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GuruFocus has detected 4 Warning Signs with Bank of America Corporation \$BAC.
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Bank of America Corporation (NYSE:BAC)
Total Equity
\$266,840 Mil (As of Dec. 2016)

Bank of America Corporation's total equity for the quarter that ended in Dec. 2016 was \$266,840 Mil.

Total equity is used to calculate book value per share. Bank of America Corporation's book value per share for the quarter that ended in Dec. 2016 was \$24.04. The ratio of a companys debt over equity can be used to measure how leveraged this company is. Bank of America Corporation's debt to equity ratio for the quarter that ended in Dec. 2016 was 0.90.

Definition

Total Equity refers to the net assets owned by shareholders.

Total Equity and Total Liabilities are the two components for Total Assets.

Bank of America Corporation's Total Equity for the fiscal year that ended in Dec. 2016 is calculated as

 Total Equity = Total Assets(Q: Dec. 2016 ) - Total Liabilities(Q: Dec. 2016 ) = 2187702 - 1920862 = 266,840

Bank of America Corporation's Total Equity for the quarter that ended in Dec. 2016 is calculated as

 Total Equity = Total Assets(Q: Dec. 2016 ) - Total Liabilities(Q: Dec. 2016 ) = 2187702 - 1920862 = 266,840

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

1. Total equity is used to calculate book value per share.

Bank of America Corporation's Book Value Per Share for the quarter that ended in Dec. 2016 is

 Book Value per Share = (Total Shareholders Equity - Preferred Stock) / Total Shares Outstanding = (266840 - 25220) / 10052.63 = 24.04

2. The ratio of a companys debt over equity can be used to measure how leveraged this company is.

Bank of America Corporation's Debt to Equity Ratio for the quarter that ended in Dec. 2016 is

 Debt to Equity = Total Debt / Total Equity = (Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity = (23944 + 216823) / 266840 = 0.90

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Bank of America Corporation Annual Data

 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Total Equity 146,803 177,052 231,444 228,248 230,101 236,956 232,685 243,471 256,205 266,840

Bank of America Corporation Quarterly Data

 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Total Equity 243,471 250,188 251,659 255,905 256,205 262,776 267,069 270,083 266,840 268,153
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