Edarat Communication And Information Technology Co (SAU:9557) Equity-to-Asset : 0.64 (As of Dec. 2023)

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What is Edarat Communication And Information Technology Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Edarat Communication And Information Technology Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ﷼39.03 Mil. Edarat Communication And Information Technology Co's Total Assets for the quarter that ended in Dec. 2023 was ﷼60.72 Mil. Therefore, Edarat Communication And Information Technology Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.64.

The historical rank and industry rank for Edarat Communication And Information Technology Co's Equity-to-Asset or its related term are showing as below:

SAU:9557' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.51 Med: 0.55 Max: 0.64
Current: 0.64

During the past 3 years, the highest Equity to Asset Ratio of Edarat Communication And Information Technology Co was 0.64. The lowest was 0.51. And the median was 0.55.

SAU:9557's Equity-to-Asset is ranked better than
63.35% of 2851 companies
in the Software industry
Industry Median: 0.55 vs SAU:9557: 0.64

Edarat Communication And Information Technology Co Equity-to-Asset Historical Data

The historical data trend for Edarat Communication And Information Technology 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.

Edarat Communication And Information Technology Co Equity-to-Asset Chart

Edarat Communication And Information Technology Co Annual Data

Trend

Dec21

Dec22

Dec23

Equity-to-Asset

0.51

0.55

0.64

Edarat Communication And Information Technology Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	0.51	-	0.55	0.57	0.64

Competitive Comparison of Edarat Communication And Information Technology Co's Equity-to-Asset

For the Information Technology Services subindustry, Edarat Communication And Information Technology 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.

Edarat Communication And Information Technology Co's Equity-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Edarat Communication And Information Technology Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Edarat Communication And Information Technology Co's Equity-to-Asset falls into.

Edarat Communication And Information Technology 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.

Edarat Communication And Information Technology 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
	=	39.031	/	60.715
	=	0.64

Edarat Communication And Information Technology 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
	=	39.031	/	60.715
	=	0.64

Edarat Communication And Information Technology Co (SAU:9557) 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%.

Edarat Communication And Information Technology Co Equity-to-Asset Related Terms

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

Edarat Communication And Information Technology Co (SAU:9557) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Edarat Communication And Information Technology Co (SAU:9557) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Nasir Bin Saud Bin Farhan Al Saud Street, Al Yasmeen District, Riyadh, SAU, 13322

Website

https://www.edaratgroup.com

Edarat Communication And Information Technology Co is a Cloud Service Provider, and a Data Center Consulting Company. It is a technology services company delivering critical facilities engineering, technology consulting, and cloud-managed services that help its clients build, modernize and transform their IT infrastructure to support their business strategies. Its services include advisory, data center engineering, smart cities & smart building technology (IoT), workload migration, and cloud services.

Edarat Communication And Information Technology Co (SAU:9557) Headlines

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