Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Liberty Formula One Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $6,419 Mil. Liberty Formula One Group's Total Assets for the quarter that ended in Dec. 2023 was $10,267 Mil.
Therefore, Liberty Formula One Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.63.
The historical rank and industry rank for Liberty Formula One Group's Equity-to-Asset or its related term are showing as below:
FWONK'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.37 Med: 0.51 Max: 0.63
Current: 0.63
During the past 13 years, the highest Equity to Asset Ratio of Liberty Formula One Group was 0.63. The lowest was 0.37. And the median was 0.51.
FWONK's Equity-to-Asset is ranked better than 65.25% of 1059
companies
in the Media - Diversified industry
Industry Median: 0.52
vs FWONK: 0.63
Liberty Formula One Group Equity-to-Asset Historical Data
The historical data trend for Liberty Formula One Group'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.
Liberty Formula One Group Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Equity-to-Asset
0.46
0.59
0.54
0.63
0.63
Liberty Formula One Group 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
0.63
0.62
0.62
0.60
0.63
Competitive Comparison
For the Entertainment subindustry, Liberty Formula One Group'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.
Liberty Formula One Group Equity-to-Asset Distribution
For the Media - Diversified industry and Communication Services sector, Liberty Formula One Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Liberty Formula One Group's Equity-to-Asset falls into.
Liberty Formula One Group 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.
Liberty Formula One Group'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.
Liberty Formula One Group (NAS:FWONK) 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%.
Liberty Formula One Group Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Liberty Formula One Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Liberty Formula One Group (Liberty Formula One Group) Business Description
Formula One Group controls the exclusive commercial and promotional rights to the FIA Formula One World Championship series, and the monetization of those rights is the primary business of the group. The firm is responsible for development and promotion of the Formula One race series in concert with its three partners: the FIA (the regulatory body), the teams that participate in the series, and the series' commercial partners, which include the race promoters, broadcasters, sponsors, and advertisers. The F1 schedule in 2023 will encompass 23 races held on five continents. Formula One Group is a subsidiary of Liberty Media, which purchased the firm in January 2017. Formula One stock is a tracking stock for the assets under Formula One Group with Liberty Media.
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