Equity to Asset ratio is calculated as total stockholders equity divided by total asset. TFS Financial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,866.7 Mil. TFS Financial's Total Assets for the quarter that ended in Dec. 2023 was $17,053.8 Mil.
Therefore, TFS Financial's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.11.
The historical rank and industry rank for TFS Financial's Equity-to-Asset or its related term are showing as below:
TFSL'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.11 Med: 0.12 Max: 0.16
Current: 0.11
During the past 13 years, the highest Equity to Asset Ratio of TFS Financial was 0.16. The lowest was 0.11. And the median was 0.12.
TFSL's Equity-to-Asset is ranked better than 68.37% of 1467
companies
in the Banks industry
Industry Median: 0.09
vs TFSL: 0.11
TFS Financial Equity-to-Asset Historical Data
The historical data trend for TFS Financial'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 TFS Financial's Equity-to-Asset
For the Banks - Regional subindustry, TFS Financial'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.
TFS Financial's Equity-to-Asset Distribution in the Banks Industry
For the Banks industry and Financial Services sector, TFS Financial's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where TFS Financial's Equity-to-Asset falls into.
TFS Financial 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.
TFS Financial's Equity to Asset Ratio for the fiscal year that ended in Sep. 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%.
TFS Financial Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of TFS Financial's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
TFS Financial (TFS Financial) Business Description
TFS Financial Corp is the holding company for the Third Federal Savings and Loan Association of Cleveland. The company's ownership in the savings and loan association is its primary business activity. The association's principal business consists of originating and servicing residential real estate mortgage loans and attracting retail savings deposits. It does so by offering products with competitive rates and yields. The company also operates Third Capital, a wholly owned subsidiary that serves as a holding company or as an investor in vehicles such as private equity funds. Third Capital has interests in lease transactions of commercial buildings, title agencies providing escrow and settlement services, and reinsurance of private mortgage insurance on residential loans.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TFSL has been successfully added to your 