Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Heritage Global's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $61.08 Mil. Heritage Global's Total Assets for the quarter that ended in Dec. 2023 was $83.17 Mil.
Therefore, Heritage Global's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.73.
The historical rank and industry rank for Heritage Global's Equity-to-Asset or its related term are showing as below:
HGBL'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.18 Med: 0.48 Max: 0.73
Current: 0.73
During the past 13 years, the highest Equity to Asset Ratio of Heritage Global was 0.73. The lowest was 0.18. And the median was 0.48.
HGBL's Equity-to-Asset is ranked better than 67.62% of 806
companies
in the Capital Markets industry
Industry Median: 0.495
vs HGBL: 0.73
Heritage Global Equity-to-Asset Historical Data
The historical data trend for Heritage Global'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 Heritage Global's Equity-to-Asset
For the Capital Markets subindustry, Heritage Global'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.
Heritage Global's Equity-to-Asset Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Heritage Global's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Heritage Global's Equity-to-Asset falls into.
Heritage Global 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.
Heritage Global's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 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.
Heritage Global (NAS:HGBL) 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%.
Heritage Global Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Heritage Global's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Heritage Global (Heritage Global) Business Description
Heritage Global Inc values and monetizes industrial and financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. It aids in facilitating the economy by diverting useful industrial assets from landfills and operating a supply chain by overseeing the post-sale account activity of financial assets. The group operates in four segments namely Auction and Liquidation; Refurbishment and Resale; Brokerage and Specialty Lending. It generates maximum revenue from the Auction and Liquidation segment. The Auction and Liquidation segment, through HGP, operates as a global full-service auction, appraisal, and asset advisory firm, including the acquisition of turnkey manufacturing facilities and used industrial machinery and equipment.
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