Future Generation Global Investment Co (ASX:FGG) Equity-to-Asset : 0.96 (As of Dec. 2023)

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What is Future Generation Global Investment Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Future Generation Global Investment Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$546.35 Mil. Future Generation Global Investment Co's Total Assets for the quarter that ended in Dec. 2023 was A$572.31 Mil. Therefore, Future Generation Global Investment Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.96.

The historical rank and industry rank for Future Generation Global Investment Co's Equity-to-Asset or its related term are showing as below:

ASX:FGG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.91 Med: 0.96 Max: 0.99
Current: 0.96

During the past 7 years, the highest Equity to Asset Ratio of Future Generation Global Investment Co was 0.99. The lowest was 0.91. And the median was 0.96.

ASX:FGG's Equity-to-Asset is ranked better than
74.26% of 1729 companies
in the Asset Management industry
Industry Median: 0.83 vs ASX:FGG: 0.96

Future Generation Global Investment Co Equity-to-Asset Historical Data

The historical data trend for Future Generation Global Investment Co'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.

Future Generation Global Investment Co Equity-to-Asset Chart

Future Generation Global Investment Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.94

0.92

0.91

0.99

0.96

Future Generation Global Investment Co Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial										0.91	0.96	0.99	0.95	0.96

Competitive Comparison of Future Generation Global Investment Co's Equity-to-Asset

For the Asset Management subindustry, Future Generation Global Investment Co'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.

Future Generation Global Investment Co's Equity-to-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Future Generation Global Investment Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Future Generation Global Investment Co's Equity-to-Asset falls into.

Future Generation Global Investment Co 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.

Future Generation Global Investment Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	546.346	/	572.305
	=	0.95

Future Generation Global Investment Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	546.346	/	572.305
	=	0.95

Future Generation Global Investment Co (ASX:FGG) 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%.

Future Generation Global Investment Co Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Future Generation Global Investment Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Future Generation Global Investment Co (ASX:FGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Future Generation Global Investment Co Ltd (ASX:FGG) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Farrer Place, Level 26, Governor Phillip Tower, Sydney, NSW, AUS, 2000

Website

https://www.futuregeninvest.com.au

Future Generation Global Investment Co Ltd provides diversified exposure to global equities while also helping to improve the lives of young Australians affected by mental health issues. The company has one reporting segment. It is engaged primarily in investing in unlisted unit trusts and deriving income from cash and cash equivalents.

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