Equity to Asset ratio is calculated as total stockholders equity divided by total asset. LQR House's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $14.62 Mil. LQR House's Total Assets for the quarter that ended in Dec. 2023 was $15.09 Mil.
Therefore, LQR House's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.97.
The historical rank and industry rank for LQR House's Equity-to-Asset or its related term are showing as below:
LQR'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.78 Med: 0.97 Max: 0.97
Current: 0.97
During the past 3 years, the highest Equity to Asset Ratio of LQR House was 0.97. The lowest was 0.78. And the median was 0.97.
LQR's Equity-to-Asset is ranked better than 99.54% of 217
companies
in the Beverages - Alcoholic industry
Industry Median: 0.5
vs LQR: 0.97
LQR House Equity-to-Asset Historical Data
The historical data trend for LQR House'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.
Competitive Comparison of LQR House's Equity-to-Asset
For the Beverages - Wineries & Distilleries subindustry, LQR House'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.
LQR House's Equity-to-Asset Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, LQR House's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where LQR House's Equity-to-Asset falls into.
LQR House 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.
LQR House's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
LQR House (NAS:LQR) 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%.
LQR House Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of LQR House's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
LQR House Inc intends to become the full-service digital marketing and brand development face of the alcoholic beverage space. It also intends to integrate the supply, sales, and marketing facets of the alcoholic beverage space into one easy-to-use platform and become the one-stop shop for everything related to alcohol. The company's primary business includes the development of premium limited-batch spirit brands, establishing an exclusive wine club, and marketing internal and external brands through an exclusive agreement with a U.S.-based e-commerce portal. It believes that the marketing and brand management services it provides to its wholly owned and third-party clients will increase brand recognition thereof, and drive sales thereof through its e-commerce platform partner.
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