Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Asta Funding's Total Stockholders Equity for the quarter that ended in Jun. 2020 was $90.31 Mil. Asta Funding's Total Assets for the quarter that ended in Jun. 2020 was $93.43 Mil.
Therefore, Asta Funding's Equity to Asset Ratio for the quarter that ended in Jun. 2020 was 0.97.
The historical rank and industry rank for Asta Funding's Equity-to-Asset or its related term are showing as below:
ASFI's Equity-to-Asset is not ranked *
in the Credit Services industry.
Industry Median: 0.365 * Ranked among companies with meaningful Equity-to-Asset only.
Asta Funding Equity-to-Asset Historical Data
The historical data trend for Asta Funding'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 Asta Funding's Equity-to-Asset
For the Credit Services subindustry, Asta Funding'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.
Asta Funding's Equity-to-Asset Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Asta Funding's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Asta Funding's Equity-to-Asset falls into.
Asta Funding 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.
Asta Funding's Equity to Asset Ratio for the fiscal year that ended in Sep. 2019 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%.
Asta Funding Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Asta Funding's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Asta Funding Inc is a US-based company engaged in the business of acquiring, managing, servicing and recovering on portfolios of consumer receivables. It has organized its business into three segments: Consumer Receivables, Personal Injury Claims, Social Security Disability Advocacy. Its business activity involves purchasing, managing for its own account and servicing distressed consumer receivables, including charged-off receivables, semi-performing receivables and performing receivables, purchasing interests in personal injury claims from claimants who are a party to personal injury litigation, purchasing periodic structured settlements and annuity policies from individuals in exchange for a lump sum payment.
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