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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. The Lion Electric Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $280.4 Mil. The Lion Electric Co's Total Assets for the quarter that ended in Sep. 2024 was $780.2 Mil.
Therefore, The Lion Electric Co's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was 0.36.
The historical rank and industry rank for The Lion Electric Co's Equity-to-Asset or its related term are showing as below:
LEVGQ's Equity-to-Asset is not ranked *
in the Farm & Heavy Construction Machinery industry.
Industry Median: 0.51 * Ranked among companies with meaningful Equity-to-Asset only.
The Lion Electric Co (OTCPK:LEVGQ) 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%.
The Lion Electric Co Equity-to-Asset Related Terms
The Lion Electric Co Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for The Lion Electric 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.
LEVGQ vs UGRO, NKLAQ, ARTW: Equity-to-Asset Comparison
For the Farm & Heavy Construction Machinery subindustry, The Lion Electric 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.
The Lion Electric Co Equity-to-Asset vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, The Lion Electric Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where The Lion Electric 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.
The Lion Electric Co'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.
The Lion Electric Co (LEVGQ) has a Equity-to-Asset of 0.36 as of Sep. 2024. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on The Lion Electric Co and its competitors.
Is The Lion Electric Co's Equity-to-Asset too high?
The Lion Electric Co's current Equity-to-Asset is 0.36. The Farm & Heavy Construction Machinery industry median Equity-to-Asset is 0.51. The Lion Electric Co's value of 0.36 is 29.4% below this industry median. Overall, The Lion Electric Co has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does The Lion Electric Co's Equity-to-Asset compare to UGRO and NKLAQ?
The Lion Electric Co's Equity-to-Asset of 0.36 can be compared against companies in the Farm & Heavy Construction Machinery industry. The industry median Equity-to-Asset is 0.51. The Lion Electric Co's value of 0.36 is 29.4% below this benchmark. 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 Farm & Heavy Construction Machinery company?
The median Equity-to-Asset among Farm & Heavy Construction Machinery companies is 0.51, based on 212 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. The Lion Electric Co's current Equity-to-Asset of 0.36 is 29.4% 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 The Lion Electric Co and its competitors. For the Farm & Heavy Construction Machinery industry, the median Equity-to-Asset is 0.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Lion Electric Co's current Equity-to-Asset is 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Lion Electric Co stock overvalued right now?
The Lion Electric Co (LEVGQ) has a current Equity-to-Asset of 0.36. The current Equity-to-Asset is 0.36 and 29.4% below the Farm & Heavy Construction Machinery industry median of 0.51. The Lion Electric Co's overall GF Score™ is 12/100. 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 The Lion Electric Co (LEVGQ), the current Equity-to-Asset is 0.36 as of Sep. 2024. 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.
The Lion Electric Co. includes designing, developing, manufacturing and distributing purpose-built all-electric medium and heavy-duty urban vehicles including battery systems, chassis, bus bodies and truck cabins. The Group also distributes truck and bus parts and accessories. The Group has one reportable operating segment, the manufacturing and sales of electric vehicles in Canada and in the United States. Geographically, the majority of revenue is generated from Canada.
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