Twin Ridge Capital Acquisition (Twin Ridge Capital Acquisition) Equity-to-Asset : 0.89 (As of Jun. 2023)

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What is Twin Ridge Capital Acquisition Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Twin Ridge Capital Acquisition's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $58.72 Mil. Twin Ridge Capital Acquisition's Total Assets for the quarter that ended in Jun. 2023 was $66.03 Mil.

The historical rank and industry rank for Twin Ridge Capital Acquisition's Equity-to-Asset or its related term are showing as below:

TRCA' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.32 Med: 0.93 Max: 0.98
Current: 0.89

During the past 2 years, the highest Equity to Asset Ratio of Twin Ridge Capital Acquisition was 0.98. The lowest was 0.32. And the median was 0.93.

TRCA's Equity-to-Asset is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.82 vs TRCA: 0.89

Twin Ridge Capital Acquisition Equity-to-Asset Historical Data

The historical data trend for Twin Ridge Capital Acquisition'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.

Twin Ridge Capital Acquisition Equity-to-Asset Chart

Twin Ridge Capital Acquisition Annual Data

Trend

Dec21

Dec22

Equity-to-Asset

0.92

0.98

Twin Ridge Capital Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Equity-to-Asset	Get a 7-Day Free Trial					0.95	0.96	0.98	0.90	0.89

Competitive Comparison of Twin Ridge Capital Acquisition's Equity-to-Asset

For the Shell Companies subindustry, Twin Ridge Capital Acquisition'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.

Twin Ridge Capital Acquisition's Equity-to-Asset Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Twin Ridge Capital Acquisition's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Twin Ridge Capital Acquisition's Equity-to-Asset falls into.

Twin Ridge Capital Acquisition 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.

Twin Ridge Capital Acquisition's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	212.239	/	217.19
	=

Twin Ridge Capital Acquisition's Equity to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

Equity to Asset (Q: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	58.715	/	66.029
	=

Twin Ridge Capital Acquisition (NYSE:TRCA) 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%.

Twin Ridge Capital Acquisition Equity-to-Asset Related Terms

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

Twin Ridge Capital Acquisition (Twin Ridge Capital Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Twin Ridge Capital Acquisition Corp (NYSE:TRCA) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

999 Vanderbilt Beach Road, Suite 200, Naples, FL, USA, 34108

Website

https://www.twinridgecapitalac.com

Twin Ridge Capital Acquisition Corp is a blank check company.

Executives

Gary H Pilnick	director
Dale F Morrison	director, 10 percent owner	152 W 57TH ST, NEW YORK NY 10019
Twin Ridge Capital Sponsor, Llc	director, 10 percent owner	707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025
Alison Sarah Burns	director	C/O TWIN RIDGE CAPITAL ACQUISITION CORP., 707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025
Sanjay Krishnakumar Morey	director, 10 percent owner, officer: Co-CEO and President	C/O TWIN RIDGE CAPITAL ACQUISITION CORP., 707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025
Russell William Peter Jr	director, 10 percent owner, officer: Co-CEO and CFO	C/O TWIN RIDGE CAPITAL ACQUISITION CORP., 707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025
Paul Henrys	director	C/O TWIN RIDGE CAPITAL ACQUISITION CORP., 707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025