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First Asset CanBanc Split (TSX:CBU.PR.A.PFD) Equity-to-Asset : 0.76 (As of Jun. 2015)


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What is First Asset CanBanc Split Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. First Asset CanBanc Split's Total Stockholders Equity for the quarter that ended in Jun. 2015 was C$11.78 Mil. First Asset CanBanc Split's Total Assets for the quarter that ended in Jun. 2015 was C$15.42 Mil. Therefore, First Asset CanBanc Split's Equity to Asset Ratio for the quarter that ended in Jun. 2015 was 0.76.

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

TSX:CBU.PR.A.PFD' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.7   Med: 0.72   Max: 0.78
Current: 0.76

During the past 6 years, the highest Equity to Asset Ratio of First Asset CanBanc Split was 0.78. The lowest was 0.70. And the median was 0.72.

TSX:CBU.PR.A.PFD's Equity-to-Asset is not ranked
in the Asset Management industry.
Industry Median: 0.83 vs TSX:CBU.PR.A.PFD: 0.76

First Asset CanBanc Split Equity-to-Asset Historical Data

The historical data trend for First Asset CanBanc Split'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 Asset CanBanc Split Equity-to-Asset Chart

First Asset CanBanc Split Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Equity-to-Asset
Get a 7-Day Free Trial 0.72 0.71 0.72 0.76 0.78

First Asset CanBanc Split Semi-Annual Data
Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.72 0.76 0.78 0.78 0.76

Competitive Comparison of First Asset CanBanc Split's Equity-to-Asset

For the Asset Management subindustry, First Asset CanBanc Split'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 Asset CanBanc Split's Equity-to-Asset Distribution in the Asset Management Industry

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

* The bar in red indicates where First Asset CanBanc Split's Equity-to-Asset falls into.


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First Asset CanBanc Split 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 Asset CanBanc Split's Equity to Asset Ratio for the fiscal year that ended in Dec. 2014 is calculated as

Equity to Asset (A: Dec. 2014 )=Total Stockholders Equity/Total Assets
=12.961/16.677
=0.78

First Asset CanBanc Split's Equity to Asset Ratio for the quarter that ended in Jun. 2015 is calculated as

Equity to Asset (Q: Jun. 2015 )=Total Stockholders Equity/Total Assets
=11.784/15.42
=0.76

* 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 Asset CanBanc Split  (TSX:CBU.PR.A.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%.


First Asset CanBanc Split Equity-to-Asset Related Terms

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


First Asset CanBanc Split Business Description

Traded in Other Exchanges
N/A
Address
First Asset CanBanc Split Corp was incorporated under the laws of the Province of Ontario on September 5, 2008, is a mutual fund corporation whose investment portfolio consists of common shares of the six largest Canadian banks. The Fund's objectives in managing its capital with respect to the preferred shares are to provide preferred shareholders with fixed cumulative preferential quarterly cash distributions in the amount of $0.1625 per preferred share and to return the original issue price to preferred shareholders at the time of redemption of such shares on or about January 15, 2016. The Fund's objectives in managing its capital with respect to the Class A shares are to provide Class A shareholders with the opportunity to participate in the performance of the Fund's portfolio on a leveraged basis and to benefit from any increase in the dividends from the securities in the Fund's portfolio.

First Asset CanBanc Split Headlines

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