LMSBF (The Limestone Boat Co) Equity-to-Asset: -4.67 (As of Dec. 2023)

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What is The Limestone Boat Co Equity-to-Asset?

The Limestone Boat Co LMSBF Equity-to-Asset is -4.67 as of Dec. 2023.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. The Limestone Boat Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-15.47 Mil. The Limestone Boat Co's Total Assets for the quarter that ended in Dec. 2023 was $3.32 Mil.

The historical rank and industry rank for The Limestone Boat Co's Equity-to-Asset or its related term are showing as below:

LMSBF's Equity-to-Asset is not ranked *
in the Vehicles & Parts industry.
Industry Median: 0.49
* Ranked among companies with meaningful Equity-to-Asset only.

The Limestone Boat Co  (OTCPK:LMSBF) 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 Limestone Boat Co Equity-to-Asset Related Terms

The Limestone Boat Co Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for The Limestone Boat 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.

The Limestone Boat Co Equity-to-Asset Chart

The Limestone Boat Co Annual Data
Trend Dec20
Equity-to-Asset
0.18

The Limestone Boat Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Jun23 Sep23 Dec23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.18 -0.31 -5.60 -5.65 -4.67

LMSBF vs USLG, MCOM, EZGO: Equity-to-Asset Comparison

For the Recreational Vehicles subindustry, The Limestone Boat 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 Limestone Boat Co Equity-to-Asset vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, The Limestone Boat Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where The Limestone Boat Co's Equity-to-Asset falls into.


The Limestone Boat Co 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.

The Limestone Boat Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Equity to Asset (A: Dec. 2020 )=Total Stockholders Equity/Total Assets
=0.171/0.955
=

The Limestone Boat Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )=Total Stockholders Equity/Total Assets
=-15.471/3.315
=

* 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.

Frequently Asked Questions Learn more about Equity-to-Asset →
What does a Equity-to-Asset of -4.67 mean?
The Limestone Boat Co (LMSBF) has a Equity-to-Asset of -4.67 as of Dec. 2023. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on The Limestone Boat Co and its competitors.
Is The Limestone Boat Co's Equity-to-Asset too high?
The Limestone Boat Co's current Equity-to-Asset is -4.67.
How does The Limestone Boat Co's Equity-to-Asset compare to USLG and MCOM?
The Limestone Boat Co's Equity-to-Asset of -4.67 can be compared against companies in the Vehicles & Parts industry. The industry median Equity-to-Asset is 0.49. 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 Vehicles & Parts company?
The median Equity-to-Asset among Vehicles & Parts companies is 0.49, based on 1,332 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. 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 Limestone Boat Co and its competitors. For the Vehicles & Parts industry, the median Equity-to-Asset is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Limestone Boat Co's current Equity-to-Asset is -4.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Limestone Boat Co stock overvalued right now?
The Limestone Boat Co (LMSBF) has a current Equity-to-Asset of -4.67. The current Equity-to-Asset is -4.67. 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 Limestone Boat Co (LMSBF), the current Equity-to-Asset is -4.67 as of Dec. 2023. 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 Limestone Boat Co Business Description

Address 64 Hurontario Street, Collingwood, ON, CAN, L9Y 2L6
The Limestone Boat Co Ltd is an owner and builder of Aquasport Boat, Limestone Boat, and Boca Bay boat brands. The company is backed by a large, skilled labor force and dealer partners throughout the United States and the Canadian Great Lakes Region.