Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Platinum Capital's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$442.75 Mil. Platinum Capital's Total Assets for the quarter that ended in Dec. 2023 was A$450.06 Mil.
Therefore, Platinum Capital's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.98.
The historical rank and industry rank for Platinum Capital's Equity-to-Asset or its related term are showing as below:
ASX:PMC'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.92 Med: 0.96 Max: 0.99
Current: 0.98
During the past 13 years, the highest Equity to Asset Ratio of Platinum Capital was 0.99. The lowest was 0.92. And the median was 0.96.
ASX:PMC's Equity-to-Asset is ranked better than 80.89% of 1727
companies
in the Asset Management industry
Industry Median: 0.83
vs ASX:PMC: 0.98
Platinum Capital Equity-to-Asset Historical Data
The historical data trend for Platinum 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.
Competitive Comparison of Platinum Capital's Equity-to-Asset
For the Asset Management subindustry, Platinum 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.
Platinum Capital's Equity-to-Asset Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Platinum Capital's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Platinum Capital's Equity-to-Asset falls into.
Platinum 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.
Platinum Capital's Equity to Asset Ratio for the fiscal year that ended in Jun. 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.
Platinum Capital (ASX:PMC) 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%.
Platinum Capital Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Platinum Capital's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Platinum Capital Ltd is an Australian close-ended investment company with its investment objectives to deliver attractive returns to shareholders over time, made up of capital growth and fully-franked dividends, and contain capital losses by mitigating the impact of market downturns. It focuses on investing in securities of a company, of which business and growth are undervalued. The investment manager of the company adopts a bottom-up stock selection methodology through which long-term capital growth is sought by investing in undervalued securities, cash and actively managed currency as well as it seeks to earn absolute returns. Its portfolio includes equities and derivatives, forward currency contracts and overseas bank accounts.
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