What is GAMCO Global Gold Natural Resources &ome Trust Equity-to-Asset?
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. GAMCO Global Gold Natural Resources &ome Trust's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $600.4 Mil. GAMCO Global Gold Natural Resources &ome Trust's Total Assets for the quarter that ended in Jun. 2023 was $709.8 Mil.
Therefore, GAMCO Global Gold Natural Resources &ome Trust's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was 0.85.
The historical rank and industry rank for GAMCO Global Gold Natural Resources &ome Trust's Equity-to-Asset or its related term are showing as below:
GGN'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.82 Med: 0.93 Max: 0.97
Current: 0.85
During the past 13 years, the highest Equity to Asset Ratio of GAMCO Global Gold Natural Resources &ome Trust was 0.97. The lowest was 0.82. And the median was 0.93.
GGN's Equity-to-Asset is ranked better than 53.24% of 1728
companies
in the Asset Management industry
Industry Median: 0.83
vs GGN: 0.85
GAMCO Global Gold Natural Resources &ome Trust Equity-to-Asset Historical Data
The historical data trend for GAMCO Global Gold Natural Resources &ome 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.
* Premium members only.
GAMCO Global Gold Natural Resources &ome Trust Equity-to-Asset Chart
GAMCO Global Gold Natural Resources &ome Trust Annual Data
Competitive Comparison of GAMCO Global Gold Natural Resources &ome Trust's Equity-to-Asset
For the Asset Management subindustry, GAMCO Global Gold Natural Resources &ome 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.
GAMCO Global Gold Natural Resources &ome Trust's Equity-to-Asset Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, GAMCO Global Gold Natural Resources &ome Trust's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where GAMCO Global Gold Natural Resources &ome Trust's Equity-to-Asset falls into.
GAMCO Global Gold Natural Resources &ome 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.
GAMCO Global Gold Natural Resources &ome Trust's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 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.
GAMCO Global Gold Natural Resources &ome Trust (AMEX:GGN) 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%.
GAMCO Global Gold Natural Resources &ome Trust Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of GAMCO Global Gold Natural Resources &ome Trust's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
GAMCO Global Gold Natural Resources &ome Trust (GAMCO Global Gold Natural Resources &ome Trust) Business Description
GAMCO Global Gold Natural Resources & Income Trust is a non-diversified closed-end management investment company. Its primary investment objective is to provide a high current income and capital appreciation as its secondary objective. To achieve its objective, the fund may invest 80% of its assets in equity securities of companies principally engaged in the gold and natural resources industries. It also intends to earn income through an option strategy of writing (selling) covered call options on equity securities in its portfolio.
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