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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. ASA Gold And Precious Metals's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $334.91 Mil. ASA Gold And Precious Metals's Total Assets for the quarter that ended in Nov. 2023 was $335.62 Mil. Therefore, ASA Gold And Precious Metals's Equity to Asset Ratio for the quarter that ended in Nov. 2023 was 1.00.
The historical rank and industry rank for ASA Gold And Precious Metals's Equity-to-Asset or its related term are showing as below:
During the past 8 years, the highest Equity to Asset Ratio of ASA Gold And Precious Metals was 1.00. The lowest was 0.99. And the median was 1.00.
The historical data trend for ASA Gold And Precious Metals'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.
ASA Gold And Precious Metals Annual Data | |||||||||||||||||
Trend | Nov16 | Nov17 | Nov18 | Nov19 | Nov20 | Nov21 | Nov22 | Nov23 | |||||||||
Equity-to-Asset | Get a 7-Day Free Trial | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
ASA Gold And Precious Metals Semi-Annual Data | |||||||||||||||
Nov16 | May17 | Nov17 | May18 | Nov18 | May19 | Nov19 | May20 | Nov20 | May21 | Nov21 | May22 | Nov22 | May23 | Nov23 | |
Equity-to-Asset | Get a 7-Day Free Trial | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
For the Asset Management subindustry, ASA Gold And Precious Metals'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.
For the Asset Management industry and Financial Services sector, ASA Gold And Precious Metals's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where ASA Gold And Precious Metals's Equity-to-Asset falls into.
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.
ASA Gold And Precious Metals's Equity to Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as
Equity to Asset (A: Nov. 2023 ) | = | Total Stockholders Equity | / | Total Assets |
= | 334.912 | / | 335.619 | |
= | 1.00 |
ASA Gold And Precious Metals's Equity to Asset Ratio for the quarter that ended in Nov. 2023 is calculated as
Equity to Asset (Q: Nov. 2023 ) | = | Total Stockholders Equity | / | Total Assets |
= | 334.912 | / | 335.619 | |
= | 1.00 |
* 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.
ASA Gold And Precious Metals (NYSE:ASA) 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%.
Thank you for viewing the detailed overview of ASA Gold And Precious Metals's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Mary Joan Hoene | director | 400 S EL CAMINO REAL, STE 710, SAN MATEO CA 94402 |
Alexander Merk | officer: COO | 44 MONTGOMERY STREET, #3730, SAN FRANCISCO CA 94104 |
Bruce D Hansen | director | 1700 LINCOLN STREET, 28TH FLOOR, DENVER CO 80203 |
Saba Capital Management, L.p. | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Boaz Weinstein | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Nancy J. Tyminski | other: Deputy CCO | 3 CANAL PLAZA, SUITE 600, PORTLAND ME 04101 |
William Donovan | director | 100 VISTA CIRCLE, APARTMENT 315, PITTSBURGH PA 15238 |
James E Holman | other: Analyst, Merk Investments, LLC | THREE CANAL PLAZA, SUITE 600, PORTLAND ME 04101 |
Peter Maletis | officer: President | 44 MONTGOMERY STREET, #3730, SAN FRANCISCO CA 94104 |
Anthony J. Artabane | director | 4 LITTLE KINGS LANE, RYE BROOK NY 10573 |
Zachary R Tackett | officer: Secretary | 77 CONGRESS STREET, APT. #1, PORTLAND ME 04101 |
Gino E Malaspina | officer: Secretary | 3 CANAL PLAZA, SUITE 600, PORTLAND ME 04101 |
Karen Shaw | officer: PFO | 3 BUNKER HILL TERRACE, SCARBOROUGH ME 04074 |
David J Christensen | officer: Vice President - Investments | 400 S. EL CAMINO REAL, SUITE 710, SAN MATEO CA 94402 |
Danielle Kulp | officer: Secretary and Deputy CCO | 1409 KUTZ DRIVE, POTTSTOWN PA 19465 |
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