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Methaq Takaful Insurance Co PSC (ADX:METHAQ) Liabilities-to-Assets : 0.87 (As of Dec. 2020)


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What is Methaq Takaful Insurance Co PSC Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Methaq Takaful Insurance Co PSC's Total Liabilities for the quarter that ended in Dec. 2020 was د.إ618.8 Mil. Methaq Takaful Insurance Co PSC's Total Assets for the quarter that ended in Dec. 2020 was د.إ711.1 Mil. Therefore, Methaq Takaful Insurance Co PSC's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2020 was 0.87.


Methaq Takaful Insurance Co PSC Liabilities-to-Assets Historical Data

The historical data trend for Methaq Takaful Insurance Co PSC's Liabilities-to-Assets 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.

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Methaq Takaful Insurance Co PSC Liabilities-to-Assets Chart

Methaq Takaful Insurance Co PSC Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.81 0.87 0.87 0.88 0.87

Methaq Takaful Insurance Co PSC Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Liabilities-to-Assets 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 0.88 0.87 0.87 0.86 0.87

Competitive Comparison of Methaq Takaful Insurance Co PSC's Liabilities-to-Assets

For the Insurance - Diversified subindustry, Methaq Takaful Insurance Co PSC's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.


Methaq Takaful Insurance Co PSC's Liabilities-to-Assets Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Methaq Takaful Insurance Co PSC's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Methaq Takaful Insurance Co PSC's Liabilities-to-Assets falls into.



Methaq Takaful Insurance Co PSC Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Methaq Takaful Insurance Co PSC's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2020 is calculated as:

Liabilities-to-Assets (A: Dec. 2020 )=Total Liabilities/Total Assets
=618.809/711.115
=0.87

Methaq Takaful Insurance Co PSC's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2020 is calculated as

Liabilities-to-Assets (Q: Dec. 2020 )=Total Liabilities/Total Assets
=618.809/711.115
=0.87

* 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.


Methaq Takaful Insurance Co PSC  (ADX:METHAQ) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


Methaq Takaful Insurance Co PSC Liabilities-to-Assets Related Terms

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Methaq Takaful Insurance Co PSC (ADX:METHAQ) Business Description

Traded in Other Exchanges
N/A
Address
Delma 13th Street, Behind Judicial Court, P.O. Box 32774, Building Number: C54, Opposite Al Fara'a Co Tower, Abu Dhabi, ARE
Methaq Takaful Insurance Co PSC offers a range of insurance and reinsurance products and services to individuals and corporates. The objective of the company is to offer Individuals and Corporations a complete range of high quality, flexible, integrated, Shariah-compliant insurance products & services, in association with selected Distribution Partners. Its product line includes accident, travel, marine and air transport insurance and reinsurance products, among others.

Methaq Takaful Insurance Co PSC (ADX:METHAQ) Headlines

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