Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Pathward Financial's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $839.9 Mil. Pathward Financial's Total Assets for the quarter that ended in Sep. 2024 was $7,549.3 Mil.
Therefore, Pathward Financial's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was 0.11.
The historical rank and industry rank for Pathward Financial's Equity-to-Asset or its related term are showing as below:
CASH'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.08 Med: 0.11 Max: 0.14
Current: 0.11
During the past 13 years, the highest Equity to Asset Ratio of Pathward Financial was 0.14. The lowest was 0.08. And the median was 0.11.
CASH's Equity-to-Asset is ranked better than 66.08% of 1536
companies
in the Banks industry
Industry Median: 0.1
vs CASH: 0.11
Pathward Financial Equity-to-Asset Historical Data
The historical data trend for Pathward 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.
Competitive Comparison of Pathward Financial's Equity-to-Asset
For the Banks - Regional subindustry, Pathward 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.
Pathward Financial's Equity-to-Asset Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Pathward Financial's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Pathward Financial's Equity-to-Asset falls into.
Pathward Financial 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.
Pathward Financial's Equity to Asset Ratio for the fiscal year that ended in Sep. 2024 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.
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%.
Pathward Financial Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Pathward Financial's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Pathward Financial Inc is a unitary savings and loan holding company. It's a wholly owned full-service banking subsidiary of Meta Financial, is both a community-oriented financial institution offering a variety of financial services to meet the needs of the communities it serves, and a payments company providing services on a nationwide basis. It operates through three reportable segments: Consumer: The Consumer segment includes the Partner Solutions business line, which collaborates with partners to navigate payment and lending needs; Commercial: The Commercial segment includes the Company's Commercial Finance business line, which helps businesses access funds needed to launch, operate, and grow; and Corporate Services. The majority of the revenue is generated from Consumer segment.
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