Equity to Asset ratio is calculated as total stockholders equity divided by total asset. GDL Fund's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $117.98 Mil. GDL Fund's Total Assets for the quarter that ended in Dec. 2024 was $173.99 Mil.
Therefore, GDL Fund's Equity to Asset Ratio for the quarter that ended in Dec. 2024 was 0.68.
The historical rank and industry rank for GDL Fund's Equity-to-Asset or its related term are showing as below:
GDL'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.45 Med: 0.63 Max: 0.78
Current: 0.68
During the past 8 years, the highest Equity to Asset Ratio of GDL Fund was 0.78. The lowest was 0.45. And the median was 0.63.
GDL's Equity-to-Asset is ranked worse than 64.63% of 1682
companies
in the Asset Management industry
Industry Median: 0.83
vs GDL: 0.68
GDL Fund Equity-to-Asset Historical Data
The historical data trend for GDL Fund'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 GDL Fund's Equity-to-Asset
For the Asset Management subindustry, GDL 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.
GDL Fund's Equity-to-Asset Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, GDL Fund's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where GDL Fund's Equity-to-Asset falls into.
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.
GDL Fund's Equity to Asset Ratio for the fiscal year that ended in Dec. 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.
GDL Fund (NYSE:GDL) 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%.
GDL Fund Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of GDL Fund's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
GDL Fund is a diversified closed-end management investment company. Its primary investment objective is to achieve absolute returns in various market conditions without excessive risk of capital. The fund seeks to achieve its objective by investing in merger arbitrage transactions and, to a lesser extent, in corporate reorganizations involving stubs, spin-offs, and liquidations.
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