ERH'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.7 Med: 0.81 Max: 0.84
Current: 0.78
During the past 13 years, the highest Equity to Asset Ratio of Allspring Utilities and Highome Fund was 0.84. The lowest was 0.70. And the median was 0.81.
ERH's Equity-to-Asset is ranked worse than 55.5% of 1701
companies
in the Asset Management industry
Industry Median: 0.84
vs ERH: 0.78
Allspring Utilities and Highome Fund Equity-to-Asset Historical Data
* 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.
* Premium members only.
Allspring Utilities and Highome Fund Equity-to-Asset Chart
Competitive Comparison of Allspring Utilities and Highome Fund's Equity-to-Asset
For the Asset Management subindustry, Allspring Utilities and Highome Fund'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.
Allspring Utilities and Highome Fund's Equity-to-Asset Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Allspring Utilities and Highome Fund's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Allspring Utilities and Highome Fund's Equity-to-Asset falls into.
Allspring Utilities and Highome Fund 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.
* 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.
Allspring Utilities and Highome Fund (AMEX:ERH) 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%.
Allspring Utilities and Highome Fund Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Allspring Utilities and Highome Fund's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Allspring Utilities and Highome Fund Business Description
Allspring Utilities and High Income Fund is a diversified closed-end management investment company. Its investment objective is to seek a high level of current income and moderate capital growth, with an emphasis on providing tax-advantaged dividend income. The company allocates a majority of its total assets to a sleeve that places a focus on common, preferred, and convertible preferred stocks of utility companies and the rest of its total assets to a sleeve of U.S. dollar denominated below investment grade (high yield) debt.
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