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Reaves Utilityome FundUTG -0.10%32 Equity-to-Asset is 0.81 as of Apr. 2026, which is 1% above its 10-year median of 0.80. GuruFocus rates UTG with a GF Score™ of 32/100. The stock has 4 warning signs investors should review. Among 1,634 Asset Management companies, Reaves Utilityome Fund ranks worse than 51.9% on this metric.
Reaves Utilityome Fund (AMEX:UTG) 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%.
Reaves Utilityome Fund Equity-to-Asset Related Terms
Reaves Utilityome Fund Equity-to-Asset Historical Data
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The historical data trend for Reaves Utilityome 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.
For the Asset Management subindustry, Reaves Utilityome 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.
Reaves Utilityome Fund Equity-to-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Reaves Utilityome Fund's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Reaves Utilityome Fund's Equity-to-Asset falls into.
Reaves Utilityome 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.
Reaves Utilityome Fund's Equity to Asset Ratio for the fiscal year that ended in Oct. 2025 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.
Reaves Utilityome Fund (UTG) has a Equity-to-Asset of 0.81 as of Apr. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Reaves Utilityome Fund and its competitors. This is near median its historical median of 0.80. Over the past decade, Reaves Utilityome Fund's Equity-to-Asset has ranged from 0.76 to 0.83. According to the industry distribution chart, Reaves Utilityome Fund ranks #848 out of 1634 companies in the Asset Management industry, placing it in the top 51.9%.
Is Reaves Utilityome Fund's Equity-to-Asset too high?
Reaves Utilityome Fund's current Equity-to-Asset of 0.81 is near median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 0.83. The Asset Management industry median Equity-to-Asset is 0.83. Reaves Utilityome Fund's value of 0.81 is 2.4% below this industry median. Based on the distribution chart, Reaves Utilityome Fund ranks #848 out of 1634 companies in the Asset Management industry, which is below the industry midpoint. Overall, Reaves Utilityome Fund has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Reaves Utilityome Fund's Equity-to-Asset compare to HLNE and STEP?
According to the Asset Management industry distribution chart, Reaves Utilityome Fund ranks #848 out of 1634 companies for Equity-to-Asset. This places Reaves Utilityome Fund in the lower half of its industry. The industry median Equity-to-Asset is 0.83. Reaves Utilityome Fund's value of 0.81 is 2.4% below this benchmark. Historically, Reaves Utilityome Fund's own Equity-to-Asset has ranged from 0.76 to 0.83 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 0.83, Reaves Utilityome Fund 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. Reaves Utilityome Fund's current Equity-to-Asset of 0.81 is 2.4% 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 Reaves Utilityome Fund 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. Reaves Utilityome Fund's current Equity-to-Asset is 0.81, which is near median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reaves Utilityome Fund stock overvalued right now?
Reaves Utilityome Fund (UTG) has a current Equity-to-Asset of 0.81. The current Equity-to-Asset is 0.81, which is near median its 10-year median of 0.80 and 2.4% below the Asset Management industry median of 0.83. Reaves Utilityome Fund's overall GF Score™ is 32/100 with 4 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 Reaves Utilityome Fund (UTG), the current Equity-to-Asset is 0.81 as of Apr. 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.
Reaves Utility Income Fund is a closed-end management investment company. The company's investment objective is to provide a high level of after-tax income and total return consisting of tax-advantaged dividend income and capital appreciation. It invests a portion of its total assets in securities of utility companies, which may include companies in the electric, gas, water, telecommunications sectors, as well as other companies engaged in other infrastructure operations.
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