GLACF (Global Lights Acquisition) Equity-to-Asset : 0.96 (As of Sep. 2024)

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What is Global Lights Acquisition Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Global Lights Acquisition's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $69.62 Mil. Global Lights Acquisition's Total Assets for the quarter that ended in Sep. 2024 was $72.61 Mil.

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

GLACF' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.16 Med: 0 Max: 0.96
Current: 0.96

During the past 3 years, the highest Equity to Asset Ratio of Global Lights Acquisition was 0.96. The lowest was -0.16. And the median was 0.00.

GLACF's Equity-to-Asset is ranked better than
84.43% of 501 companies
in the Diversified Financial Services industry
Industry Median: 0.81 vs GLACF: 0.96

Global Lights Acquisition Equity-to-Asset Historical Data

The historical data trend for Global Lights Acquisition'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.

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Global Lights Acquisition Equity-to-Asset Chart

Global Lights Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Equity-to-Asset

-0.01

-0.09

0.96

Global Lights Acquisition Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Equity-to-Asset	Get a 7-Day Free Trial					-0.16	0.96	0.96	0.96	0.96

Competitive Comparison of Global Lights Acquisition's Equity-to-Asset

For the Shell Companies subindustry, Global Lights Acquisition'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.

Global Lights Acquisition's Equity-to-Asset Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Global Lights Acquisition's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Global Lights Acquisition's Equity-to-Asset falls into.

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Global Lights Acquisition 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.

Global Lights Acquisition'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
	=	67.464	/	70.105
	=

Global Lights Acquisition's Equity to Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

Equity to Asset (Q: Sep. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	69.623	/	72.61
	=

Global Lights Acquisition (OTCPK:GLACF) 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%.

Global Lights Acquisition Equity-to-Asset Related Terms

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