Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Legal & General Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £4,826 Mil. Legal & General Group's Total Assets for the quarter that ended in Dec. 2023 was £522,095 Mil.
Therefore, Legal & General Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.01.
The historical rank and industry rank for Legal & General Group's Equity-to-Asset or its related term are showing as below:
LSE:LGEN'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.02
Current: 0.01
During the past 13 years, the highest Equity to Asset Ratio of Legal & General Group was 0.02. The lowest was 0.01. And the median was 0.02.
LSE:LGEN's Equity-to-Asset is ranked worse than 98.26% of 1728
companies
in the Asset Management industry
Industry Median: 0.83
vs LSE:LGEN: 0.01
Legal & General Group Equity-to-Asset Historical Data
The historical data trend for Legal & General Group'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 Legal & General Group's Equity-to-Asset
For the Asset Management subindustry, Legal & General Group'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.
Legal & General Group's Equity-to-Asset Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Legal & General Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Legal & General Group's Equity-to-Asset falls into.
Legal & General Group 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.
Legal & General Group'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.
Legal & General Group (LSE:LGEN) 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%.
Legal & General Group Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Legal & General Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Legal & General Group (LSE:LGEN) Business Description
Legal & General Group PLC operates across four broad business areas of retirement, investment management, capital investment, and insurance. The retirement business provides provide guaranteed retirement income for corporate pension scheme members. Investment Management business provides investment management services for both individuals and corporations, including managing pension funds. Capital investment use customers' pension assets, as well as the group's shareholder capital, to make long-term investments in assets such as clean energy, housing, and SME finance. The Insurance business provides various types of insurance, including life and disability insurance. The company has a global presence but most of its assets under management are derived from the United Kingdom and Europe.
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