Canadian Large Cap Leaders Split (TSX:NPS) Equity-to-Asset : 0.55 (As of Jun. 2024)

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What is Canadian Large Cap Leaders Split Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Canadian Large Cap Leaders Split's Total Stockholders Equity for the quarter that ended in Jun. 2024 was C$23.39 Mil. Canadian Large Cap Leaders Split's Total Assets for the quarter that ended in Jun. 2024 was C$42.61 Mil.

The historical rank and industry rank for Canadian Large Cap Leaders Split's Equity-to-Asset or its related term are showing as below:

TSX:NPS' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.55 Med: 0.56 Max: 0.58
Current: 0.55

During the past 0 years, the highest Equity to Asset Ratio of Canadian Large Cap Leaders Split was 0.58. The lowest was 0.55. And the median was 0.56.

TSX:NPS's Equity-to-Asset is ranked worse than
79.51% of 1684 companies
in the Asset Management industry
Industry Median: 0.83 vs TSX:NPS: 0.55

Canadian Large Cap Leaders Split Equity-to-Asset Historical Data

The historical data trend for Canadian Large Cap Leaders Split'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.

Canadian Large Cap Leaders Split Equity-to-Asset Chart

Canadian Large Cap Leaders Split Annual Data

Trend

Equity-to-Asset

Canadian Large Cap Leaders Split Quarterly Data
	Mar24	Jun24
Equity-to-Asset	0.58	0.55

Competitive Comparison of Canadian Large Cap Leaders Split's Equity-to-Asset

For the Asset Management subindustry, Canadian Large Cap Leaders Split'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.

Canadian Large Cap Leaders Split's Equity-to-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Canadian Large Cap Leaders Split's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Canadian Large Cap Leaders Split's Equity-to-Asset falls into.

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Canadian Large Cap Leaders Split 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.

Canadian Large Cap Leaders Split's Equity to Asset Ratio for the fiscal year that ended in . 20 is calculated as

Equity to Asset (A: . 20 )	=	Total Stockholders Equity	/	Total Assets
	=		/
	=

Canadian Large Cap Leaders Split's Equity to Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

Equity to Asset (Q: Jun. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	23.391	/	42.609
	=

Canadian Large Cap Leaders Split (TSX:NPS) 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%.

Canadian Large Cap Leaders Split Equity-to-Asset Related Terms

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

Canadian Large Cap Leaders Split Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Canadian Large Cap Leaders Split Corp (TSX:NPS) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Bay street, Suite 2700, Royal Bank Plaza, South Tower, Toronto, ON, CAN, M5J 2J1

Website

https://www.ninepoint.com

Canadian Large Cap Leaders Split Corp is a mutual fund corporation. The company will be amended prior to closing to create the Preferred Shares and the Class A Shares. The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential quarterly cash distributions and the investment objectives for the Class A Shares are to provide their holders with regular monthly noncumulative cash distributions.