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VKQ (Invesco Municipal Trust) Equity-to-Asset : 0.65 (As of Aug. 2024)


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What is Invesco Municipal Trust Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Invesco Municipal Trust's Total Stockholders Equity for the quarter that ended in Aug. 2024 was $609.87 Mil. Invesco Municipal Trust's Total Assets for the quarter that ended in Aug. 2024 was $933.38 Mil. Therefore, Invesco Municipal Trust's Equity to Asset Ratio for the quarter that ended in Aug. 2024 was 0.65.

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

VKQ' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.58   Med: 0.61   Max: 0.67
Current: 0.65

During the past 7 years, the highest Equity to Asset Ratio of Invesco Municipal Trust was 0.67. The lowest was 0.58. And the median was 0.61.

VKQ's Equity-to-Asset is ranked worse than
69.08% of 1701 companies
in the Asset Management industry
Industry Median: 0.84 vs VKQ: 0.65

Invesco Municipal Trust Equity-to-Asset Historical Data

The historical data trend for Invesco Municipal Trust'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.

Invesco Municipal Trust Equity-to-Asset Chart

Invesco Municipal Trust Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Equity-to-Asset
Get a 7-Day Free Trial 0.61 0.62 0.60 0.60 0.67

Invesco Municipal Trust Semi-Annual Data
Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
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 0.58 0.60 0.62 0.67 0.65

Competitive Comparison of Invesco Municipal Trust's Equity-to-Asset

For the Asset Management subindustry, Invesco Municipal Trust'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.


Invesco Municipal Trust's Equity-to-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Invesco Municipal Trust's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Invesco Municipal Trust's Equity-to-Asset falls into.



Invesco Municipal Trust 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.

Invesco Municipal Trust's Equity to Asset Ratio for the fiscal year that ended in Feb. 2024 is calculated as

Equity to Asset (A: Feb. 2024 )=Total Stockholders Equity/Total Assets
=611.95/919.227
=0.67

Invesco Municipal Trust's Equity to Asset Ratio for the quarter that ended in Aug. 2024 is calculated as

Equity to Asset (Q: Aug. 2024 )=Total Stockholders Equity/Total Assets
=609.865/933.383
=0.65

* 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.


Invesco Municipal Trust  (NYSE:VKQ) 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%.


Invesco Municipal Trust Equity-to-Asset Related Terms

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


Invesco Municipal Trust Business Description

Traded in Other Exchanges
N/A
Address
1555 Peachtree Street, North East, Suite 1800, Atlanta, GA, USA, 30309
Invesco Municipal Trust is a diversified, closed-end management investment company. The company's investment objective is to provide a high level of current income exempt from federal income tax, consistent with the preservation of capital.
Executives
Glenn Eugene Brightman officer: President & PEO 570 CARILLON PARKWAY, ST. PETERSBURG FL 33716
Stephanie Butcher officer: Senior Vice President 1555 PEACHTREE ST. NE, ATLANTA GA 30309
Tony Wong director, officer: Senior Vice President 1331 SPRING STREET NW, SUITE 2500, ATLANTA GA 30309
Melanie Ringold officer: SVP, CLO and Secretary 1555 PEACHTREE STREE NE, SUITE 1800, ATLANTA GA 30309
Mark William Gregson officer: Chief Accounting Officer 1555 PEACHTREE STREET NE, ATLANTA GA 30309
Terry Vacheron officer: Chief Financial Officer 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
Bordewick James R Jr officer: Senior Officer & SVP C/O BANC OF AMERICA INVESTMENT ADVISORS, 100 FEDERAL STREET, BOSTON MA 02110
Josh Cooney other: Portfolio Manager 1555 PEACHTREE ST NE SUITE 1800, ATLANTA GA 30309
Rebecca Setcavage other: Portfolio Manager 1555 PEACHTREE ST NE SUITE 1800, ATLANTA GA 30309
Adrien Deberghes officer: Vice President,PFO & Treasurer 1555 PEACHTREE STREET NE SUITE 1800, ATLANTA GA 30309
Td Group Us Holdings Llc 10 percent owner 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Toronto Dominion Investments, Inc. 10 percent owner 909 FANIN, SUITE 1950, HOUSTON TX 77010
Dominion Bank Toronto 10 percent owner 66 WELLINGTON STREET WEST, 12TH FLOOR, TD TOWER, TORONTO, ONTARIO A6 M5K 1A2
Toronto Dominion Holdings Usa Inc 10 percent owner 40 WALL STREET, NEW YORK NY 10003
Wells Fargo Bank N A 10 percent owner 101 NORTH PHILLIPS AVENUE, SIOUX FALLS SD 57104