ECN Capital (TSX:ECN.PR.A.PFD) Total Assets : C$1,723.73 Mil (As of Dec. 2023)

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What is ECN Capital Total Assets?

ECN Capital's Total Assets for the quarter that ended in Dec. 2023 was C$1,723.73 Mil.

During the past 12 months, ECN Capital's average Total Assets Growth Rate was -11.10% per year. During the past 3 years, the average Total Assets Growth Rate was -7.30% per year. During the past 5 years, the average Total Assets Growth Rate was -6.90% per year.

During the past 11 years, ECN Capital's highest 3-Year average Total Assets Growth Rate was -4.20%. The lowest was -30.10%. And the median was -15.70%.

Total Assets is connected with ROA %. ECN Capital's annualized ROA % for the quarter that ended in Dec. 2023 was -17.10%. Total Assets is also linked to Revenue through Asset Turnover. ECN Capital's Asset Turnover for the quarter that ended in Dec. 2023 was 0.02.

ECN Capital Total Assets Historical Data

The historical data trend for ECN Capital'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.

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ECN Capital Total Assets Chart

ECN Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2,235.00

2,185.48

1,467.03

1,920.16

1,723.73

ECN Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															1,920.16	1,940.13	1,715.29	1,669.02	1,723.73

ECN Capital Total Assets Calculation

Total Assets are all the assets a company owns.

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.

ECN Capital's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	281.049	+	1442.683
	=	1,723.73

ECN Capital's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	281.049	+	1442.683
	=	1,723.73

ECN Capital (TSX:ECN.PR.A.PFD) Total Assets Explanation

Total Assets is connected with ROA %.

ECN Capital's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-290.06	/	( (1669.015	+	1723.732)	/ 2 )
	=	-290.06	/	1696.3735
	=	-17.10 %

Note: The Net Income data used here is four times the quarterly (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.

ECN Capital's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	36.404	/	( (1669.015	+	1723.732)	/ 2 )
=	36.404	/	1696.3735
=	0.02

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.

ECN Capital Total Assets Related Terms

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ECN Capital (TSX:ECN.PR.A.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ECN Capital Corp (TSX:ECN.PR.A.PFD) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

ECNCF:USA 2EZ:Germany ECN.PR.C.PFD:Canada ECN:Canada

Address

161 Bay Street, Suite 2800, Toronto, ON, CAN, M5J2S1

Website

https://www.ecncapitalcorp.com

ECN Capital Corp is a financial business service provider. The group originates, manages, and advises on credit assets on behalf of its partners, specifically consumer loans and commercial loans. The company's operating segment includes Manufactured Housing Finance, and Recreational Vehicle and Marine (RV and Marine) Finance.

ECN Capital (TSX:ECN.PR.A.PFD) Headlines

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