Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Limoneira Co's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $183.9 Mil. Limoneira Co's Total Assets for the quarter that ended in Jan. 2024 was $299.6 Mil.
Therefore, Limoneira Co's Equity to Asset Ratio for the quarter that ended in Jan. 2024 was 0.61.
The historical rank and industry rank for Limoneira Co's Equity-to-Asset or its related term are showing as below:
LMNR'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.43 Med: 0.5 Max: 0.63
Current: 0.61
During the past 13 years, the highest Equity to Asset Ratio of Limoneira Co was 0.63. The lowest was 0.43. And the median was 0.50.
LMNR's Equity-to-Asset is ranked better than 60.71% of 1919
companies
in the Consumer Packaged Goods industry
Industry Median: 0.54
vs LMNR: 0.61
Limoneira Co Equity-to-Asset Historical Data
The historical data trend for Limoneira 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.
Competitive Comparison of Limoneira Co's Equity-to-Asset
For the Farm Products subindustry, Limoneira 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.
Limoneira Co's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Limoneira Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Limoneira Co's Equity-to-Asset falls into.
Limoneira 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.
Limoneira Co's Equity to Asset Ratio for the fiscal year that ended in Oct. 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.
Limoneira Co (NAS:LMNR) 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%.
Limoneira Co Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Limoneira Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Limoneira Co is an agribusiness company. The company's operating segments include Fresh Lemons; Lemon Packing; Avocados and Other Agribusiness. It generates maximum revenue from the Fresh Lemons segment.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
LMNR has been successfully added to your 