GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Niles Financial Inc (OTCPK:FNFI) » Definitions » Equity-to-Asset

First Niles Financial (First Niles Financial) Equity-to-Asset : 0.20 (As of Jun. 2018)


View and export this data going back to 1998. Start your Free Trial

What is First Niles Financial Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. First Niles Financial's Total Stockholders Equity for the quarter that ended in Jun. 2018 was $20.02 Mil. First Niles Financial's Total Assets for the quarter that ended in Jun. 2018 was $100.67 Mil. Therefore, First Niles Financial's Equity to Asset Ratio for the quarter that ended in Jun. 2018 was 0.20.

The historical rank and industry rank for First Niles Financial's Equity-to-Asset or its related term are showing as below:

FNFI's Equity-to-Asset is not ranked *
in the Banks industry.
Industry Median: 0.09
* Ranked among companies with meaningful Equity-to-Asset only.

First Niles Financial Equity-to-Asset Historical Data

The historical data trend for First Niles 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.

* Premium members only.

First Niles Financial Equity-to-Asset Chart

First Niles Financial Annual Data
Trend Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec13 Dec14 Dec15
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.17 0.17 0.11 0.12 0.12

First Niles Financial Semi-Annual Data
Jun99 Dec99 Jun00 Dec00 Jun01 Dec01 Jun02 Dec02 Jun03 Dec03 Jun04 Dec04 Jun05 Dec05 Jun06 Dec13 Dec14 Dec15 Jun17 Jun18
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.11 0.12 0.12 - 0.20

Competitive Comparison of First Niles Financial's Equity-to-Asset

For the Banks - Regional subindustry, First Niles 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.


First Niles Financial's Equity-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, First Niles Financial's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where First Niles Financial's Equity-to-Asset falls into.



First Niles 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.

First Niles Financial's Equity to Asset Ratio for the fiscal year that ended in Dec. 2015 is calculated as

Equity to Asset (A: Dec. 2015 )=Total Stockholders Equity/Total Assets
=12.107/98.472
=0.12

First Niles Financial's Equity to Asset Ratio for the quarter that ended in Jun. 2018 is calculated as

Equity to Asset (Q: Jun. 2018 )=Total Stockholders Equity/Total Assets
=20.023/100.665
=0.20

* 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.


First Niles Financial  (OTCPK:FNFI) 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%.


First Niles Financial Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of First Niles Financial's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


First Niles Financial (First Niles Financial) Business Description

Traded in Other Exchanges
N/A
Address
55 North Main Street, P.O. Box 311, Niles, OH, USA, 44446-0311
First Niles Financial Inc is a unitary, non-diversified holding company. It conducts a general banking business in Niles, Ohio, which consists of attracting deposits from the general public and applying those funds to the origination of loans for residential, commercial, and consumer purposes. The primary sources of revenue for the company are from interest and dividend income on loans and securities along with noninterest revenue resulting from investment security gains, loan servicing, gains on the sale of loans, commitment fees, fees from financial guarantees, certain credit cards fees, and income on bank-owned life insurance.

First Niles Financial (First Niles Financial) Headlines

No Headlines