Prime Dividend (TSX:PDV) Equity-to-Asset : 0.30 (As of Nov. 2023)

Prime Dividend Equity-to-Asset Chart

Prime Dividend Annual Data
	Trend	Nov14	Nov15	Nov16	Nov17	Nov18	Nov19	Nov20	Nov21	Nov22	Nov23
Equity-to-Asset		Get a 7-Day Free Trial					0.42	0.35	0.44	0.36	0.30

Prime Dividend Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Equity-to-Asset	Get a 7-Day Free Trial															0.44	0.42	0.36	0.32	0.30

Competitive Comparison of Prime Dividend's Equity-to-Asset

For the Asset Management subindustry, Prime Dividend'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.

Prime Dividend's Equity-to-Asset Distribution in the Asset Management Industry

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

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

Prime Dividend 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.

Prime Dividend's Equity to Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Prime Dividend's Equity to Asset Ratio for the quarter that ended in Nov. 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.

Prime Dividend  (TSX:PDV) 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%.

Prime Dividend Equity-to-Asset Related Terms

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Prime Dividend (TSX:PDV) Business Description