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Lazard Growth Acquisition I (Lazard Growth Acquisition I) Liabilities-to-Assets : 0.05 (As of Sep. 2022)


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What is Lazard Growth Acquisition I Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Lazard Growth Acquisition I's Total Liabilities for the quarter that ended in Sep. 2022 was $27.43 Mil. Lazard Growth Acquisition I's Total Assets for the quarter that ended in Sep. 2022 was $579.20 Mil. Therefore, Lazard Growth Acquisition I's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2022 was 0.05.


Lazard Growth Acquisition I Liabilities-to-Assets Historical Data

The historical data trend for Lazard Growth Acquisition I's Liabilities-to-Assets 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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Lazard Growth Acquisition I Liabilities-to-Assets Chart

Lazard Growth Acquisition I Annual Data
Trend Dec20 Dec21
Liabilities-to-Assets
0.97 0.08

Lazard Growth Acquisition I Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Liabilities-to-Assets Get a 7-Day Free Trial 0.07 0.08 0.06 0.06 0.05

Competitive Comparison of Lazard Growth Acquisition I's Liabilities-to-Assets

For the Shell Companies subindustry, Lazard Growth Acquisition I's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.


Lazard Growth Acquisition I's Liabilities-to-Assets Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Lazard Growth Acquisition I's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Lazard Growth Acquisition I's Liabilities-to-Assets falls into.



Lazard Growth Acquisition I Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Lazard Growth Acquisition I's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

Liabilities-to-Assets (A: Dec. 2021 )=Total Liabilities/Total Assets
=44.208/576.75
=0.08

Lazard Growth Acquisition I's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2022 is calculated as

Liabilities-to-Assets (Q: Sep. 2022 )=Total Liabilities/Total Assets
=27.431/579.203
=0.05

* 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.


Lazard Growth Acquisition I  (NAS:LGACW) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


Lazard Growth Acquisition I Liabilities-to-Assets Related Terms

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Lazard Growth Acquisition I (Lazard Growth Acquisition I) Business Description

Traded in Other Exchanges
N/A
Address
30 Rockefeller Plaza, New York, NY, USA, 10112
Lazard Growth Acquisition Corp I is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.

Lazard Growth Acquisition I (Lazard Growth Acquisition I) Headlines