Equity to Asset ratio is calculated as total stockholders equity divided by total asset. India Fund's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $549.00 Mil. India Fund's Total Assets for the quarter that ended in Dec. 2023 was $581.20 Mil.
Therefore, India Fund's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.95.
The historical rank and industry rank for India Fund's Equity-to-Asset or its related term are showing as below:
IFN'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.9 Med: 0.92 Max: 0.96
Current: 0.95
During the past 7 years, the highest Equity to Asset Ratio of India Fund was 0.96. The lowest was 0.90. And the median was 0.92.
IFN's Equity-to-Asset is ranked better than 71.73% of 1726
companies
in the Asset Management industry
Industry Median: 0.83
vs IFN: 0.95
India Fund Equity-to-Asset Historical Data
The historical data trend for India Fund'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.
India Fund Annual Data
Trend
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Equity-to-Asset
0.96
0.96
0.90
0.92
0.95
India Fund Semi-Annual Data
Dec17
Jun18
Dec18
Jun19
Dec19
Jun20
Dec20
Jun21
Dec21
Jun22
Dec22
Jun23
Dec23
Equity-to-Asset
0.90
0.97
0.92
0.97
0.95
Competitive Comparison
For the Asset Management subindustry, India Fund'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.
India Fund Equity-to-Asset Distribution
For the Asset Management industry and Financial Services sector, India Fund's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where India Fund's Equity-to-Asset falls into.
India Fund 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.
India Fund'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.
India Fund (NYSE:IFN) 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%.
India Fund Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of India Fund's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
India Fund Inc is an asset management company. The fund's investment objective is long-term capital appreciation, which it seeks to achieve by investing primarily in the equity securities of Indian companies. The company's portfolio is non-diversified closed-end management investment company across various sectors such as financials, consumer staples, information technology, materials, healthcare, consumer discretionary, industrials, telecommunication services, utilities and others. Geographically, all the business activity functions through the market of United States.
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