Vedant Asset (BOM:543623) Equity-to-Asset : 0.95 (As of Sep. 2023)

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What is Vedant Asset Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Vedant Asset's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹53.02 Mil. Vedant Asset's Total Assets for the quarter that ended in Sep. 2023 was ₹55.56 Mil. Therefore, Vedant Asset's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.95.

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

BOM:543623' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.07 Med: 0.9 Max: 0.95
Current: 0.95

During the past 4 years, the highest Equity to Asset Ratio of Vedant Asset was 0.95. The lowest was 0.07. And the median was 0.90.

BOM:543623's Equity-to-Asset is ranked better than
71.76% of 1728 companies
in the Asset Management industry
Industry Median: 0.83 vs BOM:543623: 0.95

Vedant Asset Equity-to-Asset Historical Data

The historical data trend for Vedant Asset'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.

Vedant Asset Equity-to-Asset Chart

Vedant Asset Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

0.07

0.90

0.89

0.95

Vedant Asset Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial			0.90	0.89	-	0.95	0.95

Competitive Comparison of Vedant Asset's Equity-to-Asset

For the Asset Management subindustry, Vedant Asset'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.

Vedant Asset's Equity-to-Asset Distribution in the Asset Management Industry

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

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

Vedant Asset 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.

Vedant Asset's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	51.804	/	54.275
	=	0.95

Vedant Asset's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	53.023	/	55.556
	=	0.95

Vedant Asset (BOM:543623) 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%.

Vedant Asset Equity-to-Asset Related Terms

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

Vedant Asset (BOM:543623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Vedant Asset Ltd (BOM:543623) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 rd Floor, Gayways House, Pee Pee Compound, Ranchi, JH, IND, 834001

Website

https://www.vedantasset.com

Vedant Asset Ltd is engaged in a Financial Investment Super Market for private and rural investors. The core business is to earn revenue from brokerage and commission by managing funds of investors with various mutual fund houses and providing Banking Correspondence Services in association with various banks.

Vedant Asset (BOM:543623) Headlines

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