Equity to Asset ratio is calculated as total stockholders equity divided by total asset. BlackRock TCP Capital's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $687.60 Mil. BlackRock TCP Capital's Total Assets for the quarter that ended in Dec. 2023 was $1,698.77 Mil.
Therefore, BlackRock TCP Capital's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.41.
The historical rank and industry rank for BlackRock TCP Capital's Equity-to-Asset or its related term are showing as below:
TCPC'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.41 Med: 0.48 Max: 0.61
Current: 0.41
During the past 13 years, the highest Equity to Asset Ratio of BlackRock TCP Capital was 0.61. The lowest was 0.41. And the median was 0.48.
TCPC's Equity-to-Asset is ranked worse than 87.03% of 1727
companies
in the Asset Management industry
Industry Median: 0.83
vs TCPC: 0.41
BlackRock TCP Capital Equity-to-Asset Historical Data
The historical data trend for BlackRock TCP Capital'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 Asset Management subindustry, BlackRock TCP Capital'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.
BlackRock TCP Capital Equity-to-Asset Distribution
For the Asset Management industry and Financial Services sector, BlackRock TCP Capital's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where BlackRock TCP Capital's Equity-to-Asset falls into.
BlackRock TCP Capital 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.
BlackRock TCP Capital's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 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.
BlackRock TCP Capital (NAS:TCPC) 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%.
BlackRock TCP Capital Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of BlackRock TCP Capital's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
BlackRock TCP Capital (BlackRock TCP Capital) Business Description
BlackRock TCP Capital Corp is an externally-managed specialty finance company focused on middle-market lending. Its investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It seeks to achieve our investment objective primarily through investments in debt securities of middle-market companies. The group generates returns through a combination of the receipt of contractual interest payments on debt investments and origination and similar fees, and, to a lesser extent, equity appreciation through options, warrants, conversion rights or direct equity investments.
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