The historical rank and industry rank for Tortoise Essential Assetsome Term's Equity-to-Asset or its related term are showing as below:
TEAF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.87 Med: 0.88 Max: 0.89
Current: 0.89
During the past 5 years, the highest Equity to Asset Ratio of Tortoise Essential Assetsome Term was 0.89. The lowest was 0.87. And the median was 0.88.
TEAF's Equity-to-Asset is ranked better than 59.14% of 1723
companies
in the Asset Management industry
Industry Median: 0.83
vs TEAF: 0.89
Tortoise Essential Assetsome Term Equity-to-Asset Historical Data
* 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.
Tortoise Essential Assetsome Term Equity-to-Asset Chart
Tortoise Essential Assetsome Term Annual Data
Trend
Nov19
Nov20
Nov21
Nov22
Nov23
Equity-to-Asset
0.87
0.87
0.89
0.88
0.89
Tortoise Essential Assetsome Term Semi-Annual Data
Competitive Comparison of Tortoise Essential Assetsome Term's Equity-to-Asset
For the Asset Management subindustry, Tortoise Essential Assetsome Term'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.
Tortoise Essential Assetsome Term's Equity-to-Asset Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Tortoise Essential Assetsome Term's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Tortoise Essential Assetsome Term's Equity-to-Asset falls into.
Tortoise Essential Assetsome Term 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.
* 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.
Tortoise Essential Assetsome Term (NYSE:TEAF) 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%.
Tortoise Essential Assetsome Term Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Tortoise Essential Assetsome Term's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Tortoise Essential Assetsome Term (Tortoise Essential Assetsome Term) Business Description
Tortoise Essential Assets Income Term is a US-based non-diversified, closed-end management investment company. Its investment objective is to provide common shareholders with a high level of total return with an emphasis on current distributions.
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