Adrad Holdings (ASX:AHL) Equity-to-Asset : 0.63 (As of Dec. 2023)

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What is Adrad Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Adrad Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$119.3 Mil. Adrad Holdings's Total Assets for the quarter that ended in Dec. 2023 was A$190.2 Mil. Therefore, Adrad Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.63.

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

ASX:AHL' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.61 Med: 0.62 Max: 0.63
Current: 0.63

During the past 1 years, the highest Equity to Asset Ratio of Adrad Holdings was 0.63. The lowest was 0.61. And the median was 0.62.

ASX:AHL's Equity-to-Asset is ranked better than
62.47% of 3035 companies
in the Industrial Products industry
Industry Median: 0.56 vs ASX:AHL: 0.63

Adrad Holdings Equity-to-Asset Historical Data

The historical data trend for Adrad Holdings'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.

Adrad Holdings Equity-to-Asset Chart

Adrad Holdings Annual Data

Trend

Jun23

Equity-to-Asset

0.62

Adrad Holdings Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23
Equity-to-Asset	0.62	0.61	0.62	0.63

Competitive Comparison of Adrad Holdings's Equity-to-Asset

For the Specialty Industrial Machinery subindustry, Adrad Holdings'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.

Adrad Holdings's Equity-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Adrad Holdings's Equity-to-Asset distribution charts can be found below:

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

Adrad Holdings 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.

Adrad Holdings's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	116.886	/	189.589
	=	0.62

Adrad Holdings'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
	=	119.264	/	190.23
	=	0.63

Adrad Holdings (ASX:AHL) 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%.

Adrad Holdings Equity-to-Asset Related Terms

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

Adrad Holdings (ASX:AHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Adrad Holdings Ltd (ASX:AHL) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Howards Road, Beverley, SA, AUS, 5009

Website

https://www.adradholdings.com.au

Adrad Holdings Ltd designs and manufactures a wide variety of original equipment and aftermarket heat exchange products for both mobile and stationary applications. The company operates in two segments which include Heat Transfer Solutions, and Automotive Aftermarket. Heat Transfer Solutions designs and manufactures industrial cooling solutions for use in road transport and heavy vehicles, mining, power generation, data centers, and rail industries. Automotive Aftermarket manufactures, imports, and distributes radiators, mobile and stationary heat exchange products, and a variety of automotive parts for the Australian and New Zealand automotive and industrial markets.