Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Blackstone Long-Short Creditome Fund's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $166.92 Mil. Blackstone Long-Short Creditome Fund's Total Assets for the quarter that ended in Dec. 2023 was $258.36 Mil.
Therefore, Blackstone Long-Short Creditome Fund's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.65.
The historical rank and industry rank for Blackstone Long-Short Creditome Fund's Equity-to-Asset or its related term are showing as below:
BGX'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.53 Med: 0.58 Max: 0.65
Current: 0.65
During the past 7 years, the highest Equity to Asset Ratio of Blackstone Long-Short Creditome Fund was 0.65. The lowest was 0.53. And the median was 0.58.
BGX's Equity-to-Asset is ranked worse than 68.67% of 1727
companies
in the Asset Management industry
Industry Median: 0.83
vs BGX: 0.65
Blackstone Long-Short Creditome Fund Equity-to-Asset Historical Data
The historical data trend for Blackstone Long-Short Creditome 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.
For the Asset Management subindustry, Blackstone Long-Short Creditome 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.
Blackstone Long-Short Creditome Fund Equity-to-Asset Distribution
For the Asset Management industry and Financial Services sector, Blackstone Long-Short Creditome Fund's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Blackstone Long-Short Creditome Fund's Equity-to-Asset falls into.
Blackstone Long-Short Creditome 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.
Blackstone Long-Short Creditome 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.
Blackstone Long-Short Creditome Fund (NYSE:BGX) 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%.
Blackstone Long-Short Creditome Fund Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Blackstone Long-Short Creditome Fund's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Blackstone Long-Short Creditome Fund (Blackstone Long-Short Creditome Fund) Business Description
Blackstone Long-Short Credit Income Fund is a diversified, closed-end management investment company. The fund's primary investment objective is to provide current income, with a secondary objective of capital appreciation. It seeks to achieve its investment objectives by employing a dynamic long-short strategy in a diversified portfolio of loans and fixed-income instruments of predominantly U.S. corporate issuers, including first- and second-lien secured loans (Secured Loans) and high yield corporate bonds of varying maturities.
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