Literacy Capital (LSE:BOOK) Equity-to-Asset : 0.95 (As of Dec. 2023)

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What is Literacy Capital Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Literacy Capital's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £301.09 Mil. Literacy Capital's Total Assets for the quarter that ended in Dec. 2023 was £315.84 Mil. Therefore, Literacy Capital's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.95.

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

LSE:BOOK' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.93 Med: 0.96 Max: 0.98
Current: 0.95

During the past 4 years, the highest Equity to Asset Ratio of Literacy Capital was 0.98. The lowest was 0.93. And the median was 0.96.

LSE:BOOK's Equity-to-Asset is ranked better than
71.94% of 1725 companies
in the Asset Management industry
Industry Median: 0.83 vs LSE:BOOK: 0.95

Literacy Capital Equity-to-Asset Historical Data

The historical data trend for Literacy Capital'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.

Literacy Capital Equity-to-Asset Chart

Literacy Capital Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.98

0.97

0.93

0.95

Literacy Capital Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Sep22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.98	0.97	0.94	0.94	0.95

Competitive Comparison of Literacy Capital's Equity-to-Asset

For the Asset Management subindustry, Literacy Capital'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.

Literacy Capital's Equity-to-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Literacy Capital's Equity-to-Asset distribution charts can be found below:

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

Literacy Capital 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.

Literacy Capital'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
	=	301.087	/	315.836
	=	0.95

Literacy Capital'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
	=	301.087	/	315.836
	=	0.95

Literacy Capital (LSE:BOOK) 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%.

Literacy Capital Equity-to-Asset Related Terms

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

Literacy Capital (LSE:BOOK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Literacy Capital PLC (LSE:BOOK) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-11 Regent Street, St James's, 3rd Floor, Charles House, London, GBR, SW1Y 4LR

Website

https://www.literacycapital.com

Literacy Capital PLC is a closed-end investment company focused on investing in and supporting UK businesses and helping their management teams to achieve long-term success.

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