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BNY Mellon Strategic Municipals,LEO +0.49%30 Equity-to-Asset is 0.65 as of Mar. 2026, which is 2% above its 10-year median of 0.64. GuruFocus rates LEO with a GF Score™ of 30/100. The stock has 5 warning signs investors should review. Among 1,634 Asset Management companies, BNY Mellon Strategic Municipals, ranks worse than 68.3% on this metric.
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%.
BNY Mellon Strategic Municipals, Equity-to-Asset Related Terms
BNY Mellon Strategic Municipals, 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.
LEO vs SDHY, GBAB, PFL: Equity-to-Asset Comparison
For the Asset Management subindustry, BNY Mellon Strategic Municipals,'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.
BNY Mellon Strategic Municipals, Equity-to-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BNY Mellon Strategic Municipals,'s Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where BNY Mellon Strategic Municipals,'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.
* 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.
BNY Mellon Strategic Municipals, (LEO) has a Equity-to-Asset of 0.65 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on BNY Mellon Strategic Municipals, and its competitors. This is near median its historical median of 0.64. Over the past decade, BNY Mellon Strategic Municipals,'s Equity-to-Asset has ranged from 0.61 to 0.69. According to the industry distribution chart, BNY Mellon Strategic Municipals, ranks #1116 out of 1634 companies in the Asset Management industry, placing it in the top 68.3%.
Is BNY Mellon Strategic Municipals,'s Equity-to-Asset too high?
BNY Mellon Strategic Municipals,'s current Equity-to-Asset of 0.65 is near median its 10-year median of 0.64. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 0.69. The Asset Management industry median Equity-to-Asset is 0.83. BNY Mellon Strategic Municipals,'s value of 0.65 is 21.7% below this industry median. Based on the distribution chart, BNY Mellon Strategic Municipals, ranks #1116 out of 1634 companies in the Asset Management industry, which is below the industry midpoint. Overall, BNY Mellon Strategic Municipals, has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does BNY Mellon Strategic Municipals,'s Equity-to-Asset compare to SDHY and GBAB?
According to the Asset Management industry distribution chart, BNY Mellon Strategic Municipals, ranks #1116 out of 1634 companies for Equity-to-Asset. This places BNY Mellon Strategic Municipals, in the lower half of its industry. The industry median Equity-to-Asset is 0.83. BNY Mellon Strategic Municipals,'s value of 0.65 is 21.7% below this benchmark. Historically, BNY Mellon Strategic Municipals,'s own Equity-to-Asset has ranged from 0.61 to 0.69 over the past decade. While the company's 10-year median is 0.64 vs. the industry median of 0.83, BNY Mellon Strategic Municipals, has consistently been below 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 1,634 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. BNY Mellon Strategic Municipals,'s current Equity-to-Asset of 0.65 is 21.7% below 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 BNY Mellon Strategic Municipals, 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. BNY Mellon Strategic Municipals,'s current Equity-to-Asset is 0.65, which is near median its own 10-year median of 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BNY Mellon Strategic Municipals, stock overvalued right now?
BNY Mellon Strategic Municipals, (LEO) has a current Equity-to-Asset of 0.65. The current Equity-to-Asset is 0.65, which is near median its 10-year median of 0.64 and 21.7% below the Asset Management industry median of 0.83. BNY Mellon Strategic Municipals,'s overall GF Score™ is 30/100 with 5 warning signs to review. 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 BNY Mellon Strategic Municipals, (LEO), the current Equity-to-Asset is 0.65 as of Mar. 2026. 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.
BNY Mellon Strategic Municipals, Inc. is a diversified closed-end management investment company. The fund's investment objective is to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. Its products include equity and fixed income mutual funds, retail money market funds, government/treasury money market funds, institutional money market funds, and others. The company and its affiliates, as well as others involved in the management, sales, investment activities, business operations, or distribution of the fund, are engaged in businesses and have interests other than those of managing the fund.
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