


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What is The Mediterranean and Gulf Insurance and Reinsurance Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. The Mediterranean and Gulf Insurance and Reinsurance Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ﷼944 Mil. The Mediterranean and Gulf Insurance and Reinsurance Co's Total Assets for the quarter that ended in Mar. 2024 was ﷼3,165 Mil. Therefore, The Mediterranean and Gulf Insurance and Reinsurance Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.30.

The historical rank and industry rank for The Mediterranean and Gulf Insurance and Reinsurance Co's Equity-to-Asset or its related term are showing as below:

SAU:8030' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.09   Med: 0.18   Max: 0.32
Current: 0.3

During the past 13 years, the highest Equity to Asset Ratio of The Mediterranean and Gulf Insurance and Reinsurance Co was 0.32. The lowest was 0.09. And the median was 0.18.

SAU:8030's Equity-to-Asset is ranked better than
62.1% of 496 companies
in the Insurance industry
Industry Median: 0.24 vs SAU:8030: 0.30

The Mediterranean and Gulf Insurance and Reinsurance Co Equity-to-Asset Historical Data

The historical data trend for The Mediterranean and Gulf Insurance and Reinsurance 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.

The Mediterranean and Gulf Insurance and Reinsurance Co Equity-to-Asset Chart

The Mediterranean and Gulf Insurance and Reinsurance Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.20 0.20 0.32 0.23 0.29

The Mediterranean and Gulf Insurance and Reinsurance Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.22 0.21 0.23 0.29 0.30

Competitive Comparison of The Mediterranean and Gulf Insurance and Reinsurance Co's Equity-to-Asset

For the Insurance - Diversified subindustry, The Mediterranean and Gulf Insurance and Reinsurance 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.


The Mediterranean and Gulf Insurance and Reinsurance Co's Equity-to-Asset Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, The Mediterranean and Gulf Insurance and Reinsurance Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where The Mediterranean and Gulf Insurance and Reinsurance Co's Equity-to-Asset falls into.



The Mediterranean and Gulf Insurance and Reinsurance 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.

The Mediterranean and Gulf Insurance and Reinsurance 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
=917.42/3120.006
=0.29

The Mediterranean and Gulf Insurance and Reinsurance Co'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
=943.681/3164.764
=0.30

* 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.


The Mediterranean and Gulf Insurance and Reinsurance Co  (SAU:8030) 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%.


The Mediterranean and Gulf Insurance and Reinsurance Co Equity-to-Asset Related Terms

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The Mediterranean and Gulf Insurance and Reinsurance Co (SAU:8030) Business Description

Traded in Other Exchanges
N/A
Address
King Saud Road, P.O. Box 2302, Medgulf Insurance Futuro Tower, Riyadh, SAU, 11451
The Mediterranean and Gulf Insurance and Reinsurance Co is a Saudi Arabian insurance company with objectives to transact in cooperative insurance and reinsurance business and related activities. Its principal lines of business include medical, motor and other general insurance. It has three reportable operating segments: Medical insurance, which is the key revenue driver, covers medical costs, medicines, and all other medical services and supplies; Motor Insurance, which provides coverage against losses and liability related to motor vehicles; and Others.

The Mediterranean and Gulf Insurance and Reinsurance Co (SAU:8030) Headlines

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