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NIE (Virtus AllianzGI Equitynvertibleome Fund) Equity-to-Asset : 1.00 (As of Jul. 2024)


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What is Virtus AllianzGI Equitynvertibleome Fund Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Virtus AllianzGI Equitynvertibleome Fund's Total Stockholders Equity for the quarter that ended in Jul. 2024 was $692.99 Mil. Virtus AllianzGI Equitynvertibleome Fund's Total Assets for the quarter that ended in Jul. 2024 was $695.03 Mil. Therefore, Virtus AllianzGI Equitynvertibleome Fund's Equity to Asset Ratio for the quarter that ended in Jul. 2024 was 1.00.

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

NIE' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.96   Med: 0.99   Max: 1
Current: 1

During the past 7 years, the highest Equity to Asset Ratio of Virtus AllianzGI Equitynvertibleome Fund was 1.00. The lowest was 0.96. And the median was 0.99.

NIE's Equity-to-Asset is ranked better than
99.82% of 1703 companies
in the Asset Management industry
Industry Median: 0.84 vs NIE: 1.00

Virtus AllianzGI Equitynvertibleome Fund Equity-to-Asset Historical Data

The historical data trend for Virtus AllianzGI Equitynvertibleome 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.

* Premium members only.

Virtus AllianzGI Equitynvertibleome Fund Equity-to-Asset Chart

Virtus AllianzGI Equitynvertibleome Fund Annual Data
Trend Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Equity-to-Asset
Get a 7-Day Free Trial 0.99 0.99 0.99 0.99 0.98

Virtus AllianzGI Equitynvertibleome Fund Semi-Annual Data
Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24
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 0.99 0.99 0.99 0.98 1.00

Competitive Comparison of Virtus AllianzGI Equitynvertibleome Fund's Equity-to-Asset

For the Asset Management subindustry, Virtus AllianzGI Equitynvertibleome 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.


Virtus AllianzGI Equitynvertibleome Fund's Equity-to-Asset Distribution in the Asset Management Industry

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

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



Virtus AllianzGI Equitynvertibleome 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.

Virtus AllianzGI Equitynvertibleome Fund's Equity to Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

Equity to Asset (A: Jan. 2024 )=Total Stockholders Equity/Total Assets
=659.977/671.835
=0.98

Virtus AllianzGI Equitynvertibleome Fund's Equity to Asset Ratio for the quarter that ended in Jul. 2024 is calculated as

Equity to Asset (Q: Jul. 2024 )=Total Stockholders Equity/Total Assets
=692.987/695.031
=1.00

* 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.


Virtus AllianzGI Equitynvertibleome Fund  (NYSE:NIE) 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%.


Virtus AllianzGI Equitynvertibleome Fund Equity-to-Asset Related Terms

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


Virtus AllianzGI Equitynvertibleome Fund Business Description

Traded in Other Exchanges
N/A
Address
101 Munson Street, Greenfield, MA, USA, 01301-9683
Virtus AllianzGI Equity & Convertible Income Fund is a diversified, closed-end management investment company. Its investment objective is to seek total return comprised of capital appreciation, current income, and gains. The fund pursues its objective by investing in a diversified portfolio of equity securities and income-producing convertible securities. Its portfolio of investments comprises different sector investments such as aerospace and defense, banks, IT services, software, and others.
Executives
Donald C Burke director C/O BLACKROCK FINANCIAL MANAGEMENT, INC., 40 EAST 52ND STREET, NEW YORK NY 10022
Mcdaniel Connie D director C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Geraldine M Mcnamara director 150 EAST 44TH ST, APT 35G, NEW YORK NY 10017
Christine Hurtsellers other: CEO - Subadviser to the issuer 230 PARK AVENUE, NEW YORK NY 10169
Vincent J Costa other: CIO-Subadviser to the issuer 800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Paul Zemsky other: CIO-Subadviser to the issuer 230 PARK AVENUE, NEW YORK NY 10169
Voya Investment Management Co other: Subadviser to the issuer 10 STATE HOUSE SQUARE, SH12, HARTFORD CT 06103-3602
R Keith Walton director 100 PEARL STREET, HARTFORD CT 06103
Deborah A Decotis director 1633 BROADWAY, NEW YORK NY 10019
David J. Oberto officer: Portfolio Manager 1633 BROADWAY, NEW YORK NY 10019
Philip R Mcloughlin director 800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Brian T Zino director 100 PARK AVENUE, NEW YORK NY 10017
George R Aylward director, officer: President and CEO C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Richard W Smirl officer: EVP C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103
F Ford Drummond director 100 N BROADWAY, OKLAHOMA CITY OK 73102

Virtus AllianzGI Equitynvertibleome Fund Headlines

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