Gabelli Equity Trust (Gabelli Equity Trust) Equity-to-Asset

: 0.94 (As of Dec. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Gabelli Equity Trust's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,918.08 Mil. Gabelli Equity Trust's Total Assets for the quarter that ended in Dec. 2023 was $2,046.31 Mil.

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

GABpH.PFD' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.94 Med: 0.98 Max: 1
Current: 0.94

During the past 8 years, the highest Equity to Asset Ratio of Gabelli Equity Trust was 1.00. The lowest was 0.94. And the median was 0.98.

GABpH.PFD's Equity-to-Asset is ranked better than
69.24% of 1726 companies
in the Asset Management industry
Industry Median: 0.83 vs GABpH.PFD: 0.94

Gabelli Equity Trust Equity-to-Asset Historical Data

The historical data trend for Gabelli Equity Trust'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.

Gabelli Equity Trust Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.99

1.00

0.97

0.96

0.94

Gabelli Equity Trust Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset										0.97	0.96	0.96	0.96	0.94

Competitive Comparison

For the Asset Management subindustry, Gabelli Equity Trust'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.

Gabelli Equity Trust Equity-to-Asset Distribution

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

* The bar in red indicates where Gabelli Equity Trust's Equity-to-Asset falls into.

Gabelli Equity Trust 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.

Gabelli Equity Trust's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1918.075	/	2046.312
	=	0.94

Gabelli Equity Trust's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1918.075	/	2046.312
	=

Gabelli Equity Trust (NYSE:GABpH.PFD) 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%.

Gabelli Equity Trust Equity-to-Asset Related Terms

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

Gabelli Equity Trust (Gabelli Equity Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Gabelli Equity Trust Inc (NYSE:GABpH.PFD) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

GABpK.PFD:USA GABpG.PFD:USA GAB:USA

Address

One Corporate Center, Rye, NY, USA, 10580-1422

Website

https://www.gabelli.com

Gabelli Equity Trust Inc is a non-diversified closed-end management investment company. Its primary investment objective is long-term growth of capital with income as a secondary objective. The Fund invests at least 80% of its assets in equity securities under normal market conditions. Its equity portfolio includes common stock, preferred stock, convertible or exchangeable securities, and warrants and rights to purchase such securities selected by the Investment Adviser. The company invests in various sectors, of which Food & Beverage, Financial Services, Equipment and Supplies, Entertainment, Consumer Products, Health Care, Diversified Industrial, Business Services, and Consumer Services accounts for the majority weightage.