MGIC Investment (STU:MGC) Equity-to-Asset : 0.78 (As of Mar. 2024)

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What is MGIC Investment Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. MGIC Investment's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €4,694 Mil. MGIC Investment's Total Assets for the quarter that ended in Mar. 2024 was €6,012 Mil. Therefore, MGIC Investment's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.78.

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

STU:MGC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.17 Med: 0.64 Max: 0.78
Current: 0.78

During the past 13 years, the highest Equity to Asset Ratio of MGIC Investment was 0.78. The lowest was 0.17. And the median was 0.64.

STU:MGC's Equity-to-Asset is ranked better than
96.95% of 491 companies
in the Insurance industry
Industry Median: 0.24 vs STU:MGC: 0.78

MGIC Investment Equity-to-Asset Historical Data

The historical data trend for MGIC Investment'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.

MGIC Investment Equity-to-Asset Chart

MGIC Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.69

0.64

0.66

0.75

0.78

MGIC Investment 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															0.75	0.76	0.77	0.78	0.78

Competitive Comparison of MGIC Investment's Equity-to-Asset

For the Insurance - Specialty subindustry, MGIC Investment'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.

MGIC Investment's Equity-to-Asset Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, MGIC Investment's Equity-to-Asset distribution charts can be found below:

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

MGIC Investment 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.

MGIC Investment'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
	=	4651.04	/	5995.694
	=	0.78

MGIC Investment'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
	=	4694.156	/	6012.426
	=	0.78

MGIC Investment (STU:MGC) 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%.

MGIC Investment Equity-to-Asset Related Terms

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MGIC Investment (STU:MGC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » MGIC Investment Corp (STU:MGC) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

MTG:USA

Address

250 E. Kilbourn Avenue, MGIC Plaza, Milwaukee, WI, USA, 53202

Website

https://www.mgic.com

MGIC Investment Corp provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The insurance premiums that these customers pay for the protection accounts for close to majority of the company's total revenue. Investment income accounts for the remaining revenue. The company sells its insurance products in all 50 states of the United States and in Puerto Rico. Its greatest exposure is in California, Florida, Texas, Pennsylvania, Ohio, Illinois, Virginia, North Carolina, Georgia and New York.