Blue Ribbonome Fund (TSX:RBN.UN) Equity-to-Asset : 0.99 (As of Dec. 2023)

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What is Blue Ribbonome Fund Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Blue Ribbonome Fund's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$66.67 Mil. Blue Ribbonome Fund's Total Assets for the quarter that ended in Dec. 2023 was C$67.14 Mil. Therefore, Blue Ribbonome Fund's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.99.

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

TSX:RBN.UN' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.98 Med: 0.99 Max: 0.99
Current: 0.99

During the past 13 years, the highest Equity to Asset Ratio of Blue Ribbonome Fund was 0.99. The lowest was 0.98. And the median was 0.99.

TSX:RBN.UN's Equity-to-Asset is ranked better than
90.31% of 1724 companies
in the Asset Management industry
Industry Median: 0.83 vs TSX:RBN.UN: 0.99

Blue Ribbonome Fund Equity-to-Asset Historical Data

The historical data trend for Blue Ribbonome Fund'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.

Blue Ribbonome Fund Equity-to-Asset Chart

Blue Ribbonome Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.99

Blue Ribbonome Fund Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.99	0.99	0.99	0.99	0.99

Competitive Comparison of Blue Ribbonome Fund's Equity-to-Asset

For the Asset Management subindustry, Blue Ribbonome Fund'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.

Blue Ribbonome Fund's Equity-to-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Blue Ribbonome Fund's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Blue Ribbonome Fund's Equity-to-Asset falls into.

Blue Ribbonome Fund 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.

Blue Ribbonome Fund'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
	=	66.666	/	67.141
	=	0.99

Blue Ribbonome Fund's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	66.666	/	67.141
	=	0.99

Blue Ribbonome Fund (TSX:RBN.UN) 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%.

Blue Ribbonome Fund Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Blue Ribbonome Fund's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Blue Ribbonome Fund (TSX:RBN.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blue Ribbon Income Fund (TSX:RBN.UN) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

181 Bay Street, Brookfield Place, Suite 2930, Box 793, Bay Wellington Tower, Toronto, ON, CAN, M5J 2T3

Website

http://www.blueribbonincomefund.com

Blue Ribbon Income Fund is a is a mutual fund trust. The fund aims to provide a high level of monthly distributions and the opportunity to participate in capital gains by actively managing a portfolio of publicly listed or traded securities, including income trusts, royalty trusts, real estate investment trusts, common shares, preferred securities, and debt instruments. Its Consumer Staples and Discretionary, Financial, Industrials, Pipes, Power, Utilities, Infrastructure, Real Estate, and others are securities by market segment.

Blue Ribbonome Fund (TSX:RBN.UN) Headlines

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