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LGI Homes (LGI Homes) Equity-to-Asset : 0.53 (As of Mar. 2024)


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What is LGI Homes Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. LGI Homes's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $1,869 Mil. LGI Homes's Total Assets for the quarter that ended in Mar. 2024 was $3,523 Mil. Therefore, LGI Homes's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.53.

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

LGIH' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.4   Med: 0.49   Max: 0.67
Current: 0.53

During the past 13 years, the highest Equity to Asset Ratio of LGI Homes was 0.67. The lowest was 0.40. And the median was 0.49.

LGIH's Equity-to-Asset is ranked better than
55.24% of 105 companies
in the Homebuilding & Construction industry
Industry Median: 0.49 vs LGIH: 0.53

LGI Homes Equity-to-Asset Historical Data

The historical data trend for LGI Homes'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.

LGI Homes Equity-to-Asset Chart

LGI Homes Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.51 0.62 0.59 0.53 0.55

LGI Homes 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.54 0.55 0.54 0.55 0.53

Competitive Comparison of LGI Homes's Equity-to-Asset

For the Residential Construction subindustry, LGI Homes'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.


LGI Homes's Equity-to-Asset Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, LGI Homes's Equity-to-Asset distribution charts can be found below:

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



LGI Homes 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.

LGI Homes'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
=1856.031/3407.851
=0.54

LGI Homes'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
=1869.203/3522.886
=0.53

* 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.


LGI Homes  (NAS:LGIH) 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%.


LGI Homes Equity-to-Asset Related Terms

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


LGI Homes (LGI Homes) Business Description

Traded in Other Exchanges
Address
1450 Lake Robbins Drive, Suite 430, The Woodlands, TX, USA, 77380
LGI Homes Inc is engaged in the design, construction, and sale of new homes in markets. The company current product offerings include entry-level homes, including both detached homes and townhomes, and move-up homes sold, which are sold under LGI Homes brand, and luxury series homes, which are sold under the Terrata Homes brand. It offers a set number of floor plans in each community with features that include upgrades, such as granite countertops, appliances, and ceramic tile flooring.
Executives
Steven Randal Smith director 1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380
Michael Larry Snider officer: See Remarks 1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380
Eric Thomas Lipar director, 10 percent owner, officer: Chief Executive Officer 1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380
Scott James Garber officer: General Counsel and Secretary 1450 LAKE ROBBINS DRIVE SUITE 430, THE WOODLANDS TX 77380
Ryan Edone director 1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS X1 77380
Maria Renna Sharpe director 11 EDWARDS COURT, MT. KISCO NY 10549
Charles Michael Merdian director 1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380
Rachel Lyons Eaton officer: Chief Marketing Officer 1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380
Jack Anthony Lipar officer: See Remarks 1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380
Shailee Parikh director 27 N. ABERDEEN ST., UNIT 4S, CHICAGO IL 60607
Duncan S Gage director 1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380
Robert Karnig Vahradian director 1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380
Bryan Christopher Sansbury director 1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380
Laura Marie Miller director 320 QUIET WATER LANE, ATLANTA GA 30350
Margaret Mary Britton officer: Chief Administrative Officer 1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380