New America Highome Fund's Total Assets for the quarter that ended in Dec. 2023 was $279.72 Mil.
During the past 12 months, New America Highome Fund's average Total Assets Growth Rate was 8.10% per year.
During the past 3 years, the average Total Assets Growth Rate was -3.90% per year.
During the past 5 years, the average Total Assets Growth Rate was -3.30% per year.
During the past 7 years, New America Highome Fund's highest 3-Year average Total Assets Growth Rate was 1.10%. The lowest was -7.60%. And the median was -2.75%.
Total Assets is connected with ROA %. New America Highome Fund's annualizedROA % for the quarter that ended in Dec. 2023 was 12.41%. Total Assets is also linked to Revenue through Asset Turnover. New America Highome Fund's Asset Turnover for the quarter that ended in Dec. 2023 was 0.07.
New America Highome Fund Total Assets Historical Data
The historical data trend for New America Highome Fund's Total Assets 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.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
New America Highome Fund's Total Assets 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.
New America Highome Fund (NYSE:HYB) Total Assets Explanation
Note:
The Net Income data used here is two times the semi-annual (Dec. 2023) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
New America Highome Fund's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
New America Highome Fund Total Assets Related Terms
Thank you for viewing the detailed overview of New America Highome Fund's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
New America Highome Fund (New America Highome Fund) Business Description
New America High Income Fund Inc is a diversified, closed?end management investment company. Its investment objective is to provide high current income while seeking to preserve stockholder capital by investing in a diversified portfolio of high-yield fixed-income securities. The fund invests primarily in fixed-maturity corporate debt securities that are rated less than the investment grade. Its portfolio of investment consists of investments in different sectors such as energy, financial, cable operators, healthcare, and others.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HYB has been successfully added to your 