Lumi Rental Co (SAU:4262) Equity-to-Asset : 0.31 (As of Mar. 2024)

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What is Lumi Rental Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Lumi Rental Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ﷼1,072.3 Mil. Lumi Rental Co's Total Assets for the quarter that ended in Mar. 2024 was ﷼3,447.8 Mil. Therefore, Lumi Rental Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.31.

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

SAU:4262' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.31 Med: 0.35 Max: 0.46
Current: 0.31

During the past 2 years, the highest Equity to Asset Ratio of Lumi Rental Co was 0.46. The lowest was 0.31. And the median was 0.35.

SAU:4262's Equity-to-Asset is ranked worse than
73.88% of 1095 companies
in the Business Services industry
Industry Median: 0.5 vs SAU:4262: 0.31

Lumi Rental Co Equity-to-Asset Historical Data

The historical data trend for Lumi Rental 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.

* Premium members only.

Lumi Rental Co Equity-to-Asset Chart

Lumi Rental Co Annual Data

Trend

Dec22

Dec23

Equity-to-Asset

0.46

0.32

Lumi Rental Co Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial			0.46	-	0.39	0.32	0.31

Competitive Comparison of Lumi Rental Co's Equity-to-Asset

For the Rental & Leasing Services subindustry, Lumi Rental 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.

Lumi Rental Co's Equity-to-Asset Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Lumi Rental Co's Equity-to-Asset distribution charts can be found below:

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

Lumi Rental 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.

Lumi Rental Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1025.323	/	3246.402
	=	0.32

Lumi Rental Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	1072.262	/	3447.818
	=	0.31

Lumi Rental Co (SAU:4262) 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%.

Lumi Rental Co Equity-to-Asset Related Terms

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

Lumi Rental Co (SAU:4262) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Lumi Rental Co (SAU:4262) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Imam Saud bin Abdulaziz bin, P.O. Box 6477, Muhammad Street, Al-Taawun District, Riyadh, SAU, 12476

Website

https://www.lumirental.com

Lumi Rental Co is a Car rental company which offers lease services to corporate and Government sector clients, provides rentals through a network of Thirty airport and city branches across the Kingdom and via digital channels, and sells used vehicles reaching the end of their useful life. The company has two reportable segments which are Leasing includes Providing vehicles on long term leases to corporate and government customers . Rental includes Providing vehicles on daily, weekly, monthly rentals to walking and corporate customers.

Lumi Rental Co (SAU:4262) Headlines

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