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Legg Mason Inc (NYSE:LM)
Total Equity
\$3,977 Mil (As of Dec. 2016)

Legg Mason Inc's total equity for the quarter that ended in Dec. 2016 was \$3,977 Mil.

Total equity is used to calculate book value per share. Legg Mason Inc's book value per share for the quarter that ended in Dec. 2016 was \$40.55. The ratio of a companys debt over equity can be used to measure how leveraged this company is. Legg Mason Inc's debt to equity ratio for the quarter that ended in Dec. 2016 was 0.56.

Definition

Total Equity refers to the net assets owned by shareholders.

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

Legg Mason Inc's Total Equity for the fiscal year that ended in Mar. 2016 is calculated as

 Total Equity = Total Assets(Q: Dec. 2016 ) - Total Liabilities(Q: Dec. 2016 ) = 7520.446 - 3306.883 = 4,214

Legg Mason Inc'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 ) = 8259.872 - 4282.386 = 3,977

* 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.

Legg Mason Inc'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 = (3977.486 - 0) / 98.09 = 40.55

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

Legg Mason Inc'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 = (0 + 2221.882) / 3977.486 = 0.56

* 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.

Legg Mason Inc Annual Data

 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Total Equity 6,541 6,621 4,599 5,842 5,770 5,677 4,818 4,725 4,485 4,214

Legg Mason Inc Quarterly Data

 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Total Equity 4,584 4,541 4,485 4,522 4,458 4,285 4,214 4,094 4,060 3,977
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