Equus Total Return Closed Fund (EQS) - Net Assets
Based on the latest financial reports, Equus Total Return Closed Fund (EQS) has net assets worth $16.57 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($21.34 Million) and total liabilities ($4.77 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible equity quality of Equus Total Return Closed Fund to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $16.57 Million |
| % of Total Assets | 77.65% |
| Annual Growth Rate | -4.3% |
| 5-Year Change | -54.43% |
| 10-Year Change | -61.23% |
| Growth Volatility | 23.69 |
Equus Total Return Closed Fund - Net Assets Trend (1995–2025)
This chart illustrates how Equus Total Return Closed Fund's net assets have evolved over time, based on quarterly financial data. See Equus Total Return Closed Fund liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Equus Total Return Closed Fund (1995–2025)
The table below shows the annual net assets of Equus Total Return Closed Fund from 1995 to 2025. For live valuation and market cap data, see Equus Total Return Closed Fund (EQS) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $16.57 Million | -43.85% |
| 2024-12-31 | $29.51 Million | -38.89% |
| 2023-12-31 | $48.29 Million | +37.03% |
| 2022-12-31 | $35.24 Million | -3.10% |
| 2021-12-31 | $36.37 Million | +7.66% |
| 2020-12-31 | $33.78 Million | -26.55% |
| 2019-12-31 | $45.99 Million | +5.73% |
| 2018-12-31 | $43.49 Million | +1.13% |
| 2017-12-31 | $43.01 Million | +0.62% |
| 2016-12-31 | $42.74 Million | +14.56% |
| 2015-12-31 | $37.31 Million | +3.06% |
| 2014-12-31 | $36.20 Million | +8.98% |
| 2013-12-31 | $33.22 Million | +1.04% |
| 2012-12-31 | $32.88 Million | -13.82% |
| 2011-12-31 | $38.15 Million | +0.25% |
| 2010-12-31 | $38.05 Million | -25.25% |
| 2009-12-31 | $50.90 Million | -35.10% |
| 2008-12-31 | $78.44 Million | -24.01% |
| 2007-12-31 | $103.22 Million | +10.70% |
| 2006-12-31 | $93.24 Million | +0.68% |
| 2005-12-31 | $92.60 Million | +34.99% |
| 2004-12-31 | $68.60 Million | -4.06% |
| 2003-12-31 | $71.50 Million | -7.02% |
| 2002-12-31 | $76.90 Million | 0.00% |
| 2001-12-31 | $76.90 Million | -15.40% |
| 2000-12-31 | $90.90 Million | -10.36% |
| 1999-12-31 | $101.40 Million | -12.74% |
| 1998-12-31 | $116.20 Million | -19.58% |
| 1997-12-31 | $144.50 Million | +40.02% |
| 1996-12-31 | $103.20 Million | +66.72% |
| 1995-12-31 | $61.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Equus Total Return Closed Fund's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2386.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $14.00K | 0.08% |
| Other Components | $76.01 Million | 458.71% |
| Total Equity | $16.57 Million | 100.00% |
Equus Total Return Closed Fund Competitors by Market Cap
The table below lists competitors of Equus Total Return Closed Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MV Oil Trust
NYSE:MVO
|
$16.91 Million |
|
Overactive Media Corp
V:OAM
|
$16.93 Million |
|
Ranix INC
KQ:317120
|
$16.93 Million |
|
Korean Air Lines Co Ltd
KO:003495
|
$16.94 Million |
|
Nepa AB
ST:NEPA
|
$16.88 Million |
|
Lion Forest Industries Bhd
KLSE:8486
|
$16.87 Million |
|
Daesung Microbiological Labs. Co. Ltd
KQ:036480
|
$16.87 Million |
|
Ausom Enterprise Limited
NSE:AUSOMENT
|
$16.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Equus Total Return Closed Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 29,510,000 to 16,570,000, a change of -12,940,000 (-43.8%).
- Net loss of 14,164,000 reduced equity.
- New share issuances of 2,000,000 increased equity.
