Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Lightning eMotors's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-24.61 Mil. Lightning eMotors's Total Assets for the quarter that ended in Sep. 2023 was $55.70 Mil.
Therefore, Lightning eMotors's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was -0.44.
The historical rank and industry rank for Lightning eMotors's Equity-to-Asset or its related term are showing as below:
ZEVY'
s Equity-to-Asset Range Over the Past 10 Years
Min: -3.85 Med: 0.12 Max: 0.38
Current: -0.44
During the past 4 years, the highest Equity to Asset Ratio of Lightning eMotors was 0.38. The lowest was -3.85. And the median was 0.12.
ZEVY's Equity-to-Asset is ranked worse than 98.09% of 209
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.47
vs ZEVY: -0.44
Lightning eMotors Equity-to-Asset Historical Data
The historical data trend for Lightning eMotors'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.
For the Farm & Heavy Construction Machinery subindustry, Lightning eMotors'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.
Lightning eMotors Equity-to-Asset Distribution
For the Farm & Heavy Construction Machinery industry and Industrials sector, Lightning eMotors's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Lightning eMotors's Equity-to-Asset falls into.
Lightning eMotors 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.
Lightning eMotors's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 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%.
Lightning eMotors Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Lightning eMotors's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Lightning eMotors (Lightning eMotors) Business Description
Lightning eMotors Inc is engaged in designing and manufacturing zero-emission commercial trucks and buses and charging infrastructure solutions for fleets, large enterprises, original equipment manufacturers, and governments. Its product offerings range from cargo vans, transit and shuttle buses, school buses, specialty work trucks, ambulances, and electric powertrains for school buses, transit buses, and motor coaches. Its product solutions help its customers reduce their greenhouse gas emissions, lower operating costs and improve energy efficiency.
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