Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Morningstar's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,328 Mil. Morningstar's Total Assets for the quarter that ended in Dec. 2023 was $3,403 Mil.
Therefore, Morningstar's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.39.
The historical rank and industry rank for Morningstar's Equity-to-Asset or its related term are showing as below:
MORN'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.35 Med: 0.51 Max: 0.65
Current: 0.39
During the past 13 years, the highest Equity to Asset Ratio of Morningstar was 0.65. The lowest was 0.35. And the median was 0.51.
MORN's Equity-to-Asset is ranked worse than 57.69% of 806
companies
in the Capital Markets industry
Industry Median: 0.495
vs MORN: 0.39
Morningstar Equity-to-Asset Historical Data
The historical data trend for Morningstar'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.
For the Financial Data & Stock Exchanges subindustry, Morningstar'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.
Morningstar Equity-to-Asset Distribution
For the Capital Markets industry and Financial Services sector, Morningstar's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Morningstar's Equity-to-Asset falls into.
Morningstar 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.
Morningstar'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.
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%.
Morningstar Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Morningstar's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Morningstar Inc is a provider of independent investment research to financial advisers, asset managers, and investors. The company focuses its operations on two core sectors: data and research. It offers data on investments such as mutual funds, stocks, exchange-traded funds, closed-end funds, separate accounts, and variable annuities. Further, the company tracks real-time market data of equity, derivative, and currency exchanges and other investments. In its research operation, Morningstar offers analyst research on passive and active mutual funds, alternative funds, and college saving plans. Morningstar's largest share of revenue is generated in the United States of America.
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