LMMY (L A M Y) Equity-to-Asset : -2.04 (As of May. 2024)

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What is L A M Y Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. L A M Y's Total Stockholders Equity for the quarter that ended in May. 2024 was $-0.06 Mil. L A M Y's Total Assets for the quarter that ended in May. 2024 was $0.03 Mil. Therefore, L A M Y's Equity to Asset Ratio for the quarter that ended in May. 2024 was -2.04.

The historical rank and industry rank for L A M Y's Equity-to-Asset or its related term are showing as below:

LMMY' s Equity-to-Asset Range Over the Past 10 Years
Min: -2.11 Med: -2.04 Max: -0.78
Current: -2.11

During the past 2 years, the highest Equity to Asset Ratio of L A M Y was -0.78. The lowest was -2.11. And the median was -2.04.

LMMY's Equity-to-Asset is not ranked
in the Education industry.
Industry Median: 0.54 vs LMMY: -2.11

L A M Y Equity-to-Asset Historical Data

The historical data trend for L A M Y'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.

* Premium members only.

L A M Y Equity-to-Asset Chart

L A M Y Annual Data

Trend

May23

May24

Equity-to-Asset

-0.78

-2.04

L A M Y Semi-Annual Data
	May23	May24
Equity-to-Asset	-0.78	-2.04

Competitive Comparison of L A M Y's Equity-to-Asset

For the Education & Training Services subindustry, L A M Y'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.

L A M Y's Equity-to-Asset Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, L A M Y's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where L A M Y's Equity-to-Asset falls into.

L A M Y 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.

L A M Y's Equity to Asset Ratio for the fiscal year that ended in May. 2024 is calculated as

Equity to Asset (A: May. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	-0.055	/	0.027
	=	-2.04

L A M Y's Equity to Asset Ratio for the quarter that ended in May. 2024 is calculated as

Equity to Asset (Q: May. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	-0.055	/	0.027
	=	-2.04

L A M Y (OTCPK:LMMY) 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%.

L A M Y Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of L A M Y's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

L A M Y Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » L A M Y (OTCPK:LMMY) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

201 Allen Street, Unit 10104, New York, NY, USA, 10002

Website

L A M Y is a startup developing a business taping the eLearning market and the gaming market by teaching financial knowledge and resource management to children. Its product is to be delivered through an educational platform and, in particular, a video game marketed as TwoPlus1.

L A M Y Headlines

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