LGACU (Lazard Growth Acquisition I) Total Assets : $579.20 Mil (As of Sep. 2022)

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What is Lazard Growth Acquisition I Total Assets?

Lazard Growth Acquisition I's Total Assets for the quarter that ended in Sep. 2022 was $579.20 Mil.

During the past 12 months, Lazard Growth Acquisition I's average Total Assets Growth Rate was 0.50% per year.

Total Assets is connected with ROA %. Lazard Growth Acquisition I's annualized ROA % for the quarter that ended in Sep. 2022 was 4.60%. Total Assets is also linked to Revenue through Asset Turnover. Lazard Growth Acquisition I's Asset Turnover for the quarter that ended in Sep. 2022 was 0.00.

Lazard Growth Acquisition I Total Assets Historical Data

The historical data trend for Lazard Growth Acquisition I's Total Assets 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.

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Lazard Growth Acquisition I Total Assets Chart

Lazard Growth Acquisition I Annual Data

Trend

Dec20

Dec21

Total Assets

0.66

576.75

Lazard Growth Acquisition I Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Total Assets	Get a 7-Day Free Trial			576.40	576.75	576.17	576.83	579.20

Lazard Growth Acquisition I Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Lazard Growth Acquisition I's Total Assets for the fiscal year that ended in Dec. 2021 is calculated as

Total Assets	=	Total Equity (A: Dec. 2021 )	+	Total Liabilities (A: Dec. 2021 )
	=	532.542	+	44.208
	=	576.75

Lazard Growth Acquisition I's Total Assets for the quarter that ended in Sep. 2022 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2022 )	+	Total Liabilities (Q: Sep. 2022 )
	=	551.772	+	27.431
	=	579.20

Lazard Growth Acquisition I (NAS:LGACU) Total Assets Explanation

Total Assets is connected with ROA %.

Lazard Growth Acquisition I's annualized ROA % for the quarter that ended in Sep. 2022 is

ROA %	=	Net Income (Q: Sep. 2022 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Sep. 2022 ))	/ count )
	=	26.588	/	( (576.828	+	579.203)	/ 2 )
	=	26.588	/	578.0155
	=	4.60 %

Note: The Net Income data used here is four times the quarterly (Sep. 2022) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Lazard Growth Acquisition I's Asset Turnover for the quarter that ended in Sep. 2022 is

	Asset Turnover
=	Revenue (Q: Sep. 2022 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Sep. 2022 ))	/ count )
=	0	/	( (576.828	+	579.203)	/ 2 )
=	0	/	578.0155
=	0.00

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Lazard Growth Acquisition I Total Assets Related Terms

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Lazard Growth Acquisition I Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Lazard Growth Acquisition Corp I (NAS:LGACU) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Rockefeller Plaza, New York, NY, USA, 10112

Website

https://lazardltd.gcs-web.com

Lazard Growth Acquisition Corp I is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.

Executives

Philip A Hadley	director	FACTSET RESEARCH SYSTEMS, ONE GREENWICH PLAZA, GREENWICH CT 06830
Alexander F. Stern	director, officer: EXECUTIVE CHAIRMAN	C/O LAZARD LTD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10020
Adam T. Berlew	director	501 NORTH BROADWAY, ST. LOUIS MO 63102
Selina Tobaccowala	director	C/O REDFIN CORPORATION, 1099 STEWART STREET, SUITE 600, SEATTLE WA 98101
Noreen Henig	director	C/O KEZAR LIFE SCIENCES, INC., 4000 SHORELINE COURT, SUITE 300, SOUTH SAN FRANCISCO CA 94080
Lazard Ltd	director, 10 percent owner	CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM II
Lazard Group Llc	director, 10 percent owner	30 ROCKEFELLER PLAZA, NEW YORK NY 10020
Eyal Ofir	director, officer: CHIEF EXECUTIVE OFFICER	181 EDWARDS STREET, NEW HAVEN CT 06511
Pierre-yves Cros	director	C/O LAZARD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Lgaco 1 Llc	director, 10 percent owner	30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Mary Ann Deignan	director, officer: CHIEF FINANCIAL OFFICER	30 ROCKEFELLER CENTER, LAZARD FRERES, NEW YORK NY 10112
Lga Holdco Llc	director, 10 percent owner	30 ROCKEFELLER PLAZA, NEW YORK NY 10112

Lazard Growth Acquisition I Headlines

From GuruFocus

Lazard Growth Acquisition Corp. I Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination

By Business Wire Business Wire • 02-09-2023