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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Premier Financial's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $974.3 Mil. Premier Financial's Total Assets for the quarter that ended in Mar. 2024 was $8,631.1 Mil. Therefore, Premier Financial's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.11.
The historical rank and industry rank for Premier Financial's Equity-to-Asset or its related term are showing as below:
During the past 13 years, the highest Equity to Asset Ratio of Premier Financial was 0.14. The lowest was 0.11. And the median was 0.13.
The historical data trend for Premier 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.
Premier Financial Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Equity-to-Asset | Get a 7-Day Free Trial | 0.12 | 0.14 | 0.14 | 0.11 | 0.11 |
Premier Financial Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Equity-to-Asset | Get a 7-Day Free Trial | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 |
For the Banks - Regional subindustry, Premier 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.
For the Banks industry and Financial Services sector, Premier Financial's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Premier Financial's Equity-to-Asset falls into.
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.
Premier Financial'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 |
= | 975.627 | / | 8625.949 | |
= | 0.11 |
Premier Financial's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as
Equity to Asset (Q: Mar. 2024 ) | = | Total Stockholders Equity | / | Total Assets |
= | 974.341 | / | 8631.054 | |
= | 0.11 |
* 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.
Premier Financial (NAS:PFC) 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%.
Thank you for viewing the detailed overview of Premier Financial's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Rose Dennis E Jr | officer: EVP, First Federal Bank | 601 CLINTON STREET, DEFIANCE OH 43512 |
Donald P. Hileman | officer: Executive Vice President, CFO | 601 CLINTON STREET, DEFIANCE OH 43512 |
Rick L. Hull | officer: EVP Head of Commercial Banking | 44 AUBURN AVENUE SE, NORTH CANTON OH 44720 |
John Michael Houpt | officer: EVP, Chief Credit Officer | 601 CLINTON STREET, DEFIANCE OH 43512 |
Louis Michael Altman | director | 1111 EASTWOOD STREET NE, CANTON OH 44714 |
Craig Sciara | officer: EVP, Chief Credit Officer | 601 CLINTON STREET, DEFIANCE OH 43512 |
Terri A Bettinger | director | 601 CLINTON STREET, DEFIANCE OH 43512 |
Richard J Schiraldi | director | 275 FEDERAL PLAZA WEST, YOUNGSTOWN OH 44503 |
Jason Gendics | officer: See Remarks | 275 WEST FEDERAL STREET, YOUNGSTOWN OH 44503-1203 |
Nikki Robinson Lanier | director | 601 CLINTON STREET, DEFIANCE OH 43512 |
Samuel S Strausbaugh | director | 601 CLINTON ST., DEFIANCE OH 43512 |
Varun Chandhok | officer: EVP, Chief Information Officer | 601 CLINTON STREET, DEFIANCE OH 43512 |
Tina Nutter | officer: EVP, Chief Risk Officer | 601 CLINTON STREET, DEFIANCE OH 43512 |
Shannon M Kuhl | officer: EVP, Chief Legal Officer | 255 E FIFTH STREET, SUITE 2900, CINCINNATI OH 45202 |
Jude J. Nohra | officer: See Remarks | 275 FEDERAL PLAZA WEST, YOUNGSTOWN OH 44503 |
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