Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Ameriprise Financial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $4,729 Mil. Ameriprise Financial's Total Assets for the quarter that ended in Dec. 2023 was $175,191 Mil.
Therefore, Ameriprise Financial's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.03.
The historical rank and industry rank for Ameriprise Financial's Equity-to-Asset or its related term are showing as below:
AMP'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 0.06
Current: 0.03
During the past 13 years, the highest Equity to Asset Ratio of Ameriprise Financial was 0.06. The lowest was 0.02. And the median was 0.04.
AMP's Equity-to-Asset is ranked worse than 97.57% of 1727
companies
in the Asset Management industry
Industry Median: 0.83
vs AMP: 0.03
Ameriprise Financial Equity-to-Asset Historical Data
The historical data trend for Ameriprise 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.
For the Asset Management subindustry, Ameriprise 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.
Ameriprise Financial Equity-to-Asset Distribution
For the Asset Management industry and Financial Services sector, Ameriprise Financial's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Ameriprise Financial's Equity-to-Asset falls into.
Ameriprise 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.
Ameriprise 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%.
Ameriprise Financial Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Ameriprise Financial's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Ameriprise Financial (Ameriprise Financial) Business Description
Ameriprise Financial has emerged is a major player in the U.S. market for asset and wealth management, with around $1.3 trillion in total assets under management and advisement at the end of the second quarter of 2023. Ameriprise has one of the largest branded advisor networks in the industry, and about 80% of the company's revenue comes from its asset and wealth management segments. Ameriprise has reduced its exposure to insurance with the sale of its auto and home insurance business in 2019 and discontinuing the sale of its proprietary fixed annuities in 2020. Around 90% of the company's pretax earnings are from the United States.
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