Latitude Group Holdings (ASX:LFS) Equity-to-Asset : 0.16 (As of Dec. 2024)

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What is Latitude Group Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Latitude Group Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2024 was A$1,224 Mil. Latitude Group Holdings's Total Assets for the quarter that ended in Dec. 2024 was A$7,883 Mil. Therefore, Latitude Group Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2024 was 0.16.

The historical rank and industry rank for Latitude Group Holdings's Equity-to-Asset or its related term are showing as below:

ASX:LFS' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.16 Med: 0.17 Max: 0.19
Current: 0.16

During the past 5 years, the highest Equity to Asset Ratio of Latitude Group Holdings was 0.19. The lowest was 0.16. And the median was 0.17.

ASX:LFS's Equity-to-Asset is ranked worse than
78.02% of 546 companies
in the Credit Services industry
Industry Median: 0.39 vs ASX:LFS: 0.16

Latitude Group Holdings Equity-to-Asset Historical Data

The historical data trend for Latitude Group Holdings'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.

Latitude Group Holdings Equity-to-Asset Chart

Latitude Group Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Equity-to-Asset

0.16

0.19

0.17

0.16

Latitude Group Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Equity-to-Asset	Get a 7-Day Free Trial				0.19	0.18	0.17	0.17	0.16

Competitive Comparison of Latitude Group Holdings's Equity-to-Asset

For the Credit Services subindustry, Latitude Group Holdings'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.

Latitude Group Holdings's Equity-to-Asset Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Latitude Group Holdings's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Latitude Group Holdings's Equity-to-Asset falls into.

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Latitude Group Holdings 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.

Latitude Group Holdings's Equity to Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Equity to Asset (A: Dec. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	1224.4	/	7882.8
	=	0.16

Latitude Group Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

Equity to Asset (Q: Dec. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	1224.4	/	7882.8
	=	0.16

Latitude Group Holdings (ASX:LFS) 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%.

Latitude Group Holdings Equity-to-Asset Related Terms

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

Latitude Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Latitude Group Holdings Ltd (ASX:LFS) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

130 Lonsdale Street, Level 18, Melbourne, VIC, AUS, 3000

Website

https://www.latitudefinancial.com.au

Latitude Group Holdings Ltd is engaged in the instalments and lending business. Its segments include Australia and New Zealand Pay (A&NZ Pay), Australia and New Zealand Money (A&NZ Money), and Other. The A&NZ Pay segment provides sales finance and credit cards. The A&NZ Money segment offers personal loans and motor loans. The Other segment includes other business activities. It provides payment and finance solutions to merchants and their customers. Customers are provided choice and flexibility, ranging from small everyday purchases to monthly or flexible payment plans for bigger purchases and travel credit cards. These services are offered in Australia, New Zealand, and Asia.