Equity to Asset ratio is calculated as total stockholders equity divided by total asset. T. Rowe Price Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$46,573 Mil. T. Rowe Price Group's Total Assets for the quarter that ended in Dec. 2023 was R$60,164 Mil.
Therefore, T. Rowe Price Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.77.
The historical rank and industry rank for T. Rowe Price Group's Equity-to-Asset or its related term are showing as below:
BSP:T1RO34'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.72 Med: 0.77 Max: 0.96
Current: 0.77
During the past 13 years, the highest Equity to Asset Ratio of T. Rowe Price Group was 0.96. The lowest was 0.72. And the median was 0.77.
BSP:T1RO34's Equity-to-Asset is ranked worse than 56.31% of 1728
companies
in the Asset Management industry
Industry Median: 0.83
vs BSP:T1RO34: 0.77
T. Rowe Price Group Equity-to-Asset Historical Data
The historical data trend for T. Rowe Price Group'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.
Competitive Comparison of T. Rowe Price Group's Equity-to-Asset
For the Asset Management subindustry, T. Rowe Price Group'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.
T. Rowe Price Group's Equity-to-Asset Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, T. Rowe Price Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where T. Rowe Price Group's Equity-to-Asset falls into.
T. Rowe Price Group 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.
T. Rowe Price Group's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 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.
T. Rowe Price Group (BSP:T1RO34) 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%.
T. Rowe Price Group Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of T. Rowe Price Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
T. Rowe Price Group (BSP:T1RO34) Business Description
T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load U.S. and international stock, hybrid, bond, and money market funds. At the end of October 2023, the firm had $1.312 trillion in managed assets, composed of equity (51%), balanced (33%), fixed-income and money market (13%), and alternatives (3%) offerings. Approximately two thirds of the company's managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a U.S.-based asset manager, deriving just over 9% of its AUM from overseas.
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