Lets Holdings Group Co (SZSE:002398) Equity-to-Asset : 0.59 (As of Mar. 2024)

Lets Holdings Group Co Equity-to-Asset Chart

Lets Holdings Group Co Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Equity-to-Asset		Get a 7-Day Free Trial					0.64	0.59	0.52	0.57	0.57

Lets Holdings Group Co 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															0.60	0.59	0.57	0.57	0.59

Competitive Comparison of Lets Holdings Group Co's Equity-to-Asset

For the Building Materials subindustry, Lets Holdings Group Co'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.

Lets Holdings Group Co's Equity-to-Asset Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Lets Holdings Group Co's Equity-to-Asset distribution charts can be found below:

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

Lets Holdings Group Co 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.

Lets Holdings Group Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Lets Holdings Group Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 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.

Lets Holdings Group Co  (SZSE:002398) 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%.

Lets Holdings Group Co Equity-to-Asset Related Terms

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Lets Holdings Group Co (SZSE:002398) Business Description