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Royce Micro-Cap Trust Inc  (NYSE:RMT) Equity-to-Asset: 0.90 (As of Jun. 2018)

Equity to Asset ratio is calculated as shareholder's tangible equity divided by its total asset. Royce Micro-Cap Trust Inc's Total Stockholders Equity for the quarter that ended in Jun. 2018 was $432.78 Mil. 's Total Assets for the quarter that ended in Jun. 2018 was $480.09 Mil. Therefore, Royce Micro-Cap Trust Inc's Equity to Asset Ratio for the quarter that ended in Jun. 2018 was 0.90.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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Royce Micro-Cap Trust Inc Annual Data

Dec17
Equity-to-Asset 0.90

Royce Micro-Cap Trust Inc Semi-Annual Data

Dec17 Jun18
Equity-to-Asset 0.00 0.90

Competitive Comparison
* 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.


Royce Micro-Cap Trust Inc Distribution

* The bar in red indicates where Royce Micro-Cap Trust Inc's Equity-to-Asset falls into.



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 shareholder's tangible equity divided by its total asset.

Royce Micro-Cap Trust Inc's Equity to Asset Ratio for the fiscal year that ended in Dec. 2017 is calculated as

Equity to Asset (A: Dec. 2017 )=Total Stockholders Equity/Total Assets
=409.905/455.555
=0.90

Royce Micro-Cap Trust Inc's Equity to Asset Ratio for the quarter that ended in Jun. 2018 is calculated as

Equity to Asset (Q: Jun. 2018 )=Total Stockholders Equity/Total Assets
=432.779/480.092
=0.90

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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%.


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