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Infinite Acquisition (Infinite Acquisition) Equity-to-Asset : 0.96 (As of Jun. 2023)


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What is Infinite Acquisition Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Infinite Acquisition's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $281.22 Mil. Infinite Acquisition's Total Assets for the quarter that ended in Jun. 2023 was $292.11 Mil.

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

NFNT' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.13   Med: 0.96   Max: 0.97
Current: 0.96

During the past 2 years, the highest Equity to Asset Ratio of Infinite Acquisition was 0.97. The lowest was -0.13. And the median was 0.96.

NFNT's Equity-to-Asset is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.81 vs NFNT: 0.96

Infinite Acquisition Equity-to-Asset Historical Data

The historical data trend for Infinite Acquisition'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.

Infinite Acquisition Equity-to-Asset Chart

Infinite Acquisition Annual Data
Trend Dec21 Dec22
Equity-to-Asset
0.97 0.96

Infinite Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.96 0.96 0.96 0.96 0.96

Competitive Comparison of Infinite Acquisition's Equity-to-Asset

For the Shell Companies subindustry, Infinite Acquisition'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.


Infinite Acquisition's Equity-to-Asset Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Infinite Acquisition's Equity-to-Asset distribution charts can be found below:

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



Infinite Acquisition 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.

Infinite Acquisition's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )=Total Stockholders Equity/Total Assets
=275.591/286.151
=

Infinite Acquisition's Equity to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

Equity to Asset (Q: Jun. 2023 )=Total Stockholders Equity/Total Assets
=281.223/292.113
=

* 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.


Infinite Acquisition  (NYSE:NFNT) 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%.


Infinite Acquisition Equity-to-Asset Related Terms

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


Infinite Acquisition (Infinite Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
745 Fifth Avenue, 15th Floor, New York, NY, USA, 10151
Infinite Acquisition Corp is a blank check company.
Executives
David Scott Farber officer: Chief Financial Officer 745 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10151
Anre D Williams director 200 VESEY STREET, NEW YORK NY 10285
Rosenstock James Arthur Iii officer: Chief Financial Officer 3280 PEACHTREE ROAD NE, SUITE 600, ATLANTA GA 30305
Infinite Sponsor, Llc 10 percent owner 660 MADISON AVENUE, NEW YORK NY 10065
Aryeh B Burkoff director C/O INFINITE ACQUISITION CORP., 660 MADISON AVENUE, NEW YORK NY 10065
Annastasia Skilakos Seebohm director C/O INFINITE ACQUISITION CORP., 660 MADISON AVENUE, NEW YORK NY 10065
Alex Michael officer: Chief Development Officer C/O INFINITE ACQUISITION CORP., 660 MADISON AVENUE, NEW YORK NY 10065
Samuel W Lessin director C/O INFINITE ACQUISITION CORP., 660 MADISON AVENUE, NEW YORK NY 10065
Kevin Durant director, officer: Co-CEO and Director C/O INFINITE ACQUISITION CORP., 660 MADISON AVENUE, NEW YORK NY 10065
Stacey Bendet director C/O INFINITE ACQUISITION CORP., 660 MADISON AVENUE, NEW YORK NY 10065
Richard Kleiman director, officer: Co-CEO and Director C/O INFINITE ACQUISITION CORP., 660 MADISON AVENUE, NEW YORK NY 10065