Leo Palace21 (TSE:8848) Equity-to-Asset : 0.23 (As of Dec. 2023)

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What is Leo Palace21 Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Leo Palace21's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円38,467 Mil. Leo Palace21's Total Assets for the quarter that ended in Dec. 2023 was 円170,741 Mil. Therefore, Leo Palace21's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.23.

The historical rank and industry rank for Leo Palace21's Equity-to-Asset or its related term are showing as below:

TSE:8848' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.11 Med: 0.32 Max: 0.49
Current: 0.23

During the past 13 years, the highest Equity to Asset Ratio of Leo Palace21 was 0.49. The lowest was -0.11. And the median was 0.32.

TSE:8848's Equity-to-Asset is ranked worse than
79.92% of 1833 companies
in the Real Estate industry
Industry Median: 0.44 vs TSE:8848: 0.23

Leo Palace21 Equity-to-Asset Historical Data

The historical data trend for Leo Palace21'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.

Leo Palace21 Equity-to-Asset Chart

Leo Palace21 Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

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0.28

0.01

-0.05

0.01

0.15

Leo Palace21 Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.09	0.15	0.18	0.20	0.23

Competitive Comparison of Leo Palace21's Equity-to-Asset

For the Real Estate Services subindustry, Leo Palace21'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.

Leo Palace21's Equity-to-Asset Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Leo Palace21's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Leo Palace21's Equity-to-Asset falls into.

Leo Palace21 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.

Leo Palace21'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
	=	24401	/	166548
	=	0.15

Leo Palace21's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	38467	/	170741
	=	0.23

Leo Palace21 (TSE:8848) 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%.

Leo Palace21 Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Leo Palace21's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Leo Palace21 (TSE:8848) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Leo Palace21 Corp (TSE:8848) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

MQI:Germany

Address

2-54-11 Honcho, Nakano-ku, Tokyo, JPN, 164-8622

Website

http://www.leopalace21.co.jp

Leo Palace21 Corp has two core businesses: Construction, which builds apartment buildings, and Leasing, which rents and manages units in the apartments that the company builds. Upon completion, Leo Palace21 typically sells buildings to investors and then pays them a fixed rental amount for all the units in the building, whether occupied or not. LeoPalace21 then rents, manages, and maintains the units and keeps all rent from tenants as its own revenue. The company also has an Elderly Care business, which runs nursing facilities, and a Hotel & Resort business. The vast majority of LeoPalace21's revenue comes from the Leasing segment, and more than 90% of the company's revenue is generated in Japan.

Leo Palace21 (TSE:8848) Headlines

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