Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Performant Financial's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $77.6 Mil. Performant Financial's Total Assets for the quarter that ended in Mar. 2024 was $99.2 Mil.
Therefore, Performant Financial's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.78.
The historical rank and industry rank for Performant Financial's Equity-to-Asset or its related term are showing as below:
PFMT'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.3 Med: 0.47 Max: 0.82
Current: 0.78
During the past 13 years, the highest Equity to Asset Ratio of Performant Financial was 0.82. The lowest was 0.30. And the median was 0.47.
PFMT's Equity-to-Asset is ranked better than 85.52% of 1091
companies
in the Business Services industry
Industry Median: 0.49
vs PFMT: 0.78
Performant Financial Equity-to-Asset Historical Data
The historical data trend for Performant Financial'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 Performant Financial's Equity-to-Asset
For the Specialty Business Services subindustry, Performant Financial'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.
Performant Financial's Equity-to-Asset Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Performant Financial's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Performant Financial's Equity-to-Asset falls into.
Performant Financial 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.
Performant Financial'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.
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%.
Performant Financial Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Performant Financial's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Performant Financial (Performant Financial) Business Description
Performant Financial Corp provides technology-enabled recovery and related analytics services in the United States. The company provides its services on an outsourced basis where it handles many or all aspects of its clients' recovery processes. It uses technology-enabled services platform to provide recovery and analytics services in a range of markets for the identification and recovery of student loans, improper healthcare payments and delinquent state tax and federal treasury receivables. The services are primarily offered across a broad range of government and private clients in several markets. The revenue generated here is generally on success-based as it earns fees based on a percentage of the aggregate amount of funds that it enables the clients to recover.
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