GRX'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.75 Med: 0.85 Max: 1
Current: 0.77
During the past 7 years, the highest Equity to Asset Ratio of Gabelli Healthcare & WellnessRx Trust was 1.00. The lowest was 0.75. And the median was 0.85.
GRX's Equity-to-Asset is ranked worse than 56.32% of 1726
companies
in the Asset Management industry
Industry Median: 0.83
vs GRX: 0.77
Gabelli Healthcare & WellnessRx Trust Equity-to-Asset Historical Data
* 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 Gabelli Healthcare & WellnessRx Trust's Equity-to-Asset
For the Asset Management subindustry, Gabelli Healthcare & WellnessRx 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.
Gabelli Healthcare & WellnessRx Trust's Equity-to-Asset Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Gabelli Healthcare & WellnessRx Trust's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Gabelli Healthcare & WellnessRx Trust's Equity-to-Asset falls into.
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.
* 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.
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%.
Gabelli Healthcare & WellnessRx Trust Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Gabelli Healthcare & WellnessRx Trust's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Gabelli Healthcare & WellnessRx Trust operates as a diversified closed-end management investment company. The investment objective of the fund is the long-term growth of capital. The fund invests at least 80% of its assets in equity securities and income-producing securities of domestic & foreign companies in the healthcare and wellness industries. It invests in various sectors, of which Health Care Providers & Services, Food, Health Care Equipment and Supplies, and Pharmaceuticals account for the majority of the weightage.
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