Bank of America (BAC) Assets
Price: $42.124
Market Cap: $323.88B
Avg Volume: 38.69M
Market Cap: $323.88B
Avg Volume: 38.69M
Country: US
Industry: Banks - Diversified
Sector: Financial Services
Industry: Banks - Diversified
Sector: Financial Services
Bank of America Asset Metrics Summary
According to Bank of America's latest annual financial reports, the company's asset profile is as follows:
Total Assets
Bank of America's total assets amount to $3.18T. This is divided into:
- Total Current Assets: $981.00B
- Total Non-current Assets: $2.20T
- Net Receivables: $96.70B
- Inventory: $-68.81B
- Cash and Short-term Investments: $-27.89B
- Property, Plant, and Equipment (Net): $11.86B
- Long-term Investments: $1.02T
- Goodwill and Intangible Assets: $69.02B
Asset Ratios and Metrics
To better understand Bank of America's asset management, we can look at several key ratios:
- Return on Assets (ROA): 0.83% - this indicates how profitable a company is relative to its total assets.
- Asset Turnover: 0.03 - this shows how efficiently a company uses its assets to generate sales.
- Current Ratio: 1.02 - this measures a company's ability to pay short-term obligations with its current assets.
- Quick Ratio: 1.10 - this indicates a company's ability to meet short-term obligations with its most liquid assets.
- Cash Ratio: 0.36 - this measures a company's ability to pay off short-term liabilities with its cash and cash equivalents.
These metrics provide insight into Bank of America's asset efficiency and liquidity. For a comprehensive understanding of the company's financial health, it's important to consider these asset metrics alongside other financial indicators and industry benchmarks.
Total Assets
$3.18T
Total Current Assets
$981.00B
Total Non-current Assets
$2.20T
Net Receivables
$96.70B
Inventory
$-68.81B
Cash and Short-term Investments
$-27.89B
Property, Plant, and Equipment (Net)
$11.86B
Long-term Investments
$1.02T
Goodwill and Intangible Assets
$69.02B
Return on Assets
0.83%
Asset Turnover
0.03
Current Ratio
1.02
Bank of America Historical Asset Metrics
Historical Return on Assets
Historical Total Assets Growth
Bank of America Historical Assets
The table below shows various asset metrics for each year, with the latest data available for the last fiscal year 2023.
Year | Total Assets | Total Current Assets | Total Non-current Assets | Net Receivables | Inventory | Cash and Short-term Investments | Property, Plant, Equipment (Net) | Long-term Investments | Goodwill and Intangible Assets | Return on Assets | Asset Turnover | Current Ratio | Quick Ratio | Cash Ratio |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | $3.18T | $981.00B | $2.20T | $96.70B | $-68.81B | $-27.89B | $11.86B | $1.02T | $69.02B | 0.01 | 0.03 | 1.02 | 1.10 | 0.36 |
2022 | $3.05T | $539.27B | $1.24T | $81.02B | $-868.81B | $458.25B | $11.51B | $1.16T | $69.02B | 0.01 | 0.03 | 20.02 | 52.28 | 8.82 |
2021 | $3.17T | $742.02B | $1.31T | $87.47B | $-925.53B | $654.54B | $10.83B | $1.23T | $69.02B | 0.01 | 0.03 | 31.24 | 70.20 | 14.96 |
2020 | $2.82T | $702.66B | $963.65B | $81.16B | $-954.26B | $621.50B | $11.00B | $883.70B | $68.95B | 0.01 | 0.03 | 36.37 | 85.76 | 20.03 |
2019 | $2.43T | $489.96B | $781.53B | $75.66B | $-729.26B | $414.31B | $10.56B | $702.02B | $68.95B | 0.01 | 0.04 | 20.24 | 50.37 | 6.97 |
2018 | $2.35T | $502.46B | $615.60B | $88.19B | $-726.43B | $414.26B | $9.91B | $536.74B | $68.95B | 0.01 | 0.04 | 24.89 | 60.87 | 9.16 |
2017 | $2.28T | $554.80B | $623.71B | $83.58B | $-652.55B | $471.22B | $9.25B | $543.21B | $71.25B | 0.01 | 0.04 | 13.04 | 28.38 | 3.96 |
2016 | $2.19T | $532.53B | $588.66B | $81.00B | $-605.84B | $451.54B | $9.14B | $504.88B | $74.64B | 0.01 | 0.04 | 15.40 | 32.91 | 4.56 |
2015 | $2.14T | $575.00B | $669.63B | $85.52B | $- | $489.48B | $9.48B | $583.53B | $76.62B | 0.01 | 0.04 | 13.63 | 13.63 | 3.96 |
2014 | $2.10T | $553.35B | $660.21B | $86.56B | $- | $466.79B | $10.05B | $572.25B | $77.92B | 0.00 | 0.04 | 12.44 | 12.44 | 3.28 |