Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Lassonde Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$923 Mil. Lassonde Industries's Total Assets for the quarter that ended in Dec. 2023 was C$1,666 Mil.
Therefore, Lassonde Industries's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.55.
The historical rank and industry rank for Lassonde Industries's Equity-to-Asset or its related term are showing as below:
TSX:LAS.A'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.39 Med: 0.53 Max: 0.57
Current: 0.55
During the past 13 years, the highest Equity to Asset Ratio of Lassonde Industries was 0.57. The lowest was 0.39. And the median was 0.53.
TSX:LAS.A's Equity-to-Asset is ranked worse than 53.21% of 109
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.57
vs TSX:LAS.A: 0.55
Lassonde Industries Equity-to-Asset Historical Data
The historical data trend for Lassonde Industries'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 Lassonde Industries's Equity-to-Asset
For the Beverages - Non-Alcoholic subindustry, Lassonde Industries'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.
Lassonde Industries's Equity-to-Asset Distribution in the Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Lassonde Industries's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Lassonde Industries's Equity-to-Asset falls into.
Lassonde Industries 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.
Lassonde Industries'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%.
Lassonde Industries Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Lassonde Industries's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Lassonde Industries (TSX:LAS.A) Business Description
Lassonde Industries Inc is engaged in the development, manufacturing, and marketing of ready-to-drink fruit and vegetable juices and drinks. It also acts as a producer of store-brand shelf-stable fruit juices and drinks in the United States and a producer of cranberry sauces. The company operates through a single segment the development, manufacturing, and marketing of a wide range of ready-to-drink juices and drinks; frozen juice concentrates; and specialty food products; and the importation, packaging, and marketing of selected wines from several countries of origin. Lassonde has a presence in Canada and the United States. It earns the majority of the revenue in the United States.
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