Equity to Asset ratio is calculated as total stockholders equity divided by total asset. The New Ireland Fund's Total Stockholders Equity for the quarter that ended in Oct. 2022 was $31.73 Mil. The New Ireland Fund's Total Assets for the quarter that ended in Oct. 2022 was $31.90 Mil.
Therefore, The New Ireland Fund's Equity to Asset Ratio for the quarter that ended in Oct. 2022 was 1.00.
The historical rank and industry rank for The New Ireland Fund's Equity-to-Asset or its related term are showing as below:
IRL's Equity-to-Asset is not ranked *
in the Asset Management industry.
Industry Median: 0.83 * Ranked among companies with meaningful Equity-to-Asset only.
The New Ireland Fund Equity-to-Asset Historical Data
The historical data trend for The New Ireland 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 The New Ireland Fund's Equity-to-Asset
For the Asset Management subindustry, The New Ireland 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.
The New Ireland Fund's Equity-to-Asset Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, The New Ireland Fund's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where The New Ireland Fund's Equity-to-Asset falls into.
The New Ireland 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.
The New Ireland Fund's Equity to Asset Ratio for the fiscal year that ended in Oct. 2022 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.
The New Ireland Fund (NYSE:IRL) 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%.
The New Ireland Fund Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of The New Ireland Fund's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
The New Ireland Fund (The New Ireland Fund) Business Description
The New Ireland Fund Inc is a non-diversified, closed-end management investment company. The fund's investment objective is long-term capital appreciation through investment primarily in equity securities of Irish companies. The fund invests in various sectors such as Construction Materials, Airlines, Building products, Hotels, Restaurants and Leisure, Bank, Food products, and others.
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