Prospa Group (ASX:PGL) Equity-to-Asset : 0.12 (As of Dec. 2023)

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What is Prospa Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Prospa Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$100.8 Mil. Prospa Group's Total Assets for the quarter that ended in Dec. 2023 was A$878.7 Mil. Therefore, Prospa Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.12.

The historical rank and industry rank for Prospa Group's Equity-to-Asset or its related term are showing as below:

ASX:PGL' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.1 Med: 0.25 Max: 0.35
Current: 0.12

During the past 5 years, the highest Equity to Asset Ratio of Prospa Group was 0.35. The lowest was 0.10. And the median was 0.25.

ASX:PGL's Equity-to-Asset is ranked worse than
84.71% of 543 companies
in the Credit Services industry
Industry Median: 0.37 vs ASX:PGL: 0.12

Prospa Group Equity-to-Asset Historical Data

The historical data trend for Prospa Group'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.

* Premium members only.

Prospa Group Equity-to-Asset Chart

Prospa Group Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Equity-to-Asset

0.32

0.27

0.25

0.17

0.10

Prospa Group Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial						0.21	0.17	0.14	0.10	0.12

Competitive Comparison of Prospa Group's Equity-to-Asset

For the Credit Services subindustry, Prospa Group'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.

Prospa Group's Equity-to-Asset Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Prospa Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Prospa Group's Equity-to-Asset falls into.

Prospa Group 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.

Prospa Group's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	92.96	/	898.963
	=	0.10

Prospa Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	100.75	/	878.706
	=	0.11

Prospa Group (ASX:PGL) 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%.

Prospa Group Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Prospa Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Prospa Group (ASX:PGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Prospa Group Ltd (ASX:PGL) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-16 Yurong Street, Level 1, Sydney, NSW, AUS, 2000

Website

https://www.prospa.com

Prospa Group Ltd is engaged in the design, building and utilizing cloud-based data-rich and API-ended technologies to deliver seamless customer experiences for the small business. It uses third-party software and service providers as the core component of the technology platform. The company's technological innovation includes Customer experience, Credit Decision Engine, Partner Technical Solutions, and Internal Workflow and Automation.

Prospa Group (ASX:PGL) Headlines

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