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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Nicholas Financial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $59.05 Mil. Nicholas Financial's Total Assets for the quarter that ended in Dec. 2023 was $59.99 Mil. Therefore, Nicholas Financial's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.98.
The historical rank and industry rank for Nicholas Financial's Equity-to-Asset or its related term are showing as below:
During the past 13 years, the highest Equity to Asset Ratio of Nicholas Financial was 0.98. The lowest was 0.30. And the median was 0.46.
The historical data trend for Nicholas Financial'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.
For the Credit Services subindustry, Nicholas Financial'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.
For the Credit Services industry and Financial Services sector, Nicholas Financial's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Nicholas Financial's Equity-to-Asset falls into.
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.
Nicholas Financial's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as
Equity to Asset (A: Mar. 2023 ) | = | Total Stockholders Equity | / | Total Assets |
= | 79.809 | / | 110.348 | |
= | 0.72 |
Nicholas Financial's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as
Equity to Asset (Q: Dec. 2023 ) | = | Total Stockholders Equity | / | Total Assets |
= | 59.053 | / | 59.991 | |
= | 0.98 |
* 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.
Nicholas Financial (NAS:NICK) 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%.
Thank you for viewing the detailed overview of Nicholas Financial's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Magnolia Capital Fund, Lp | 10 percent owner | 1601 DODGE STREET, SUITE 3300, OMAHA NE 68102 |
Jeffrey C Royal | director | 5420 NICHOLAS STREET, OMAHA NE 68132 |
Mark R Hutchins | director | 2454 MCMULLEN BOOTH RD, BUILDING C, CLEARWATER FL 33759 |
Michael Rost | officer: interim CEO | 2454 MCMULLEN BOOTH RD, BUILDING C, CLEARWATER FL 33759 |
Irina Nashtatik | officer: CFO | 2454 MCMULLEN BOOTH ROAD, BUILDING C, CLEARWATER FL 33759 |
Douglas W Marohn | officer: Snr. Vice President Branch Ops | 2454 MCMULLEN BOOTH RD, BLDG C #501B, CLEARWATER FL 33759 |
Brendan Joseph Keating | director | 8918 SPANISH RIDGE AVENUE, SUITE 100, LAS VEGAS NV 89148 |
Kelly M Malson | officer: Chief Financial Officer | 2454 MCMULLEN BOOTH ROAD, BUILDING C, CLEARWATER FL 33759 |
Adam K Peterson | director, 10 percent owner | 1601 DODGE STREET, SUITE 3300, OMAHA NE 68102 |
Chad Steinorth | officer: Vice President and Interim CFO | 2454 MCMULLEN BOOTH ROAD, BUILDING C, CLEARWATER FL 33759 |
Jeremy Qinli Zhu | director | 1940 LINDA FLORA DRIVE, LOS ANGELES CA 90077 |
Magnolia Group, Llc | 10 percent owner | 1601 DODGE STREET, SUITE 3300, OMAHA NE 68102 |
Robin Hastings | director | 2454 MCMULLEN BOOTH RD, BUILDING C, CLEARWATER FL 33759 |
Todd Pfister | director | 2454 MCMULLEN BOOTH ROD, BUILDING C, CLEARWATER FL 33759 |
Mahan Children Llc | 10 percent owner | 219 7TH STREET, TIERRA VERDE FL 33715 |
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