IFN (India Fund) Equity-to-Asset: 0.93 (As of Dec. 2025) — Near Median

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IFN India Fund Inc IFN
27 GF Score
Price $11.88
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What is India Fund Equity-to-Asset?

India Fund IFN +0.34% 27 Equity-to-Asset is 0.93 as of Dec. 2025, which is at its 10-year median of 0.93. GuruFocus rates IFN with a GF Score™ of 27/100. Among 1,630 Asset Management companies, India Fund ranks better than 67.18% on this metric.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. India Fund's Total Stockholders Equity for the quarter that ended in Dec. 2025 was $623.56 Mil. India Fund's Total Assets for the quarter that ended in Dec. 2025 was $668.20 Mil. Therefore, India Fund's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.93.

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

IFN' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.9   Med: 0.93   Max: 0.96
Current: 0.93

During the past 10 years, the highest Equity to Asset Ratio of India Fund was 0.96. The lowest was 0.90. And the median was 0.93.

IFN's Equity-to-Asset is ranked better than
67.18% of 1630 companies
in the Asset Management industry
Industry Median: 0.83 vs IFN: 0.93

India Fund  (NYSE:IFN) 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%.


India Fund Equity-to-Asset Related Terms


India Fund Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for India 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.

India Fund Equity-to-Asset Chart

India Fund Annual Data
Trend Dec15 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.90 0.92 0.95 0.93 0.93

India Fund Semi-Annual Data
Jun15 Dec15 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.95 0.94 0.93 0.96 0.93

IFN vs PML, BLW, EIM: Equity-to-Asset Comparison

For the Asset Management subindustry, India 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.


India Fund Equity-to-Asset vs Asset Management Industry

For the Asset Management industry and Financial Services sector, India Fund's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where India Fund's Equity-to-Asset falls into.


IFN
27GF Score
India Fund Inc IFN
Equity-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
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India 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.

India Fund's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Equity to Asset (A: Dec. 2025 )=Total Stockholders Equity/Total Assets
=623.558/668.196
=0.93

India Fund's Equity to Asset Ratio for the quarter that ended in Dec. 2025 is calculated as

Equity to Asset (Q: Dec. 2025 )=Total Stockholders Equity/Total Assets
=623.558/668.196
=0.93

* 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.

Frequently Asked Questions Learn more about Equity-to-Asset →
What does a Equity-to-Asset of 0.93 mean?
India Fund (IFN) has a Equity-to-Asset of 0.93 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on India Fund and its competitors. This is near median its historical median of 0.93. Over the past decade, India Fund's Equity-to-Asset has ranged from 0.90 to 0.96. According to the industry distribution chart, India Fund ranks #535 out of 1630 companies in the Asset Management industry, placing it in the top 32.8%.
Is India Fund's Equity-to-Asset too high?
India Fund's current Equity-to-Asset of 0.93 is near median its 10-year median of 0.93. Over the past 10 years, this metric has ranged from a low of 0.90 to a high of 0.96. The Asset Management industry median Equity-to-Asset is 0.83. India Fund's value of 0.93 is 12% above this industry median. Based on the distribution chart, India Fund ranks #535 out of 1630 companies in the Asset Management industry, which is above the industry midpoint. Overall, India Fund has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does India Fund's Equity-to-Asset compare to PML and BLW?
According to the Asset Management industry distribution chart, India Fund ranks #535 out of 1630 companies for Equity-to-Asset. This puts India Fund in the upper half of its industry. The industry median Equity-to-Asset is 0.83. India Fund's value of 0.93 is 12% above this benchmark. Historically, India Fund's own Equity-to-Asset has ranged from 0.90 to 0.96 over the past decade. While the company's 10-year median is 0.93 vs. the industry median of 0.83, India Fund has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for an Asset Management company?
The median Equity-to-Asset among Asset Management companies is 0.83, based on 1,630 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. India Fund's current Equity-to-Asset of 0.93 is 12% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on India Fund and its competitors. For the Asset Management industry, the median Equity-to-Asset is 0.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. India Fund's current Equity-to-Asset is 0.93, which is near median its own 10-year median of 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is India Fund stock overvalued right now?
India Fund (IFN) has a current Equity-to-Asset of 0.93. The current Equity-to-Asset is 0.93, which is near median its 10-year median of 0.93 and 12% above the Asset Management industry median of 0.83. India Fund's overall GF Score™ is 27/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For India Fund (IFN), the current Equity-to-Asset is 0.93 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

India Fund Business Description

Address 1900 Market Street, Suite 200, Philadelphia, PA, USA, 19103
India Fund Inc is a non-diversified closed-end management investment company. The fund's investment objective is long-term capital appreciation, which it seeks to achieve by investing in the equity securities of Indian companies. The company's portfolio is a non-diversified closed-end management investment company across various sectors such as financials, consumer staples, information technology, materials, healthcare, consumer discretionary, industrials, telecommunication services, utilities, and others.
27GF Score

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Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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