GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FinTech Evolution Acquisition Group (NYSE:FTEV.U) » Definitions » Equity-to-Asset

FinTech Evolution Acquisition Group (FinTech Evolution Acquisition Group) Equity-to-Asset : 0.96 (As of Sep. 2022)


View and export this data going back to 2021. Start your Free Trial

What is FinTech Evolution Acquisition Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. FinTech Evolution Acquisition Group's Total Stockholders Equity for the quarter that ended in Sep. 2022 was $263.86 Mil. FinTech Evolution Acquisition Group's Total Assets for the quarter that ended in Sep. 2022 was $276.18 Mil.

The historical rank and industry rank for FinTech Evolution Acquisition Group's Equity-to-Asset or its related term are showing as below:

FTEV.U' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.91   Med: 0.93   Max: 0.96
Current: 0.96

During the past 2 years, the highest Equity to Asset Ratio of FinTech Evolution Acquisition Group was 0.96. The lowest was 0.91. And the median was 0.93.

FTEV.U's Equity-to-Asset is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.81 vs FTEV.U: 0.96

FinTech Evolution Acquisition Group Equity-to-Asset Historical Data

The historical data trend for FinTech Evolution Acquisition 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.

* Premium members only.

FinTech Evolution Acquisition Group Equity-to-Asset Chart

FinTech Evolution Acquisition Group Annual Data
Trend Dec20 Dec21
Equity-to-Asset
0.28 0.93

FinTech Evolution Acquisition Group Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Equity-to-Asset Get a 7-Day Free Trial 0.92 0.93 0.95 0.96 0.96

Competitive Comparison of FinTech Evolution Acquisition Group's Equity-to-Asset

For the Shell Companies subindustry, FinTech Evolution Acquisition 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.

FinTech Evolution Acquisition Group's Equity-to-Asset Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, FinTech Evolution Acquisition Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where FinTech Evolution Acquisition Group's Equity-to-Asset falls into.


FinTech Evolution Acquisition 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.

FinTech Evolution Acquisition Group's Equity to Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Equity to Asset (A: Dec. 2021 )=Total Stockholders Equity/Total Assets
=255.972/275.072
=

FinTech Evolution Acquisition Group's Equity to Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

Equity to Asset (Q: Sep. 2022 )=Total Stockholders Equity/Total Assets
=263.855/276.184
=

* 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.

FinTech Evolution Acquisition Group  (NYSE:FTEV.U) 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%.

FinTech Evolution Acquisition Group Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of FinTech Evolution Acquisition Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

FinTech Evolution Acquisition Group (FinTech Evolution Acquisition Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FinTech Evolution Acquisition Group (NYSE:FTEV.U) » Definitions » Equity-to-Asset
Comparable Companies
FTPA EMLD CNDA FTCV FTVI PICC BACA ATVC EAC NVSA GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
1345 Avenue of the Americas, New York, NY, USA, 10105
Website
https://www.fintechevolution.net
FinTech Evolution Acquisition Group is a blank check company.
Executives
Caroline Grace director 200 E. RANDOLPH ST., CHICAGO IL 60601
Rohit Bhagat director, 10 percent owner, officer: Chief Executive Officer BLACKROCK, INC., 55 EAST 52ND STREET, NEW YORK NY 10055
Charles G Goldman director C/O THE CHARLES SCHWAB CORPORATION, 120 KEARNY STREET, SAN FRANCISCO CA 94108
Michael Arthur Latham director, 10 percent owner, officer: Chief Operating Officer 200 WEST STREET, NEW YORK NY 10282
Christopher Gaertner director 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Fintech Evolution Sponsor Llc 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105