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First Trust Energy Infrastructure Fund (First Trust Energy Infrastructure Fund) Equity-to-Asset

: 0.77 (As of Nov. 2023)
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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. First Trust Energy Infrastructure Fund's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $275.23 Mil. First Trust Energy Infrastructure Fund's Total Assets for the quarter that ended in Nov. 2023 was $356.63 Mil. Therefore, First Trust Energy Infrastructure Fund's Equity to Asset Ratio for the quarter that ended in Nov. 2023 was 0.77.

The historical rank and industry rank for First Trust Energy Infrastructure Fund's Equity-to-Asset or its related term are showing as below:

FIF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.73   Med: 0.77   Max: 0.79
Current: 0.77

During the past 7 years, the highest Equity to Asset Ratio of First Trust Energy Infrastructure Fund was 0.79. The lowest was 0.73. And the median was 0.77.

FIF's Equity-to-Asset is ranked worse than
56.43% of 1726 companies
in the Asset Management industry
Industry Median: 0.83 vs FIF: 0.77

First Trust Energy Infrastructure Fund Equity-to-Asset Historical Data

The historical data trend for First Trust Energy Infrastructure 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.

First Trust Energy Infrastructure Fund Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Equity-to-Asset
Premium Member Only Premium Member Only 0.73 0.78 0.79 0.79 0.77

First Trust Energy Infrastructure Fund Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
Equity-to-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.79 0.81 0.79 0.78 0.77

Competitive Comparison

For the Asset Management subindustry, First Trust Energy Infrastructure 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.


First Trust Energy Infrastructure Fund Equity-to-Asset Distribution

For the Asset Management industry and Financial Services sector, First Trust Energy Infrastructure Fund's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where First Trust Energy Infrastructure Fund's Equity-to-Asset falls into.



First Trust Energy Infrastructure 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.

First Trust Energy Infrastructure Fund's Equity to Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Equity to Asset (A: Nov. 2023 )=Total Stockholders Equity/Total Assets
=275.227/356.628
=0.77

First Trust Energy Infrastructure Fund's Equity to Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

Equity to Asset (Q: Nov. 2023 )=Total Stockholders Equity/Total Assets
=275.227/356.628
=0.77

* 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.


First Trust Energy Infrastructure Fund  (NYSE:FIF) 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%.


First Trust Energy Infrastructure Fund Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of First Trust Energy Infrastructure Fund's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


First Trust Energy Infrastructure Fund (First Trust Energy Infrastructure Fund) Business Description

Traded in Other Exchanges
N/A
Address
120 East Liberty Drive, Suite 400, Wheaton, IL, USA, 60187
First Trust Energy Infrastructure Fund is a closed-end management investment company. The fund's investment objective is to seek a high level of total return with an emphasis on current distributions paid to shareholders. It seeks to invest in stocks of companies operating in the energy infrastructure sector, including pipeline companies, utilities, and other companies that derive maximum of their revenues from operating or providing services in support of infrastructure assets such as pipelines, power transmission, and petroleum and natural gas storage in the petroleum, natural gas, and power generation industries. Geographically, all the operations function through the United States of America.
Executives
Bronwyn Wright director FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
M Keefe Denise director C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Kelly Catherine Dehler other: Officer - Investment Advisor C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Scott Michael Friske other: Officer-Investment Advisor FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
James Murchie other: Officer-Investment Sub-Advisor ENERGY INCOME PARTNERS, LLC, 49 RIVERSIDE AVENUE, WESTPORT CT 06880
John K Tysseland other: Officer-Investment Sub-Advisor ENERGY INCOME PARTNERS, LLC, 49 RIVERSIDE AVE., WESTPORT CT 06880
Nandita Hogan other: Officer-Investment Sub-Advisor ENERGY INCOME PARTNERS, LLC, 49 RIVERSIDE AVENUE, WESTPORT CT 06880
Shane Shannon officer: Assistant Secretary FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Lisa Iantorno other: Officer-Investment Sub-Advisor ENERGY INCOME PARTNERS, 49 RIVERSIDE AVENUE, WESTPORT CT 06880
Katherine L Urevig officer: Assistant Treasurer C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Donald Swade officer: Assistant Treasurer C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
W Scott Jardine officer: Secretary, other: Officer - Investment Advisor C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
James A Bowen director, officer: President, other: Officer - Investment Advisor C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Eva Pao other: Officer-Investment Sub-Advisor ENERGY INCOME PARTNERS, LLC, 49 RIVERSIDE AVENUE, WESTPORT CT 06880
Andy Roggensack other: Officer - Investment Advisor C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187