CI Financial (TSX:CIX) Equity-to-Asset : 0.10 (As of Dec. 2023)

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What is CI Financial Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. CI Financial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$1,028 Mil. CI Financial's Total Assets for the quarter that ended in Dec. 2023 was C$9,982 Mil. Therefore, CI Financial's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.10.

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

TSX:CIX' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.1 Med: 0.34 Max: 0.63
Current: 0.1

During the past 13 years, the highest Equity to Asset Ratio of CI Financial was 0.63. The lowest was 0.10. And the median was 0.34.

TSX:CIX's Equity-to-Asset is ranked worse than
95.54% of 1727 companies
in the Asset Management industry
Industry Median: 0.83 vs TSX:CIX: 0.10

CI Financial Equity-to-Asset Historical Data

The historical data trend for CI Financial'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.

CI Financial Equity-to-Asset Chart

CI Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.34

0.25

0.18

0.17

0.10

CI Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.17	0.17	0.14	0.13	0.10

Competitive Comparison of CI Financial's Equity-to-Asset

For the Asset Management subindustry, CI Financial'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.

CI Financial's Equity-to-Asset Distribution in the Asset Management Industry

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

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

CI Financial 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.

CI Financial'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
	=	1027.762	/	9981.603
	=	0.10

CI Financial'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
	=	1027.762	/	9981.603
	=	0.10

CI Financial (TSX:CIX) 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%.

CI Financial Equity-to-Asset Related Terms

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

CI Financial (TSX:CIX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CI Financial Corp (TSX:CIX) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

CIXXF:USA CF7:Germany

Address

15 York Street, 2nd Floor, Legal Department, Toronto, ON, CAN, M5J 0A3

Website

https://www.cifinancial.com

CI Financial is a diversified provider of wealth management products and services, primarily in the Canadian market. The company had CAD 119.0 billion in core assets under management, another CAD 278.5 billion in wealth management assets under advisement, and CAD 23.4 billion in assets under custody at the end of September 2023, making it one of the largest nonbank affiliated asset managers in Canada. The company operates its fund business through CI Global Asset Management, which offers a broad selection of investment funds. On the wealth management side, the company operates through CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth, as well as a large group of acquired U.S.-based advisors, providing financial advice primarily to high-net-worth clients.