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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Logan Ridge Finance's annualized net income for the quarter that ended in Dec. 2023 was $-12.48 Mil. Logan Ridge Finance's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $91.19 Mil. Therefore, Logan Ridge Finance's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -13.69%.
The historical rank and industry rank for Logan Ridge Finance's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Logan Ridge Finance's highest Return-on-Tangible-Equity was 5.44%. The lowest was -27.58%. And the median was -2.83%.
The historical data trend for Logan Ridge Finance's Return-on-Tangible-Equity 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.
Logan Ridge Finance Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | -16.32 | -27.58 | -1.78 | -11.90 | -2.70 |
Logan Ridge Finance Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | -13.13 | -2.75 | 13.64 | -8.24 | -13.69 |
For the Asset Management subindustry, Logan Ridge Finance's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
For the Asset Management industry and Financial Services sector, Logan Ridge Finance's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Logan Ridge Finance's Return-on-Tangible-Equity falls into.
Logan Ridge Finance's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | -2.482 | / | ( (95.005 | + | 89.175 ) | / 2 ) | |
= | -2.482 | / | 92.09 | ||||
= | -2.70 % |
Logan Ridge Finance's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | -12.484 | / | ( (93.208 | + | 89.175) | / 2 ) | |
= | -12.484 | / | 91.1915 | ||||
= | -13.69 % |
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Logan Ridge Finance (NAS:LRFC) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Thank you for viewing the detailed overview of Logan Ridge Finance's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Jennifer Kwon Chou | director | C/O THE GORES GROUP, 9800 WILSHIRE BOULEVARD, BEVERLY HILLS CA 90212 |
Patrick Schafer | officer: Chief Investment Officer | 650 MADISON AVENUE, NEW YORK NY 10022 |
Brandon Satoren | officer: See Remarks | 650 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10022 |
Edward J. Goldthorpe | director, officer: CEO and President | 650 MADISON AVENUE, NEW YORK NY 10022 |
Jason T Roos | officer: CFO, Treasurer and Secretary | 23 SPRINGHURST ROAD, BEDFORD HILLS NY 10507 |
David Held | officer: Chief Compliance Officer | 650 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10022 |
George Grunebaum | director | C/O ASHMORE INVESTMENT MANAGEMENT LTD., 61 ALDWYCH, LONDON X0 WC2B 4AE |
Alexander Duka | director | 650 MADISON AVENUE, NEW YORK NY 10022 |
Robert Herman Warshauer | director | 8 GOLDEN POND ROAD, WEST HARRISON NY 10604 |
Larry W. Carroll | director | C/O PARK STERLING BANK, 1043 EAST MOREHEAD STREET, SUITE 201, CHARLOTTE NC 28204 |
Alala Joseph B Iii | director, officer: See Remarks | C/O CAPITALA FINANCE CORP., 4201 CONGRESS STREET, SUITE 360, CHARLOTTE NC 28209 |
Richard Wheelahan | officer: Chief Compliance Officer | C/O CAPITALA FINANCE CORP., 4201 CONGRESS STREET, SUITE 360, CHARLOTTE NC 28209 |
Kevin A. Koonts | officer: Chief Accounting Officer | 4201 CONGRESS STREET, SUITE 360, CHARLOTTE NC 28209 |
Stephen A. Arnall | officer: Chief Financial Officer | C/O PARK STERLING BANK, 1043 EAST MOREHEAD STREET, SUITE 201, CHARLOTTE NC 28204 |
Markham Hunt Broyhill | director | 800 HICKORY BLVD. SW, LENOIR NC 28645 |
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