Megalith Financial Acquisition (Megalith Financial Acquisition) Equity-to-Asset : 0.77 (As of Sep. 2020)

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What is Megalith Financial Acquisition Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Megalith Financial Acquisition's Total Stockholders Equity for the quarter that ended in Sep. 2020 was $25.51 Mil. Megalith Financial Acquisition's Total Assets for the quarter that ended in Sep. 2020 was $33.26 Mil.

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

MFAC.U' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.14 Med: 0.96 Max: 0.96
Current: 0.77

During the past 3 years, the highest Equity to Asset Ratio of Megalith Financial Acquisition was 0.96. The lowest was 0.14. And the median was 0.96.

MFAC.U's Equity-to-Asset is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.82 vs MFAC.U: 0.77

Megalith Financial Acquisition Equity-to-Asset Historical Data

The historical data trend for Megalith Financial 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.

Megalith Financial Acquisition Equity-to-Asset Chart

Megalith Financial Acquisition Annual Data

Trend

Dec17

Dec18

Dec19

Equity-to-Asset

0.28

0.96

Megalith Financial Acquisition Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Equity-to-Asset	Get a 7-Day Free Trial							0.96	0.96	0.96	0.78	0.77

Competitive Comparison of Megalith Financial Acquisition's Equity-to-Asset

For the Shell Companies subindustry, Megalith Financial 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.

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

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

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

Megalith Financial 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.

Megalith Financial Acquisition's Equity to Asset Ratio for the fiscal year that ended in Dec. 2019 is calculated as

Equity to Asset (A: Dec. 2019 )	=	Total Stockholders Equity	/	Total Assets
	=	168.395	/	175.931
	=

Megalith Financial Acquisition's Equity to Asset Ratio for the quarter that ended in Sep. 2020 is calculated as

Equity to Asset (Q: Sep. 2020 )	=	Total Stockholders Equity	/	Total Assets
	=	25.511	/	33.264
	=

Megalith Financial Acquisition (AMEX:MFAC.U) 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%.

Megalith Financial Acquisition Equity-to-Asset Related Terms

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

Megalith Financial Acquisition (Megalith Financial Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Megalith Financial Acquisition Corp (AMEX:MFAC.U) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

535 5th Avenue, 29th Floor, New York, NY, USA, 10017

Website

https://www.megalithfinancial.com

Megalith Financial Acquisition Corp is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Glazer Capital, Llc	10 percent owner	250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer	10 percent owner	250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019
Israel A Englander	other: May be deemed a group member.	C/O MILLENNIUM MANAGEMENT LLC, 399 PARK AVENUE, NEW YORK NY 10022
Millennium Management Llc	other: May be deemed a group member.	399 PARK AVENUE, NEW YORK NY 10022
Integrated Core Strategies (us) Llc	10 percent owner	C/O MILLENNIUM MANAGEMENT LLC, 399 PARK AVENUE, NEW YORK NY 10022
Millennium Group Management Llc	other: May be deemed a group member.	C/O MILLENNIUM MANAGEMENT LLC, 399 PARK AVENUE, NEW YORK NY 10022
Bhanu Choudhrie	director, 10 percent owner	4655 SALISBURY ROAD, SUITE 110, JACKSONVILLE FL 32256
Jay S Sidhu	director, 10 percent owner	4655 SALISBURY ROAD, SUITE 110, JACKSONVILLE FL 32256
Mfa Investor Holdings Llc	10 percent owner	ONE GRAND CENTRAL PLACE, 60 EAST 42ND STREET SUITE 3110, NEW YORK NY 10165
Eric Alan Frank	director	23 WASHINGTON AVENUE, IRVINGTON NY 10533
Samvir S. Sidhu	director, officer: Chief Executive Officer	1345 AVENUE OF THE AMERICAS 11TH FL, NEW YORK NY 10105
Rajeev V Date	director	3465 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Andrew J. Dunklau	officer: President and Secretary	1345 AVENUE OF THE AMERICAS 11TH FL, NEW YORK NY 10105
Philip Watkins	officer: Chief Financial Officer	1345 AVENUE OF THE AMERICAS 11TH FL, NEW YORK NY 10105
Kuldeep Malkani	director	1345 AVENUE OF THE AMERICAS 11TH FL, NEW YORK NY 10105