Mag Mile Capital (Mag Mile Capital) Equity-to-Asset : 0.15 (As of Dec. 2023)

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What is Mag Mile Capital Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Mag Mile Capital's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $0.12 Mil. Mag Mile Capital's Total Assets for the quarter that ended in Dec. 2023 was $0.78 Mil. Therefore, Mag Mile Capital's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.15.

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

MMCP' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.15 Med: 0.15 Max: 0.15
Current: 0.15

During the past 3 years, the highest Equity to Asset Ratio of Mag Mile Capital was 0.15. The lowest was 0.15. And the median was 0.15.

MMCP's Equity-to-Asset is not ranked
in the Banks industry.
Industry Median: 0.09 vs MMCP: 0.15

Mag Mile Capital Equity-to-Asset Historical Data

The historical data trend for Mag Mile Capital'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.

Mag Mile Capital Equity-to-Asset Chart

Mag Mile Capital Annual Data

Trend

Jul21

Jul22

Dec23

Equity-to-Asset

0.15

Mag Mile Capital Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial					-	-	0.54	0.56	0.15

Competitive Comparison of Mag Mile Capital's Equity-to-Asset

For the Mortgage Finance subindustry, Mag Mile Capital'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.

Mag Mile Capital's Equity-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Mag Mile Capital's Equity-to-Asset distribution charts can be found below:

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

Mag Mile Capital 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.

Mag Mile Capital's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	0.117	/	0.784
	=	0.15

Mag Mile Capital's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	0.117	/	0.784
	=	0.15

Mag Mile Capital (OTCPK:MMCP) 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%.

Mag Mile Capital Equity-to-Asset Related Terms

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Mag Mile Capital (Mag Mile Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mag Mile Capital Inc (OTCPK:MMCP) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

7950 W. Sunset Boulevard, Suite 629, Los Angeles, CA, USA, 90046

Website

https://www.magmilecapital.com

Mag Mile Capital Inc is a full-service commercial real estate mortgage banking firm. Mag Mile Capital is a national platform comprised of capital markets experience in real estate bridge financing, mezzanine, and permanent debt placement and equity arrangements throughout the full capital stack and across all major real estate asset classes, including hotels, multifamily, office, retail, industrial, healthcare, self-storage and special purpose properties, offering access to structured debt and equity advisory solutions and placement for real estate investors, developers, and entrepreneurs, It leverages a wide variety of lending relationships and equity capital connections as a leading national real estate mortgage intermediary.

Mag Mile Capital (Mag Mile Capital) Headlines

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