Hipgnosis Songs Fund (LSE:SONG) Equity-to-Asset : 0.65 (As of Sep. 2023)

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What is Hipgnosis Songs Fund Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Hipgnosis Songs Fund's Total Stockholders Equity for the quarter that ended in Sep. 2023 was £1,075.88 Mil. Hipgnosis Songs Fund's Total Assets for the quarter that ended in Sep. 2023 was £1,656.15 Mil. Therefore, Hipgnosis Songs Fund's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.65.

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

LSE:SONG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.58 Med: 0.7 Max: 0.95
Current: 0.65

During the past 5 years, the highest Equity to Asset Ratio of Hipgnosis Songs Fund was 0.95. The lowest was 0.58. And the median was 0.70.

LSE:SONG's Equity-to-Asset is ranked better than
69.09% of 1061 companies
in the Media - Diversified industry
Industry Median: 0.51 vs LSE:SONG: 0.65

Hipgnosis Songs Fund Equity-to-Asset Historical Data

The historical data trend for Hipgnosis Songs Fund'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.

Hipgnosis Songs Fund Equity-to-Asset Chart

Hipgnosis Songs Fund Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

0.84

0.87

0.70

0.72

0.68

Hipgnosis Songs Fund Semi-Annual Data
	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial				0.72	0.72	0.70	0.68	0.65

Competitive Comparison of Hipgnosis Songs Fund's Equity-to-Asset

For the Entertainment subindustry, Hipgnosis Songs Fund'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.

Hipgnosis Songs Fund's Equity-to-Asset Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Hipgnosis Songs Fund's Equity-to-Asset distribution charts can be found below:

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

Hipgnosis Songs Fund 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.

Hipgnosis Songs Fund'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
	=	1182.056	/	1745.665
	=	0.68

Hipgnosis Songs Fund'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
	=	1075.875	/	1656.151
	=	0.65

Hipgnosis Songs Fund (LSE:SONG) 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%.

Hipgnosis Songs Fund Equity-to-Asset Related Terms

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

Hipgnosis Songs Fund (LSE:SONG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hipgnosis Songs Fund Ltd (LSE:SONG) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Trafalgar Court, Les Banques, P.O. Box 286, Floor 2, Saint Peter Port, GGY, GY1 4LY

Website

https://www.hipgnosissongs.com

Hipgnosis Songs Fund Ltd is an investment company. The company's investment objective is to provide shareholders with an attractive and growing level of income, together with the potential for capital growth. It offers to play exposure to songs and associated musical intellectual property rights. Hipgnosis Songs Fund serves customers globally.