Secure Electronic Technology (NSA:NSLTECH) Equity-to-Asset: 0.81 (As of Dec. 2025) — Near Median

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NSA:NSLTECH Secure Electronic Technology PLC NSA:NSLTECH
15 GF Score
Price ₦0.70
GF Value ₦0.66
Valuation Fairly Valued
! 2 Warning Signs
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What is Secure Electronic Technology Equity-to-Asset?

Secure Electronic Technology NSA:NSLTECH -2.78% 15 Equity-to-Asset is 0.81 as of Dec. 2025, which is 7% above its 10-year median of 0.76. GuruFocus rates NSA:NSLTECH with a GF Score™ of 15/100 and a GF Value™ of ₦0.66 (Fairly Valued). The stock has 2 warning signs investors should review. Among 853 Travel & Leisure companies, Secure Electronic Technology ranks better than 87.57% on this metric.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Secure Electronic Technology's Total Stockholders Equity for the quarter that ended in Dec. 2025 was ₦3,595 Mil. Secure Electronic Technology's Total Assets for the quarter that ended in Dec. 2025 was ₦4,448 Mil. Therefore, Secure Electronic Technology's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.81.

The historical rank and industry rank for Secure Electronic Technology's Equity-to-Asset or its related term are showing as below:

NSA:NSLTECH' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.73   Med: 0.76   Max: 0.81
Current: 0.81

During the past 5 years, the highest Equity to Asset Ratio of Secure Electronic Technology was 0.81. The lowest was 0.73. And the median was 0.76.

NSA:NSLTECH's Equity-to-Asset is ranked better than
87.57% of 853 companies
in the Travel & Leisure industry
Industry Median: 0.51 vs NSA:NSLTECH: 0.81

Secure Electronic Technology  (NSA:NSLTECH) 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%.


Secure Electronic Technology Equity-to-Asset Related Terms


Secure Electronic Technology Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for Secure Electronic Technology'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.

Secure Electronic Technology Equity-to-Asset Chart

Secure Electronic Technology Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Equity-to-Asset
0.76 0.38 0.73 0.81 0.81

Secure Electronic Technology Quarterly Data
Dec21 Dec22 Dec23 Dec24 Dec25
Equity-to-Asset 0.76 0.38 0.73 0.81 0.81

NSA:NSLTECH vs FLUT, DKNG, SGHC: Equity-to-Asset Comparison

For the Gambling subindustry, Secure Electronic Technology'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.


Secure Electronic Technology Equity-to-Asset vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Secure Electronic Technology's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Secure Electronic Technology's Equity-to-Asset falls into.


NSA:NSLTECH
15GF Score
Secure Electronic Technology PLC NSA:NSLTECH
Equity-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Secure Electronic Technology 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.

Secure Electronic Technology's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Equity to Asset (A: Dec. 2025 )=Total Stockholders Equity/Total Assets
=3595.42317/4447.981684
=0.81

Secure Electronic Technology's Equity to Asset Ratio for the quarter that ended in Dec. 2025 is calculated as

Equity to Asset (Q: Dec. 2025 )=Total Stockholders Equity/Total Assets
=3595.42317/4447.981684
=0.81

* 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 0.81 mean?
Secure Electronic Technology (NSA:NSLTECH) has a Equity-to-Asset of 0.81 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Secure Electronic Technology and its competitors. This is near median its historical median of 0.76. Over the past decade, Secure Electronic Technology's Equity-to-Asset has ranged from 0.73 to 0.81. According to the industry distribution chart, Secure Electronic Technology ranks #106 out of 853 companies in the Travel & Leisure industry, placing it in the top 12.4%.
Is Secure Electronic Technology's Equity-to-Asset too high?
Secure Electronic Technology's current Equity-to-Asset of 0.81 is near median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 0.81. The Travel & Leisure industry median Equity-to-Asset is 0.51. Secure Electronic Technology's value of 0.81 is 58.8% above this industry median. Based on the distribution chart, Secure Electronic Technology ranks #106 out of 853 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Secure Electronic Technology has a GF Score™ of 15/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Secure Electronic Technology's Equity-to-Asset compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Secure Electronic Technology ranks #106 out of 853 companies for Equity-to-Asset. This places Secure Electronic Technology in the top 12% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.51. Secure Electronic Technology's value of 0.81 is 58.8% above this benchmark. Historically, Secure Electronic Technology's own Equity-to-Asset has ranged from 0.73 to 0.81 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 0.51, Secure Electronic Technology has consistently been above the industry average. 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 Travel & Leisure company?
The median Equity-to-Asset among Travel & Leisure companies is 0.51, based on 853 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. Secure Electronic Technology's current Equity-to-Asset of 0.81 is 58.8% above 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 Secure Electronic Technology and its competitors. For the Travel & Leisure 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. Secure Electronic Technology's current Equity-to-Asset is 0.81, which is near median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Secure Electronic Technology stock overvalued right now?
Based on GuruFocus' analysis, Secure Electronic Technology (NSA:NSLTECH) is currently considered Fairly Valued. The stock's GF Value™ is ₦0.66, compared to a current price of ₦0.70 — trading 6.1% above its estimated fair value. The current Equity-to-Asset is 0.81, which is near median its 10-year median of 0.76 and 58.8% above the Travel & Leisure industry median of 0.51. Secure Electronic Technology's overall GF Score™ is 15/100 with 2 warning signs to review. 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 Secure Electronic Technology (NSA:NSLTECH), the current Equity-to-Asset is 0.81 as of Dec. 2025. 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.

Is Secure Electronic Technology (NSA:NSLTECH) Overvalued in 2026?

Based on GuruFocus' analysis, Secure Electronic Technology stock appears to be overvalued. The current stock price of ₦0.70 is trading 6.1% above its estimated GF Value™ of ₦0.66. GuruFocus considers Secure Electronic Technology to be Fairly Valued.

Key valuation signals for NSA:NSLTECH:

  • Equity-to-Asset: 0.81 (near median its 10-year median of 0.76)
  • GF Value™: ₦0.66 vs. price of ₦0.70 (6.1% above fair value)
  • GF Score™: 15/100 with 2 warning signs
  • Industry Position: 58.8% above the Travel & Leisure median (#106 of 853)

No single metric tells the full story. See the NSA:NSLTECH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Secure Electronic Technology Business Description

Address 107, Bamgbose Street, Lagos Island, Lagos, NGA
Secure Electronic Technology PLC is engaged in operating the national lottery in Nigeria. The company's games include 5OF90.
15GF Score

Get the complete analysis for NSA:NSLTECH

Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₦0.70
Price
₦0.66
GF Value