Northern Lights Acquisition (Northern Lights Acquisition) Equity-to-Asset : 0.92 (As of Jun. 2022)

View and export this data going back to 2021. Start your Free Trial

What is Northern Lights Acquisition Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Northern Lights Acquisition's Total Stockholders Equity for the quarter that ended in Jun. 2022 was $109.48 Mil. Northern Lights Acquisition's Total Assets for the quarter that ended in Jun. 2022 was $119.03 Mil.

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

NLITW' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.24 Med: 0.93 Max: 0.95
Current: 0.92

During the past 1 years, the highest Equity to Asset Ratio of Northern Lights Acquisition was 0.95. The lowest was 0.24. And the median was 0.93.

NLITW's Equity-to-Asset is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.81 vs NLITW: 0.92

Northern Lights Acquisition Equity-to-Asset Historical Data

The historical data trend for Northern 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.

* Premium members only.

Northern Lights Acquisition Equity-to-Asset Chart

Northern Lights Acquisition Annual Data

Trend

Dec21

Equity-to-Asset

0.94

Northern Lights Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Equity-to-Asset	Get a 7-Day Free Trial			0.91	0.94	0.94	0.95	0.92

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

For the Shell Companies subindustry, Northern 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.

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

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

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

Northern 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.

Northern Lights Acquisition's Equity to Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Equity to Asset (A: Dec. 2021 )	=	Total Stockholders Equity	/	Total Assets
	=	110.519	/	117.846
	=

Northern Lights Acquisition's Equity to Asset Ratio for the quarter that ended in Jun. 2022 is calculated as

Equity to Asset (Q: Jun. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	109.476	/	119.029
	=

Northern Lights Acquisition (NAS:NLITW) 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%.

Northern Lights Acquisition Equity-to-Asset Related Terms

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

Northern Lights Acquisition (Northern Lights Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Northern Lights Acquisition Corp (NAS:NLITW) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 East 53rd Street, Suite 3001, New York, NY, USA, 10022

Website

Northern Lights Acquisition Corp is a blank check company. It is formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses.