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Flaherty & Crumrine Total Return Fund (Flaherty & Crumrine Total Return Fund) Equity-to-Asset : 0.59 (As of Nov. 2023)


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What is Flaherty & Crumrine Total Return Fund Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Flaherty & Crumrine Total Return Fund's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $170.69 Mil. Flaherty & Crumrine Total Return Fund's Total Assets for the quarter that ended in Nov. 2023 was $290.15 Mil. Therefore, Flaherty & Crumrine Total Return Fund's Equity to Asset Ratio for the quarter that ended in Nov. 2023 was 0.59.

The historical rank and industry rank for Flaherty & Crumrine Total Return Fund's Equity-to-Asset or its related term are showing as below:

FLC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.59   Med: 0.66   Max: 0.67
Current: 0.59

During the past 7 years, the highest Equity to Asset Ratio of Flaherty & Crumrine Total Return Fund was 0.67. The lowest was 0.59. And the median was 0.66.

FLC's Equity-to-Asset is ranked worse than
76.4% of 1729 companies
in the Asset Management industry
Industry Median: 0.83 vs FLC: 0.59

Flaherty & Crumrine Total Return Fund Equity-to-Asset Historical Data

The historical data trend for Flaherty & Crumrine Total Return 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.

Flaherty & Crumrine Total Return Fund Equity-to-Asset Chart

Flaherty & Crumrine Total Return Fund Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Equity-to-Asset
Get a 7-Day Free Trial 0.67 0.67 0.66 0.60 0.59

Flaherty & Crumrine Total Return Fund Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.66 0.62 0.60 0.58 0.59

Competitive Comparison of Flaherty & Crumrine Total Return Fund's Equity-to-Asset

For the Asset Management subindustry, Flaherty & Crumrine Total Return 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.


Flaherty & Crumrine Total Return Fund's Equity-to-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Flaherty & Crumrine Total Return Fund's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Flaherty & Crumrine Total Return Fund's Equity-to-Asset falls into.



Flaherty & Crumrine Total Return 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.

Flaherty & Crumrine Total Return Fund's Equity to Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Equity to Asset (A: Nov. 2023 )=Total Stockholders Equity/Total Assets
=170.692/290.146
=0.59

Flaherty & Crumrine Total Return Fund's Equity to Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

Equity to Asset (Q: Nov. 2023 )=Total Stockholders Equity/Total Assets
=170.692/290.146
=0.59

* 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.


Flaherty & Crumrine Total Return Fund  (NYSE:FLC) 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%.


Flaherty & Crumrine Total Return Fund Equity-to-Asset Related Terms

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


Flaherty & Crumrine Total Return Fund (Flaherty & Crumrine Total Return Fund) Business Description

Traded in Other Exchanges
N/A
Address
301 E. Colorado Boulevard, Suite 800, Pasadena, CA, USA, 91101
Flaherty & Crumrine Total Return Fund Inc is a diversified, closed-end investment management company. Its investment objective is to provide its common shareholders with a high current income. The fund's secondary investment objective is capital appreciation.
Executives
Robert F Wulf director 301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101
Karen Hanovice Hogan director 301 EAST COLORADO BLVD, SUITE 720, PASADENA CA 91101
Chad Conwell officer: VP & Asst. Compliance Officer 301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101
Bradford S Stone officer: Vice President, Asst Treasurer 47 MAPLE ST. SUITE 403, SUMMIT NJ 07901
Robert M Ettinger officer: President 301 E COLORADO BLVD STE 720, PASADENA CA 91101
Bank Of America Corp /de/ 10 percent owner BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Merrill Lynch, Pierce, Fenner & Smith Inc. 10 percent owner 4 WORLD FINANCIAL CENTER, NORTH TOWER, NEW YORK NY 10080
Merrill Lynch & Co., Inc. 10 percent owner 4 WORLD FINANCIAL CTR, NEW YORK NY 10080
Stanley Morgan 10 percent owner 1585 BROADWAY, NEW YORK NY 10036
Christopher Douglas Ryan officer: Vice President 310 EAST COLORADO BLVD, SUITE 720, PASADENA CA 91101
Laurie C Lodolo officer: Asst CCO, Asst Treas, Asst Sec 301 E. COLORADO BOULEVARD, SUITE 720, PASADENA CA 91101
Flaherty & Crumrine Inc other: Investment Adviser 301 E. COLORADO BLVD, SUITE 720, PASADENA CA 91101
Peter C Stimes officer: VP, CFO, Chief Accounting Off. 301 E COLORADO BLVD STE 720, PASADENA CA 91101
Donald F Crumrine director, officer: Chief Executive Officer 301 E COLORADO BLVD STE 720, PASADENA CA 91101
Robert E Chadwick officer: VP, Secretary, Asst. Treasurer 301 E COLORADO BLVD STE 720, PASADENA CA 91101

Flaherty & Crumrine Total Return Fund (Flaherty & Crumrine Total Return Fund) Headlines