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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
EarlyPayASX:EPY +4.35%18 Equity-to-Asset is 0.22 as of Dec. 2025, which is 38% above its 10-year median of 0.16. GuruFocus rates ASX:EPY with a GF Score™ of 18/100 and a GF Value™ of A$0.46 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 548 Credit Services companies, EarlyPay ranks worse than 66.42% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. EarlyPay's Total Stockholders Equity for the quarter that ended in Dec. 2025 was A$70.10 Mil. EarlyPay's Total Assets for the quarter that ended in Dec. 2025 was A$319.67 Mil.
Therefore, EarlyPay's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.22.
The historical rank and industry rank for EarlyPay's Equity-to-Asset or its related term are showing as below:
ASX:EPY'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.09 Med: 0.16 Max: 0.24
Current: 0.22
During the past 13 years, the highest Equity to Asset Ratio of EarlyPay was 0.24. The lowest was 0.09. And the median was 0.16.
ASX:EPY's Equity-to-Asset is ranked worse than 66.42% of 548
companies
in the Credit Services industry
Industry Median: 0.4
vs ASX:EPY: 0.22
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%.
EarlyPay Equity-to-Asset Related Terms
EarlyPay Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for EarlyPay'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.
For the Credit Services subindustry, EarlyPay'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.
EarlyPay Equity-to-Asset vs Credit Services Industry
For the Credit Services industry and Financial Services sector, EarlyPay's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where EarlyPay's Equity-to-Asset falls into.
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.
EarlyPay's Equity to Asset Ratio for the fiscal year that ended in Jun. 2025 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.
EarlyPay (ASX:EPY) has a Equity-to-Asset of 0.22 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on EarlyPay and its competitors. This is 38% above median its historical median of 0.16. Over the past decade, EarlyPay's Equity-to-Asset has ranged from 0.09 to 0.24. According to the industry distribution chart, EarlyPay ranks #364 out of 548 companies in the Credit Services industry, placing it in the top 66.4%.
Is EarlyPay's Equity-to-Asset too high?
EarlyPay's current Equity-to-Asset of 0.22 is 38% above median its 10-year median of 0.16. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 0.24. The Credit Services industry median Equity-to-Asset is 0.40. EarlyPay's value of 0.22 is 45% below this industry median. Based on the distribution chart, EarlyPay ranks #364 out of 548 companies in the Credit Services industry, which is below the industry midpoint. Overall, EarlyPay has a GF Score™ of 18/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does EarlyPay's Equity-to-Asset compare to V and MA?
According to the Credit Services industry distribution chart, EarlyPay ranks #364 out of 548 companies for Equity-to-Asset. This places EarlyPay in the lower half of its industry. The industry median Equity-to-Asset is 0.40. EarlyPay's value of 0.22 is 45% below this benchmark. Historically, EarlyPay's own Equity-to-Asset has ranged from 0.09 to 0.24 over the past decade. While the company's 10-year median is 0.16 vs. the industry median of 0.40, EarlyPay has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Credit Services company?
The median Equity-to-Asset among Credit Services companies is 0.40, based on 548 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. EarlyPay's current Equity-to-Asset of 0.22 is 45% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on EarlyPay and its competitors. For the Credit Services industry, the median Equity-to-Asset is 0.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EarlyPay's current Equity-to-Asset is 0.22, which is 38% above median its own 10-year median of 0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EarlyPay stock overvalued right now?
Based on GuruFocus' analysis, EarlyPay (ASX:EPY) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.46, compared to a current price of A$0.12 — trading 73.9% below its estimated fair value. The current Equity-to-Asset is 0.22, which is 38% above median its 10-year median of 0.16 and 45% below the Credit Services industry median of 0.40. EarlyPay's overall GF Score™ is 18/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For EarlyPay (ASX:EPY), the current Equity-to-Asset is 0.22 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is EarlyPay (ASX:EPY) Overvalued in 2026?
Based on GuruFocus' analysis, EarlyPay stock appears to be undervalued.
The current stock price of A$0.12 is trading 73.9% below its estimated GF Value™ of A$0.46.
GuruFocus considers EarlyPay to be Possible Value Trap.
Key valuation signals for ASX:EPY:
Equity-to-Asset: 0.22 (38% above median its 10-year median of 0.16)
GF Value™: A$0.46 vs. price of A$0.12 (73.9% below fair value)
Industry Position: 45% below the Credit Services median (#364 of 548)
No single metric tells the full story. See the ASX:EPY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
EarlyPay Ltd is engaged in providing tailored financing solutions to businesses of all shapes and sizes. It is a line of credit financing for businesses in Australia. It is involved in various business activities namely Invoice Finance, and Equipment Finance. It generates the majority of its revenue from the Invoice finance segment.
18GF Score
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