Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Sprott Focus Trust's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $265.92 Mil. Sprott Focus Trust's Total Assets for the quarter that ended in Dec. 2023 was $266.30 Mil.
Therefore, Sprott Focus Trust's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 1.00.
The historical rank and industry rank for Sprott Focus Trust's Equity-to-Asset or its related term are showing as below:
FUND's Equity-to-Asset is not ranked *
in the Asset Management industry.
Industry Median: 0.83 * Ranked among companies with meaningful Equity-to-Asset only.
Sprott Focus Trust Equity-to-Asset Historical Data
The historical data trend for Sprott Focus Trust'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 Sprott Focus Trust's Equity-to-Asset
For the Asset Management subindustry, Sprott Focus Trust'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.
Sprott Focus Trust's Equity-to-Asset Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Sprott Focus Trust's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Sprott Focus Trust's Equity-to-Asset falls into.
Sprott Focus Trust 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.
Sprott Focus Trust's Equity to Asset Ratio for the fiscal year that ended in Dec. 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.
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%.
Sprott Focus Trust Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Sprott Focus Trust's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Sprott Focus Trust (Sprott Focus Trust) Business Description
Sprott Focus Trust Inc is a diversified closed-end investment company. Its primary investment objective is long-term capital growth. To achieve its objective, The Fund may invest at least 65% of its assets in equity securities and 35% of its assets in direct obligations of the U.S. Government or its agencies and in the non-convertible preferred stocks & debt securities of domestic and foreign companies. It invests in various sectors, of which Materials, Financials, Energy, Information technology sector account for the majority weightage.
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