Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Western Asset Global High Fd's Total Stockholders Equity for the quarter that ended in Nov. 2021 was $230.38 Mil. Western Asset Global High Fd's Total Assets for the quarter that ended in Nov. 2021 was $340.29 Mil.
Therefore, Western Asset Global High Fd's Equity to Asset Ratio for the quarter that ended in Nov. 2021 was 0.68.
The historical rank and industry rank for Western Asset Global High Fd's Equity-to-Asset or its related term are showing as below:
EHI'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.68 Med: 0.68 Max: 0.73
Current: 0.68
During the past 4 years, the highest Equity to Asset Ratio of Western Asset Global High Fd was 0.73. The lowest was 0.68. And the median was 0.68.
EHI's Equity-to-Asset is ranked worse than 66.38% of 1722
companies
in the Asset Management industry
Industry Median: 0.83
vs EHI: 0.68
Western Asset Global High Fd Equity-to-Asset Historical Data
The historical data trend for Western Asset Global High Fd'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.
Western Asset Global High Fd Annual Data
Trend
May18
May19
May20
May21
Equity-to-Asset
0.70
0.69
0.68
0.68
Western Asset Global High Fd Semi-Annual Data
Nov17
May18
Nov18
May19
Nov19
May20
Nov20
May21
Nov21
Equity-to-Asset
0.68
0.68
0.68
0.68
0.68
Competitive Comparison
For the Asset Management subindustry, Western Asset Global High Fd'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.
Western Asset Global High Fd Equity-to-Asset Distribution
For the Asset Management industry and Financial Services sector, Western Asset Global High Fd's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Western Asset Global High Fd's Equity-to-Asset falls into.
Western Asset Global High Fd 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.
Western Asset Global High Fd's Equity to Asset Ratio for the fiscal year that ended in May. 2021 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.
Western Asset Global High Fd (NYSE:EHI) 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%.
Western Asset Global High Fd Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Western Asset Global High Fd's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Western Asset Global High Inc Fd Inc is a non-diversified, closed-end management investment company. Its investment objective is high current income and total return by investing in a global portfolio of securities. The fund invests in various sectors such as Consumer Discretionary, Energy, Healthcare, Industrials, materials, and others.
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