Equity to Asset ratio is calculated as total stockholders equity divided by total asset. 5Banc Split's Total Stockholders Equity for the quarter that ended in Jun. 2016 was C$25.52 Mil. 5Banc Split's Total Assets for the quarter that ended in Jun. 2016 was C$36.50 Mil.
Therefore, 5Banc Split's Equity to Asset Ratio for the quarter that ended in Jun. 2016 was 0.70.
The historical rank and industry rank for 5Banc Split's Equity-to-Asset or its related term are showing as below:
TSX:FBS.PR.C.PFD'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.07 Med: 0.56 Max: 0.7
Current: 0.7
During the past 13 years, the highest Equity to Asset Ratio of 5Banc Split was 0.70. The lowest was 0.07. And the median was 0.56.
TSX:FBS.PR.C.PFD's Equity-to-Asset is not ranked
in the Asset Management industry.
Industry Median: 0.83
vs TSX:FBS.PR.C.PFD: 0.70
5Banc Split Equity-to-Asset Historical Data
The historical data trend for 5Banc Split'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.
Competitive Comparison of 5Banc Split's Equity-to-Asset
For the Asset Management subindustry, 5Banc Split'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.
5Banc Split's Equity-to-Asset Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, 5Banc Split's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where 5Banc Split's Equity-to-Asset falls into.
5Banc Split 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.
5Banc Split's Equity to Asset Ratio for the fiscal year that ended in Dec. 2015 is calculated as
* 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.
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%.
5Banc Split Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of 5Banc Split's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
5Banc Split (TSX:FBS.PR.C.PFD) Business Description
5Banc Split, Inc. operates as a closed-end mutual fund in Canada. It invests in a portfolio of publicly listed common shares of Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and toronto-Dominion Bank. The Company holds the Portfolio Shares in order to generate fixed cumulative preferential dividends for the holders of the Company's Preferred Shares. Holders of the Capital Shares will also receive, subject to the prior rights of Preferred Shareholders, excess dividends, if any, after payment of the expenses of the Company and dividends on the Preferred Shares. The Company also provides holders of the Capital Shares with a leveraged investment, the value of which is linked to the changes in the fair value of the Portfolio Shares. The holders of Capital Shares benefit from capital appreciation in the Portfolio Shares in excess of the value of the Preferred Shares, any accrued and unpaid distributions on the Preferred Shares, and accrued and unpaid expenses. The Company only trades the Portfolio Shares in limited circumstances as described in the Company's original prospectus.
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