Le Merite Exports (NSE:LEMERITE) Equity-to-Asset : 0.43 (As of Sep. 2023)

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What is Le Merite Exports Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Le Merite Exports's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹941 Mil. Le Merite Exports's Total Assets for the quarter that ended in Sep. 2023 was ₹2,197 Mil. Therefore, Le Merite Exports's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.43.

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

NSE:LEMERITE' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.25 Med: 0.31 Max: 0.62
Current: 0.43

During the past 5 years, the highest Equity to Asset Ratio of Le Merite Exports was 0.62. The lowest was 0.25. And the median was 0.31.

NSE:LEMERITE's Equity-to-Asset is ranked worse than
62.95% of 1085 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.52 vs NSE:LEMERITE: 0.43

Le Merite Exports Equity-to-Asset Historical Data

The historical data trend for Le Merite Exports'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.

Le Merite Exports Equity-to-Asset Chart

Le Merite Exports Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

0.25

0.31

0.27

0.26

0.46

Le Merite Exports Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial			-	0.26	0.62	0.46	0.43

Competitive Comparison of Le Merite Exports's Equity-to-Asset

For the Textile Manufacturing subindustry, Le Merite Exports'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.

Le Merite Exports's Equity-to-Asset Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Le Merite Exports's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Le Merite Exports's Equity-to-Asset falls into.

Le Merite Exports 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.

Le Merite Exports'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
	=	937.223	/	2020.211
	=	0.46

Le Merite Exports'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
	=	941.175	/	2196.633
	=	0.43

Le Merite Exports (NSE:LEMERITE) 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%.

Le Merite Exports Equity-to-Asset Related Terms

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

Le Merite Exports (NSE:LEMERITE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Le Merite Exports Ltd (NSE:LEMERITE) » Definitions » Equity-to-Asset

Traded in Other Exchanges

N/A

Address

1 st Floor, Chandivali Farm Road, B1-104D, Boomerang, Powai, Andheri- East, Mumbai, MH, IND, 400072

Website

https://www.lemeriteexports.com

Le Merite Exports Ltd is engaged in the manufacturing and trading of textile products namely cotton yarn, greige fabric, and finished fabric for domestic and export sales. The reportable segment for the Company is Textile Business.

Le Merite Exports (NSE:LEMERITE) Headlines

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