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Lazard Growth Acquisition I (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.

* Premium members only.

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

* 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.

Lazard Growth Acquisition I  (NAS:LGACW) 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

* 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.

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 (Lazard Growth Acquisition I) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Lazard Growth Acquisition Corp I (NAS:LGACW) » Definitions » Total Assets
Comparable Companies
SLAM MSDA SCOA LMACA GOAC FPAC HIII CCVI BTWN WPCB GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
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.

Lazard Growth Acquisition I (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