Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Special Opportunities Fund's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $213.86 Mil. Special Opportunities Fund's Total Assets for the quarter that ended in Dec. 2023 was $215.66 Mil.
Therefore, Special Opportunities Fund's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.99.
The historical rank and industry rank for Special Opportunities Fund's Equity-to-Asset or its related term are showing as below:
SPEpB.PFD'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.99 Med: 0.99 Max: 1
Current: 0.99
During the past 7 years, the highest Equity to Asset Ratio of Special Opportunities Fund was 1.00. The lowest was 0.99. And the median was 0.99.
SPEpB.PFD's Equity-to-Asset is ranked better than 90.04% of 1727
companies
in the Asset Management industry
Industry Median: 0.83
vs SPEpB.PFD: 0.99
Special Opportunities Fund Equity-to-Asset Historical Data
The historical data trend for Special Opportunities 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.
For the Asset Management subindustry, Special Opportunities 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.
Special Opportunities Fund Equity-to-Asset Distribution
For the Asset Management industry and Financial Services sector, Special Opportunities Fund's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Special Opportunities Fund's Equity-to-Asset falls into.
Special Opportunities 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.
Special Opportunities Fund's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 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.
Special Opportunities Fund (NYSE:SPEpB.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%.
Special Opportunities Fund Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Special Opportunities Fund's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Special Opportunities Fund (Special Opportunities Fund) Business Description
Special Opportunities Fund Inc is the United States based closed-end diversified management investment company. Its investment objective is to have the total return. The company's investment portfolio consists of investment companies, common stocks, money market funds, commodity partnerships, preferred stocks, convertible bonds, liquidating trusts, promissory notes, senior unsecured notes, warrants, rights, corporate notes and corporate bonds. In addition, it also makes investments in construction materials, consumer finance, healthcare equipment and supplies, independent power and renewable electricity producers, insurance, personal products, professional services and real estate investment trusts.
Special Opportunities Fund (Special Opportunities Fund) Headlines
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