Leslies Inc (LESL) - Net Assets
Based on the latest financial reports, Leslies Inc (LESL) has net assets worth $-489.85 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($649.44 Million) and total liabilities ($1.14 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check LESL cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-489.85 Million |
| % of Total Assets | -75.43% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Leslies Inc - Net Assets Trend (2018–2025)
This chart illustrates how Leslies Inc's net assets have evolved over time, based on quarterly financial data. See LESL days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Leslies Inc (2018–2025)
The table below shows the annual net assets of Leslies Inc from 2018 to 2025. For live valuation and market cap data, see Leslies Inc stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $-407.99 Million | -130.31% |
| 2024-09-30 | $-177.15 Million | -9.78% |
| 2023-09-30 | $-161.36 Million | +18.48% |
| 2022-09-30 | $-197.95 Million | +9.01% |
| 2021-09-30 | $-217.56 Million | +73.69% |
| 2020-09-30 | $-827.00 Million | +6.80% |
| 2019-09-30 | $-887.36 Million | +0.18% |
| 2018-09-30 | $-888.95 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Leslies Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 8595300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $9.00K | % |
| Other Components | $113.17 Million | % |
| Total Equity | $-407.99 Million | 100.00% |
Leslies Inc Competitors by Market Cap
The table below lists competitors of Leslies Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Carlin Gold Corporation
V:CGD
|
$9.60 Million |
|
Rail Vision Ltd. Ordinary Share
NASDAQ:RVSN
|
$9.60 Million |
|
Redivium Ltd
AU:RIL
|
$9.61 Million |
|
NEWMARK SECURITY LS-005
F:NN10
|
$9.61 Million |
|
Fusion Fuel Green PLC
NASDAQ:HTOO
|
$9.60 Million |
|
LABORATORIO FARMAC.ERFO
F:RK7
|
$9.59 Million |
|
CoinSmart Financial Inc
NEO:SMRT
|
$9.59 Million |
|
Gix Internet Ltd
TA:GIX
|
$9.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Leslies Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -177,149,000 to -407,992,000, a change of -230,843,000.
- Net loss of 236,970,000 reduced equity.
- Other factors increased equity by 6,127,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-236.97 Million | -58.08% |
| Other Changes | $6.13 Million | +1.5% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Leslies Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-09-30 | $-95.28 | $7.68 | x |
| 2019-09-30 | $-95.10 | $7.68 | x |
| 2020-09-30 | $-88.64 | $7.68 | x |
| 2021-09-30 | $-22.90 | $7.68 | x |
| 2022-09-30 | $-21.27 | $7.68 | x |
| 2023-09-30 | $-17.47 | $7.68 | x |
| 2024-09-30 | $-19.18 | $7.68 | x |
| 2025-09-30 | $-43.92 | $7.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Leslies Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -19.08%
- • Asset Turnover: 1.67x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (0.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | 1.92% | 1.97x | 0.00x | $106.02 Million |
| 2019 | 0.00% | 0.08% | 1.93x | 0.00x | $89.44 Million |
| 2020 | 0.00% | 5.27% | 1.49x | 0.00x | $141.26 Million |
| 2021 | 0.00% | 9.43% | 1.29x | 0.00x | $148.39 Million |
| 2022 | 0.00% | 10.18% | 1.41x | 0.00x | $178.82 Million |
| 2023 | 0.00% | 1.88% | 1.40x | 0.00x | $43.38 Million |
| 2024 | 0.00% | -1.76% | 1.27x | 0.00x | $-5.66 Million |
| 2025 | 0.00% | -19.08% | 1.67x | 0.00x | $-196.17 Million |
Industry Comparison
This section compares Leslies Inc's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $724,168,096
- Average return on equity (ROE) among peers: 32.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Leslies Inc (LESL) | $-489.85 Million | 0.00% | N/A | $9.60 Million |
| Able View Global Inc. Class B Ordinary Shares (ABLV) | $7.74 Million | 76.78% | 1.27x | $26.97 Million |
| Arhaus Inc (ARHS) | $3.03 Million | 248.25% | 87.69x | $371.16 Million |
| Arko Corp (ARKO) | $217.91 Million | -2.67% | 2.71x | $770.72 Million |
| Academy Sports Outdoors Inc (ASO) | $857.04 Million | 2.50% | 2.78x | $3.20 Billion |
| BARK, Inc. (BARK) | $-46.01 Million | 0.00% | 0.00x | $73.19 Million |
| Build-A-Bear Workshop Inc (BBW) | $93.68 Million | 50.45% | 1.87x | $397.54 Million |
| Bath & Body Works Inc. (BBWI) | $2.15 Billion | 10.13% | 1.00x | $3.86 Billion |
| Best Buy Co. Inc (BBY) | $3.61 Billion | 27.69% | 2.61x | $13.82 Billion |
| Big 5 Sporting Goods Corporation (BGFV) | $268.78 Million | 9.72% | 1.64x | $33.00 Million |
| Barnes & Noble Education Inc (BNED) | $80.40 Million | -94.22% | 10.32x | $250.98 Million |
About Leslies Inc
Leslie's, Inc. operates as a direct-to-consumer pool and spa care brand in the United States. The company markets and sells pool and spa supplies and related products and services. It also offers various pool and spa maintenance items, such as chemicals, equipment and parts, and cleaning accessories, as well as safety, recreational, and fitness related products. In addition, the company provides … Read more