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Source Capital (Source Capital) Equity-to-Asset : 0.99 (As of Dec. 2023)


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What is Source Capital Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Source Capital's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $360.41 Mil. Source Capital's Total Assets for the quarter that ended in Dec. 2023 was $362.97 Mil. Therefore, Source Capital's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.99.

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

SOR' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.98   Med: 0.99   Max: 1
Current: 0.99

During the past 7 years, the highest Equity to Asset Ratio of Source Capital was 1.00. The lowest was 0.98. And the median was 0.99.

SOR's Equity-to-Asset is ranked better than
90.04% of 1727 companies
in the Asset Management industry
Industry Median: 0.83 vs SOR: 0.99

Source Capital Equity-to-Asset Historical Data

The historical data trend for Source Capital'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.

Source Capital Equity-to-Asset Chart

Source Capital Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial 0.98 0.98 0.98 0.99 0.99

Source Capital Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.98 0.99 0.99 0.98 0.99

Competitive Comparison of Source Capital's Equity-to-Asset

For the Asset Management subindustry, Source Capital'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.


Source Capital's Equity-to-Asset Distribution in the Asset Management Industry

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

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



Source Capital 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.

Source Capital'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
=360.414/362.967
=0.99

Source Capital'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
=360.414/362.967
=0.99

* 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.


Source Capital  (NYSE:SOR) 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%.


Source Capital Equity-to-Asset Related Terms

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


Source Capital (Source Capital) Business Description

Traded in Other Exchanges
N/A
Address
11601 Wilshire Boulevard, Suite 1200, Los Angeles, CA, USA, 90025
Source Capital Inc is a diversified, closed-end management investment company. The investment objective of the company is to seek maximum total return for Common shareholders from both capital appreciation and investment income to the extent consistent with the protection of invested capital. Its investment portfolio includes a wide range of securities with a primary emphasis on common stock.
Executives
Korey Bauer officer: Vice President 2220 E. ROUTE 66, SUITE 226, GLENDORA CA 91740
Martin Dziura officer: Chief Compliance Officer 309 WOODRIDGE LANE, MEDIA PA 19063
Rita Dam officer: Treasurer 2220 EAST ROUTE 66, SUITE 226, GLENDORA CA 91740
Lyna Phan officer: Assistant Treasurer 2220 EAST ROUTE 66, SUITE 226, GLENDORA CA 91740
Diane J Drake officer: Secretary 2220 E. ROUTE 66, SUITE 226, GLENDORA CA 91740
Max Banhazl officer: Vice President 2220 E. ROUTE 66, SUITE 226, GLENDORA CA 91740
Amy Centurioni officer: Assistant Secretary 2220 E. ROUTE 66, SUITE 226, GLENDORA CA 91740
John Zader director 11601 WISHIRE BOULEVARD, SUITE 1200, LOS ANGELES CA 90025
Maureen A Quill director 11601 WILSHIRE BOULEVARD, SUITE 1200, LOS ANGELES CA 90025
Brian A. Selmo other: Officer of inv co's inv adv 11400 W. OLYMPIC BLVD., STE. 1200, LOS ANGELES CA 90064
Mark L. Lipson director 100 WILSHIRE BOULEVARD, SUITE 1200, SANTA MONICA CA 90401
Ryan A. Leggio other: Officer of inv co's inv adv 11601 WILSHIRE BLVD, SUITE 1200, LOS ANGELES CA 90025
Robert F Goldrich director LEON LEVY FOUNDATION, ONE ROCKEFELLER PLAZA, 20TH FLOOR, NEW YORK NY 10020
Thomas H Atteberry other: partner of inv co's inv adv 11400 W OLYMPIC BLVD, STE 1200, LOS ANGELES CA 90064
Mark Landecker other: Officer of inv co's inv adv 11400 W. OLYMPIC BLVD., STE. 1200, LOS ANGELES CA 90064