- Other factors decreased equity by 776,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-14.16 Million | -85.48% |
| Share Issuances | $2.00 Million | +12.07% |
| Other Changes | $-776.00K | -4.68% |
| Total Change | $- | -43.85% |
Book Value vs Market Value Analysis
This analysis compares Equus Total Return Closed Fund's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.00x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.06x to 1.00x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $19.78 | $1.21 | x |
| 1996-12-31 | $25.61 | $1.21 | x |
| 1997-12-31 | $28.90 | $1.21 | x |
| 1998-12-31 | $22.78 | $1.21 | x |
| 1999-12-31 | $19.39 | $1.21 | x |
| 2000-12-31 | $14.66 | $1.21 | x |
| 2001-12-31 | $11.70 | $1.21 | x |
| 2002-12-31 | $11.70 | $1.21 | x |
| 2003-12-31 | $10.85 | $1.21 | x |
| 2004-12-31 | $10.03 | $1.21 | x |
| 2005-12-31 | $13.33 | $1.21 | x |
| 2006-12-31 | $11.73 | $1.21 | x |
| 2007-12-31 | $12.51 | $1.21 | x |
| 2008-12-31 | $9.31 | $1.21 | x |
| 2009-12-31 | $5.79 | $1.21 | x |
| 2010-12-31 | $4.29 | $1.21 | x |
| 2011-12-31 | $3.80 | $1.21 | x |
| 2012-12-31 | $3.11 | $1.21 | x |
| 2013-12-31 | $3.14 | $1.21 | x |
| 2014-12-31 | $3.04 | $1.21 | x |
| 2015-12-31 | $2.94 | $1.21 | x |
| 2016-12-31 | $3.37 | $1.21 | x |
| 2017-12-31 | $3.22 | $1.21 | x |
| 2018-12-31 | $3.22 | $1.21 | x |
| 2019-12-31 | $3.40 | $1.21 | x |
| 2020-12-31 | $2.50 | $1.21 | x |
| 2021-12-31 | $2.69 | $1.21 | x |
| 2022-12-31 | $2.61 | $1.21 | x |
| 2023-12-31 | $3.57 | $1.21 | x |
| 2024-12-31 | $2.17 | $1.21 | x |
| 2025-12-31 | $1.21 | $1.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Equus Total Return Closed Fund utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -85.48%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1031.61%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.29x
- Recent ROE (-85.48%) is below the historical average (-7.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 9.24% | 185.71% | 0.02x | 2.14x | $-470.00K |
| 1996 | 28.56% | 1137.84% | 0.01x | 1.75x | $19.15 Million |
| 1997 | 21.36% | 769.83% | 0.02x | 1.58x | $16.42 Million |
| 1998 | -23.52% | -724.93% | 0.02x | 1.86x | $-38.95 Million |
| 1999 | -7.14% | -140.31% | 0.03x | 1.73x | $-17.38 Million |
| 2000 | -5.86% | -104.10% | 0.03x | 1.94x | $-14.42 Million |
| 2001 | -12.62% | -357.35% | 0.02x | 1.96x | $-17.42 Million |
| 2002 | 0.03% | 0.67% | 0.02x | 1.93x | $-7.68 Million |
| 2003 | -5.97% | -59.55% | 0.05x | 1.86x | $-11.42 Million |
| 2004 | 1.81% | 20.00% | 0.07x | 1.38x | $-5.62 Million |
| 2005 | 18.06% | 660.86% | 0.02x | 1.55x | $7.46 Million |
| 2006 | 15.19% | 235.36% | 0.05x | 1.35x | $4.84 Million |
| 2007 | 11.88% | 252.56% | 0.04x | 1.31x | $1.95 Million |
| 2008 | -25.07% | -618.11% | 0.03x | 1.58x | $-27.51 Million |
| 2009 | -54.09% | 0.00% | -0.30x | 1.59x | $-32.62 Million |
| 2010 | -33.77% | 0.00% | -0.17x | 1.40x | $-16.66 Million |
| 2011 | -11.87% | -846.54% | 0.01x | 1.16x | $-8.34 Million |
| 2012 | -16.04% | 0.00% | -0.06x | 1.01x | $-8.56 Million |
| 2013 | 1.03% | 9.83% | 0.07x | 1.46x | $-2.98 Million |
| 2014 | -3.78% | -67.81% | 0.04x | 1.44x | $-4.99 Million |
| 2015 | 2.97% | 28.36% | 0.07x | 1.41x | $-2.62 Million |
| 2016 | 12.71% | 62.94% | 0.12x | 1.71x | $1.16 Million |
| 2017 | -1.93% | -22.14% | 0.06x | 1.42x | $-5.13 Million |
| 2018 | 0.12% | 1.25% | 0.06x | 1.63x | $-4.30 Million |
| 2019 | 4.73% | 36.81% | 0.08x | 1.63x | $-2.43 Million |
| 2020 | -36.39% | -3865.41% | 0.01x | 1.74x | $-15.67 Million |
| 2021 | 7.12% | 42.59% | 0.15x | 1.09x | $-1.05 Million |
| 2022 | -3.20% | -45.10% | 0.06x | 1.18x | $-4.65 Million |
| 2023 | 26.82% | 75.14% | 0.18x | 1.94x | $8.12 Million |
| 2024 | -63.63% | 0.00% | -0.47x | 1.01x | $-21.73 Million |
| 2025 | -85.48% | -1031.61% | 0.06x | 1.29x | $-15.82 Million |
Industry Comparison
This section compares Equus Total Return Closed Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,830,051,427
- Average return on equity (ROE) among peers: -2.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Equus Total Return Closed Fund (EQS) | $16.57 Million | 9.24% | 0.29x | $16.90 Million |
| Acadian Asset Management Inc (AAMI) | $2.43 Billion | 0.12% | 2.51x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $381.33 Million | 35.01% | 0.36x | $3.27 Billion |
| Associated Capital Group Inc (AC) | $878.25 Million | 1.16% | 0.08x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $97.63 Million | -30.60% | 0.04x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.00 Million | -83.04% | 0.47x | $194.14 Million |
| Alpha Compute Corp (ALP) | $-214.26K | 0.00% | 0.00x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $970.20 Million | -10.62% | 0.29x | $296.12 Million |
| Affiliated Managers Group Inc (AMG) | $4.30 Billion | 10.10% | 0.79x | $9.37 Billion |
| Ameriprise Financial Inc (AMP) | $9.23 Billion | 14.45% | 14.66x | $40.38 Billion |
| AMTD IDEA Group (AMTD) | $3.92 Million | 36.60% | 15.42x | $40.58 Million |
About Equus Total Return Closed Fund
Equus Total Return, Inc. is a business development company (BDC) specializing in leveraged buyouts, management buyouts, corporate partnerships/joint ventures, growth and expansion capital, acquisition financing, roll-up acquisition strategies, operational turnarounds, recapitalizations of existing businesses, special situations, equity and equity-oriented securities issued by privately owned comp… Read more