Logistics Innovation Technologies (Logistics Innovation Technologies) Equity-to-Asset : 0.96 (As of Mar. 2023)

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What is Logistics Innovation Technologies Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Logistics Innovation Technologies's Total Stockholders Equity for the quarter that ended in Mar. 2023 was $333.34 Mil. Logistics Innovation Technologies's Total Assets for the quarter that ended in Mar. 2023 was $348.89 Mil.

The historical rank and industry rank for Logistics Innovation Technologies's Equity-to-Asset or its related term are showing as below:

LITTU' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.83 Med: 0.95 Max: 0.96
Current: 0.96

During the past 2 years, the highest Equity to Asset Ratio of Logistics Innovation Technologies was 0.96. The lowest was 0.83. And the median was 0.95.

LITTU's Equity-to-Asset is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.81 vs LITTU: 0.96

Logistics Innovation Technologies Equity-to-Asset Historical Data

The historical data trend for Logistics Innovation Technologies'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.

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Logistics Innovation Technologies Equity-to-Asset Chart

Logistics Innovation Technologies Annual Data

Trend

Dec21

Dec22

Equity-to-Asset

0.92

0.96

Logistics Innovation Technologies Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Equity-to-Asset	Get a 7-Day Free Trial				0.95	0.96	0.96	0.96	0.96

Competitive Comparison of Logistics Innovation Technologies's Equity-to-Asset

For the Shell Companies subindustry, Logistics Innovation Technologies'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.

Logistics Innovation Technologies's Equity-to-Asset Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Logistics Innovation Technologies's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Logistics Innovation Technologies's Equity-to-Asset falls into.

Logistics Innovation Technologies 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.

Logistics Innovation Technologies's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	332.066	/	345.499
	=

Logistics Innovation Technologies's Equity to Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

Equity to Asset (Q: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	333.343	/	348.892
	=

Logistics Innovation Technologies (NAS:LITTU) 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%.

Logistics Innovation Technologies Equity-to-Asset Related Terms

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