Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Manx Financial Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £34.94 Mil. Manx Financial Group's Total Assets for the quarter that ended in Dec. 2023 was £480.71 Mil.
Therefore, Manx Financial Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.07.
The historical rank and industry rank for Manx Financial Group's Equity-to-Asset or its related term are showing as below:
LSE:MFX'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.07 Med: 0.09 Max: 0.1
Current: 0.07
During the past 13 years, the highest Equity to Asset Ratio of Manx Financial Group was 0.10. The lowest was 0.07. And the median was 0.09.
LSE:MFX's Equity-to-Asset is ranked worse than 73.06% of 1466
companies
in the Banks industry
Industry Median: 0.09
vs LSE:MFX: 0.07
Manx Financial Group Equity-to-Asset Historical Data
The historical data trend for Manx Financial Group'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.
Competitive Comparison of Manx Financial Group's Equity-to-Asset
For the Banks - Regional subindustry, Manx Financial Group'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.
Manx Financial Group's Equity-to-Asset Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Manx Financial Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Manx Financial Group's Equity-to-Asset falls into.
Manx Financial Group 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.
Manx Financial Group's Equity to Asset Ratio for the fiscal year that ended in Dec. 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.
Manx Financial Group (LSE:MFX) 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%.
Manx Financial Group Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Manx Financial Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Manx Financial Group (LSE:MFX) Business Description
Manx Financial Group PLC is a banking company. The group along with its subsidiaries offers retail and commercial banking services, payment solutions, wealth management, general insurance, and life insurance. It operates in three product orientated segments along with investing activities: Asset and Personal Finance (including provision of HP contracts, finance leases, personal loans, commercial loans, block discounting, vehicle stocking plans and wholesale funding agreements); Edgewater Associates Limited (provision of financial advice); and MFX Limited (provision of foreign currency transaction services). The Group currently operates in one geographic segment comprising of the Isle of Man, UK and Channel Islands and its lending is restricted to individuals and entities in this region.
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