Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Upbound Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $560 Mil. Upbound Group's Total Assets for the quarter that ended in Dec. 2023 was $2,721 Mil.
Therefore, Upbound Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.21.
The historical rank and industry rank for Upbound Group's Equity-to-Asset or its related term are showing as below:
UPBD'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.17 Med: 0.2 Max: 0.43
Current: 0.21
During the past 13 years, the highest Equity to Asset Ratio of Upbound Group was 0.43. The lowest was 0.17. And the median was 0.20.
UPBD's Equity-to-Asset is ranked worse than 83.28% of 2841
companies
in the Software industry
Industry Median: 0.55
vs UPBD: 0.21
Upbound Group Equity-to-Asset Historical Data
The historical data trend for Upbound 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.
Competitive Comparison of Upbound Group's Equity-to-Asset
For the Software - Application subindustry, Upbound 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.
Upbound Group's Equity-to-Asset Distribution in the Software Industry
For the Software industry and Technology sector, Upbound Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Upbound Group's Equity-to-Asset falls into.
Upbound 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.
Upbound Group'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.
Upbound Group (NAS:UPBD) 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%.
Upbound Group Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Upbound Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Upbound Group (Upbound Group) Business Description
Upbound Group Inc is an omnichannel platform company committed to elevating financial opportunity for all through inclusive, and technology-driven financial solutions that address the evolving needs and aspirations of consumers. It has four operating segments; The Rent-A-Center Business segment operates lease-to-own stores, the Acima segment, offers the lease-to-own transaction to consumers who do not qualify for financing from the traditional retailer, and also offers the lease-to-own transaction through virtual offering solutions across e-commerce, digital, and mobile channels, Mexico segment offers lease-to-own stores in Mexico. The franchising segment offers the sale of rental merchandise to its franchisees. The company derives a majority of its revenue from the Acima segment.
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