Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Close Brothers Group's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $2,328 Mil. Close Brothers Group's Total Assets for the quarter that ended in Jan. 2024 was $17,837 Mil.
Therefore, Close Brothers Group's Equity to Asset Ratio for the quarter that ended in Jan. 2024 was 0.13.
The historical rank and industry rank for Close Brothers Group's Equity-to-Asset or its related term are showing as below:
CBGPY'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.12 Med: 0.13 Max: 0.14
Current: 0.13
During the past 13 years, the highest Equity to Asset Ratio of Close Brothers Group was 0.14. The lowest was 0.12. And the median was 0.13.
CBGPY's Equity-to-Asset is ranked better than 80.98% of 1467
companies
in the Banks industry
Industry Median: 0.09
vs CBGPY: 0.13
Close Brothers Group Equity-to-Asset Historical Data
The historical data trend for Close Brothers Group'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 Close Brothers Group's Equity-to-Asset
For the Banks - Regional subindustry, Close Brothers Group'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.
Close Brothers Group's Equity-to-Asset Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Close Brothers Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Close Brothers Group's Equity-to-Asset falls into.
Close Brothers Group 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.
Close Brothers Group's Equity to Asset Ratio for the fiscal year that ended in Jul. 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.
Close Brothers Group (OTCPK:CBGPY) 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%.
Close Brothers Group Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Close Brothers Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Close Brothers Group (Close Brothers Group) Business Description
Close Brothers Group PLC is a merchant banking group providing lending, deposit solutions, wealth management services, and securities trading. The company mostly provides services to small businesses and individuals in the United Kingdom. Its strategy focuses on niche markets to drive high levels of repeat business with clients. The company distributes its service offerings with a direct salesforce and an intermediated distribution network. Its banking division provides asset, invoice, motor, premium, and property finance. Close Brothers' security business is primarily a liquidity provider to U.K. retail stockbrokers and institutions. The group's asset management division offers financial planning and investment management services.
Close Brothers Group (Close Brothers Group) Headlines
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