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Tekla Healthcare Opportunities Fund (Tekla Healthcare Opportunities Fund) Equity-to-Asset : 0.78 (As of Sep. 2023)


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What is Tekla Healthcare Opportunities Fund Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Tekla Healthcare Opportunities Fund's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $832.52 Mil. Tekla Healthcare Opportunities Fund's Total Assets for the quarter that ended in Sep. 2023 was $1,062.06 Mil. Therefore, Tekla Healthcare Opportunities Fund's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.78.

The historical rank and industry rank for Tekla Healthcare Opportunities Fund's Equity-to-Asset or its related term are showing as below:

THQ' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.76   Med: 0.78   Max: 0.8
Current: 0.78

During the past 7 years, the highest Equity to Asset Ratio of Tekla Healthcare Opportunities Fund was 0.80. The lowest was 0.76. And the median was 0.78.

THQ's Equity-to-Asset is ranked worse than
54.92% of 1726 companies
in the Asset Management industry
Industry Median: 0.83 vs THQ: 0.78

Tekla Healthcare Opportunities Fund Equity-to-Asset Historical Data

The historical data trend for Tekla Healthcare Opportunities 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.

Tekla Healthcare Opportunities Fund Equity-to-Asset Chart

Tekla Healthcare Opportunities Fund Annual Data
Trend Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Equity-to-Asset
Get a 7-Day Free Trial 0.77 0.76 0.79 0.78 0.78

Tekla Healthcare Opportunities Fund Semi-Annual Data
Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.79 0.81 0.78 0.79 0.78

Competitive Comparison of Tekla Healthcare Opportunities Fund's Equity-to-Asset

For the Asset Management subindustry, Tekla Healthcare Opportunities 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.


Tekla Healthcare Opportunities Fund's Equity-to-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tekla Healthcare Opportunities Fund's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Tekla Healthcare Opportunities Fund's Equity-to-Asset falls into.



Tekla Healthcare Opportunities 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.

Tekla Healthcare Opportunities Fund'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
=832.523/1062.061
=0.78

Tekla Healthcare Opportunities Fund'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
=832.523/1062.061
=0.78

* 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.


Tekla Healthcare Opportunities Fund  (NYSE:THQ) 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%.


Tekla Healthcare Opportunities Fund Equity-to-Asset Related Terms

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


Tekla Healthcare Opportunities Fund (Tekla Healthcare Opportunities Fund) Business Description

Traded in Other Exchanges
N/A
Address
1900 Market Street, Suite 200, Philadelphia, PA, USA, 19103
Tekla Healthcare Opportunities Fund is a non-diversified closed-end fund in the United States. The fund's investment objective is to seek current income and long-term capital appreciation through investments in U.S. and non-U.S. companies in the healthcare industry (including equity securities, debt securities, and pooled investment vehicles). The fund invests in securities of public and private companies.
Executives
Bill Maher director 600 WEST BROADWAY, 30TH FL., SAN DIEGO CA 92101
Aberdeen Standard Investments Inc. other: Adviser 1900 MARKET ST., 2ND FLOOR, PHILADELPHIA PA 19103
Rose Dimartino director C/O ABRDN, 1900 MARKET STREET, PHILADELPHIA PA 19103
Jaclyn Marie Matsick other: Director of Adviser C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Marika Tooze other: Director of Adviser C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Todd Reit director C/O ABERDEEN STANDARD INVESTMENTS, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
James Joseph O'connor other: Director of Adviser C/O ABERDEEN STANDARD INVESTMENTS, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Lucia Sitar officer: VP and Chief Legal Officer 1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103
Christian Pittard officer: President ONE BOW CHURCHYARD, LONDON X0 EC4M 9HH
Megan Kennedy officer: Secretary and Vice President 1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103
Jennifer A Nichols other: Director of Adviser 1735 MARKET STREET, 37TH FLOOR, PHILADELPHIA PA 19103
Stephen Bird director 388 GREENWICH STREET, 17TH FLOOR, NEW YORK NY 10022
Joseph Andolina officer: Chief Compliance Officer & VP 1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103
Alan R Goodson officer: Vice President 1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103
Sharon Ferrari officer: Treasurer and CFO 1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103

Tekla Healthcare Opportunities Fund (Tekla Healthcare Opportunities Fund) Headlines