Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Zip CoASX:ZIP -4.91%70 Equity-to-Asset is 0.17 as of Dec. 2025, which is 13% above its 10-year median of 0.15. GuruFocus rates ASX:ZIP with a GF Score™ of 70/100 and a GF Value™ of A$2.10 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 546 Credit Services companies, Zip Co ranks worse than 74.54% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Zip Co's Total Stockholders Equity for the quarter that ended in Dec. 2025 was A$664 Mil. Zip Co's Total Assets for the quarter that ended in Dec. 2025 was A$3,978 Mil.
Therefore, Zip Co's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.17.
The historical rank and industry rank for Zip Co's Equity-to-Asset or its related term are showing as below:
ASX:ZIP'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.05 Med: 0.15 Max: 0.39
Current: 0.17
During the past 13 years, the highest Equity to Asset Ratio of Zip Co was 0.39. The lowest was 0.05. And the median was 0.15.
ASX:ZIP's Equity-to-Asset is ranked worse than 74.54% of 546
companies
in the Credit Services industry
Industry Median: 0.405
vs ASX:ZIP: 0.17
Zip Co (ASX:ZIP) 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%.
Zip Co Equity-to-Asset Related Terms
Zip Co Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Zip Co'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, Zip 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.
Zip Co Equity-to-Asset vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Zip Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Zip Co'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.
Zip Co'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.
Zip Co (ASX:ZIP) has a Equity-to-Asset of 0.17 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Zip Co and its competitors. This is 13% above median its historical median of 0.15. Over the past decade, Zip Co's Equity-to-Asset has ranged from 0.05 to 0.39. According to the industry distribution chart, Zip Co ranks #407 out of 546 companies in the Credit Services industry, placing it in the top 74.5%.
Is Zip Co's Equity-to-Asset too high?
Zip Co's current Equity-to-Asset of 0.17 is 13% above median its 10-year median of 0.15. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.39. The Credit Services industry median Equity-to-Asset is 0.41. Zip Co's value of 0.17 is 58% below this industry median. Based on the distribution chart, Zip Co ranks #407 out of 546 companies in the Credit Services industry, which is below the industry midpoint. Overall, Zip Co has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zip Co's Equity-to-Asset compare to V and MA?
According to the Credit Services industry distribution chart, Zip Co ranks #407 out of 546 companies for Equity-to-Asset. This places Zip Co in the lower half of its industry. The industry median Equity-to-Asset is 0.41. Zip Co's value of 0.17 is 58% below this benchmark. Historically, Zip Co's own Equity-to-Asset has ranged from 0.05 to 0.39 over the past decade. While the company's 10-year median is 0.15 vs. the industry median of 0.41, Zip Co 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 0.41, based on 546 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. Zip Co's current Equity-to-Asset of 0.17 is 58% 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 Zip Co and its competitors. For the Credit Services industry, the median Equity-to-Asset is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zip Co's current Equity-to-Asset is 0.17, which is 13% above median its own 10-year median of 0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zip Co stock overvalued right now?
Based on GuruFocus' analysis, Zip Co (ASX:ZIP) is currently considered Modestly Overvalued. The stock's GF Value™ is A$2.10, compared to a current price of A$2.52 — trading 20% above its estimated fair value. The current Equity-to-Asset is 0.17, which is 13% above median its 10-year median of 0.15 and 58% below the Credit Services industry median of 0.41. Zip Co's overall GF Score™ is 70/100 with 7 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 Zip Co (ASX:ZIP), the current Equity-to-Asset is 0.17 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 Zip Co (ASX:ZIP) Overvalued in 2026?
Based on GuruFocus' analysis, Zip Co stock appears to be overvalued.
The current stock price of A$2.52 is trading 20% above its estimated GF Value™ of A$2.10.
GuruFocus considers Zip Co to be Modestly Overvalued.
Key valuation signals for ASX:ZIP:
Equity-to-Asset: 0.17 (13% above median its 10-year median of 0.15)
GF Value™: A$2.10 vs. price of A$2.52 (20% above fair value)
Industry Position: 58% below the Credit Services median (#407 of 546)
No single metric tells the full story. See the ASX:ZIP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zip is a credit provider operating two segments: Australia and New Zealand, and the US. Founded in Australia in 2013, it has over 6 million active customers and partners with over 85,000 merchants. In Australia, Zip positions itself as a credit card alternative, with several revolving credit products. Customers can carry the balance over time with a monthly fee and set their own repayment schedule. The US and New Zealand offering is a far more vanilla BNPL offering: Pay-in-4 in New Zealand and Pay-in-Z in the US, where customers pay back in fixed instalments. The US segment is built on the 2020 acquisition of QuadPay and has recently become Zip's largest and fastest-growing segment.
70GF Score
Get the complete analysis for ASX:ZIP
Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:ZIP has been successfully added to your 
