Prestige Wealth (Prestige Wealth) Equity-to-Asset : 0.90 (As of Sep. 2023)

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What is Prestige Wealth Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Prestige Wealth's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $6.18 Mil. Prestige Wealth's Total Assets for the quarter that ended in Sep. 2023 was $6.86 Mil. Therefore, Prestige Wealth's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.90.

The historical rank and industry rank for Prestige Wealth's Equity-to-Asset or its related term are showing as below:

PWM' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.8 Med: 0.9 Max: 0.9
Current: 0.9

During the past 4 years, the highest Equity to Asset Ratio of Prestige Wealth was 0.90. The lowest was 0.80. And the median was 0.90.

PWM's Equity-to-Asset is ranked better than
61.11% of 1723 companies
in the Asset Management industry
Industry Median: 0.83 vs PWM: 0.90

Prestige Wealth Equity-to-Asset Historical Data

The historical data trend for Prestige Wealth'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.

Prestige Wealth Equity-to-Asset Chart

Prestige Wealth Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Equity-to-Asset

0.80

0.90

Prestige Wealth Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial			0.90	0.92	0.90	0.95	0.90

Competitive Comparison of Prestige Wealth's Equity-to-Asset

For the Asset Management subindustry, Prestige Wealth'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.

Prestige Wealth's Equity-to-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Prestige Wealth's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Prestige Wealth's Equity-to-Asset falls into.

Prestige Wealth 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.

Prestige Wealth's Equity to Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Equity to Asset (A: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	6.183	/	6.864
	=	0.90

Prestige Wealth's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	6.183	/	6.864
	=	0.90

Prestige Wealth (NAS:PWM) 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%.

Prestige Wealth Equity-to-Asset Related Terms

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

Prestige Wealth (Prestige Wealth) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Prestige Wealth Inc (NAS:PWM) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Queen’s Road Central, Suite 5102, 51th Floor, Cheung Kong Center, Hong Kong, HKG

Website

https://www.prestigewm.hk

Prestige Wealth Inc is engaged in providing private wealth management services and asset management to high-net-worth and ultra-high-net-worth individuals and enterprises through its subsidiaries.

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