Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Lottery.com's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $35.79 Mil. Lottery.com's Total Assets for the quarter that ended in Dec. 2023 was $65.95 Mil.
Therefore, Lottery.com's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.54.
The historical rank and industry rank for Lottery.com's Equity-to-Asset or its related term are showing as below:
LTRY'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.33 Med: 0.54 Max: 0.87
Current: 0.54
During the past 5 years, the highest Equity to Asset Ratio of Lottery.com was 0.87. The lowest was 0.33. And the median was 0.54.
LTRY's Equity-to-Asset is ranked better than 57.36% of 842
companies
in the Travel & Leisure industry
Industry Median: 0.47
vs LTRY: 0.54
Lottery.com Equity-to-Asset Historical Data
The historical data trend for Lottery.com'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.
Competitive Comparison of Lottery.com's Equity-to-Asset
For the Gambling subindustry, Lottery.com'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.
Lottery.com's Equity-to-Asset Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Lottery.com's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Lottery.com's Equity-to-Asset falls into.
Lottery.com 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.
Lottery.com'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.
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%.
Lottery.com Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Lottery.com's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Lottery.com Inc is a technology company that is transforming how, where, and when the lottery is played. Its engaging mobile and online platforms enable players and commercial partners located in the U.S. and internationally to remotely purchase legally sanctioned lottery games. It offers more than 800 lottery games from more than 40 countries. Additionally, through WinTogether.org, the firm is fundamentally changing how non-profit donors are incentivized to action by gasifying charitable giving. In all that its mission remains the same: an uncompromising passion to innovate, grow a new demographic of enthusiasts, deliver responsible and trusted solutions, and promote community and philanthropic initiatives.
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