Speedy Hire (LSE:SDY) Equity-to-Asset : 0.39 (As of Sep. 2023)

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What is Speedy Hire Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Speedy Hire's Total Stockholders Equity for the quarter that ended in Sep. 2023 was £181.9 Mil. Speedy Hire's Total Assets for the quarter that ended in Sep. 2023 was £470.9 Mil. Therefore, Speedy Hire's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.39.

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

LSE:SDY' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.39 Med: 0.48 Max: 0.57
Current: 0.39

During the past 13 years, the highest Equity to Asset Ratio of Speedy Hire was 0.57. The lowest was 0.39. And the median was 0.48.

LSE:SDY's Equity-to-Asset is ranked worse than
64.77% of 1090 companies
in the Business Services industry
Industry Median: 0.5 vs LSE:SDY: 0.39

Speedy Hire Equity-to-Asset Historical Data

The historical data trend for Speedy Hire'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.

* Premium members only.

Speedy Hire Equity-to-Asset Chart

Speedy Hire Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

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0.41

0.43

0.48

0.45

0.39

Speedy Hire Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial															0.48	0.45	0.43	0.39	0.39

Competitive Comparison of Speedy Hire's Equity-to-Asset

For the Rental & Leasing Services subindustry, Speedy Hire'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.

Speedy Hire's Equity-to-Asset Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Speedy Hire's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Speedy Hire's Equity-to-Asset falls into.

Speedy Hire 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.

Speedy Hire's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	184.6	/	476.4
	=	0.39

Speedy Hire's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	181.9	/	470.9
	=	0.39

Speedy Hire (LSE:SDY) 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%.

Speedy Hire Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Speedy Hire's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Speedy Hire (LSE:SDY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Speedy Hire PLC (LSE:SDY) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

SDYl:UK SDY.GB:UK 5HN:Germany

Address

Chase House, 16 The Parks, Newton-le-Willows, Merseyside, GBR, WA12 0JQ

Website

https://www.speedyservices.com

Speedy Hire PLC is a UK-based company engaged in the provision of equipment for hire and sale and associated services to construction, infrastructure, industry, and related industries. It delivers asset management with tailored services and a continued commitment to relationship management. It generates revenue from Hire and related activities followed by services provided. The company's geographical segments are the United Kingdom and Ireland, of which the majority of its revenue comes from the United Kingdom.