New Zealand Rural Land Co (NZSE:NZL) Equity-to-Asset : 0.60 (As of Dec. 2023)

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What is New Zealand Rural Land Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. New Zealand Rural Land Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NZ$240.22 Mil. New Zealand Rural Land Co's Total Assets for the quarter that ended in Dec. 2023 was NZ$398.22 Mil. Therefore, New Zealand Rural Land Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.60.

The historical rank and industry rank for New Zealand Rural Land Co's Equity-to-Asset or its related term are showing as below:

NZSE:NZL' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.6 Med: 0.62 Max: 0.65
Current: 0.6

During the past 2 years, the highest Equity to Asset Ratio of New Zealand Rural Land Co was 0.65. The lowest was 0.60. And the median was 0.62.

NZSE:NZL's Equity-to-Asset is ranked better than
71.9% of 1836 companies
in the Real Estate industry
Industry Median: 0.44 vs NZSE:NZL: 0.60

New Zealand Rural Land Co Equity-to-Asset Historical Data

The historical data trend for New Zealand Rural Land Co'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.

New Zealand Rural Land Co Equity-to-Asset Chart

New Zealand Rural Land Co Annual Data

Trend

Jun22

Dec23

Equity-to-Asset

0.65

0.60

New Zealand Rural Land Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	0.60	0.65	0.64	0.59	0.60

Competitive Comparison of New Zealand Rural Land Co's Equity-to-Asset

For the Real Estate Services subindustry, New Zealand Rural Land Co'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.

New Zealand Rural Land Co's Equity-to-Asset Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, New Zealand Rural Land Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where New Zealand Rural Land Co's Equity-to-Asset falls into.

New Zealand Rural Land Co 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.

New Zealand Rural Land Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	240.22	/	398.224
	=	0.60

New Zealand Rural Land Co'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
	=	240.22	/	398.224
	=	0.60

New Zealand Rural Land Co (NZSE:NZL) 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%.

New Zealand Rural Land Co Equity-to-Asset Related Terms

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

New Zealand Rural Land Co (NZSE:NZL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » New Zealand Rural Land Co Ltd (NZSE:NZL) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

8UK:Germany

Address

c/o Duncan Cotterill, Level 2, Chartered Accountants, 50 Customhouse Quay, Wellington, NZL, 6011

Website

https://www.nzrlc.co.nz

New Zealand Rural Land Co Ltd operates as a real estate company that offers investors exposure to rural land as an asset class without direct involvement in agricultural operations. Its principal activity is an investment in New Zealand's rural farmland. The company seeks an opportunity to focus on dairyland, due to a combination of recent legislative and bank lending changes.

New Zealand Rural Land Co (NZSE:NZL) Headlines

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