Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Localiza Rent A Car's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$25,389 Mil. Localiza Rent A Car's Total Assets for the quarter that ended in Dec. 2023 was R$80,947 Mil.
Therefore, Localiza Rent A Car's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.31.
The historical rank and industry rank for Localiza Rent A Car's Equity-to-Asset or its related term are showing as below:
BSP:RENT3'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.22 Med: 0.3 Max: 0.32
Current: 0.31
During the past 13 years, the highest Equity to Asset Ratio of Localiza Rent A Car was 0.32. The lowest was 0.22. And the median was 0.30.
BSP:RENT3's Equity-to-Asset is ranked worse than 73.97% of 1091
companies
in the Business Services industry
Industry Median: 0.49
vs BSP:RENT3: 0.31
Localiza Rent A Car Equity-to-Asset Historical Data
The historical data trend for Localiza Rent A Car'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 Localiza Rent A Car's Equity-to-Asset
For the Rental & Leasing Services subindustry, Localiza Rent A Car'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.
Localiza Rent A Car's Equity-to-Asset Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Localiza Rent A Car's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Localiza Rent A Car's Equity-to-Asset falls into.
Localiza Rent A Car 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.
Localiza Rent A Car'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.
Localiza Rent A Car (BSP:RENT3) 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%.
Localiza Rent A Car Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Localiza Rent A Car's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Localiza Rent A Car (BSP:RENT3) Business Description
Localiza Rent A Car SA is a car rental service provider with the majority of its operations in Brazil. Through its subsidiaries, the company rents cars to individuals, manages corporate car fleets, sells its fleet to the general public, and offers a franchise model. Franchisees account for roughly half of Localize's car rental locations, while the majority of cars accessible with Localize are owned by the company. The fleet rental division has long-term agreements with companies that come up for renewal roughly every two to three years. The car rental segment delivers three-quarters of yearly revenue, and fleet rental makes up the rest, with an insignificant share contributed by the franchise management division.
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