Firm Capital Mortgage Investment (TSX:FC) Equity-to-Asset : 0.68 (As of Dec. 2023)

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What is Firm Capital Mortgage Investment Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Firm Capital Mortgage Investment's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$399.19 Mil. Firm Capital Mortgage Investment's Total Assets for the quarter that ended in Dec. 2023 was C$589.61 Mil. Therefore, Firm Capital Mortgage Investment's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.68.

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

TSX:FC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.51 Med: 0.6 Max: 0.68
Current: 0.68

During the past 13 years, the highest Equity to Asset Ratio of Firm Capital Mortgage Investment was 0.68. The lowest was 0.51. And the median was 0.60.

TSX:FC's Equity-to-Asset is ranked better than
98.98% of 1467 companies
in the Banks industry
Industry Median: 0.09 vs TSX:FC: 0.68

Firm Capital Mortgage Investment Equity-to-Asset Historical Data

The historical data trend for Firm Capital Mortgage Investment'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.

Firm Capital Mortgage Investment Equity-to-Asset Chart

Firm Capital Mortgage Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.65

0.62

0.60

0.61

0.68

Firm Capital Mortgage Investment 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															0.61	0.62	0.66	0.66	0.68

Competitive Comparison of Firm Capital Mortgage Investment's Equity-to-Asset

For the Mortgage Finance subindustry, Firm Capital Mortgage Investment'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.

Firm Capital Mortgage Investment's Equity-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Firm Capital Mortgage Investment's Equity-to-Asset distribution charts can be found below:

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

Firm Capital Mortgage Investment 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.

Firm Capital Mortgage Investment'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
	=	399.19	/	589.607
	=	0.68

Firm Capital Mortgage Investment'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
	=	399.19	/	589.607
	=	0.68

Firm Capital Mortgage Investment (TSX:FC) 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%.

Firm Capital Mortgage Investment Equity-to-Asset Related Terms

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

Firm Capital Mortgage Investment (TSX:FC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Firm Capital Mortgage Investment Corp (TSX:FC) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

FCMGF:USA 74X:Germany

Address

163 Cartwright Avenue, Toronto, ON, CAN, M6A 1V5

Website

https://www.firmcapital.com

Firm Capital Mortgage Investment Corp is a Canadian financial provider. It acts as a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine, and equity investments. The company provides construction, equity and conventional real estate finance for include residential houses, small multi-family residential properties, mixed-use residential and others to the builder, developer, and real estate owner marketplace along with a high level of personal service to real estate investors. Also, it provides loan servicing, asset management, and related investment services. The company's revenue mainly comprises Interest and fee income and commission fees arising from Canada and United States.