Oceania Healthcare (NZSE:OCA) Equity-to-Asset : 0.38 (As of Sep. 2023)

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What is Oceania Healthcare Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Oceania Healthcare's Total Stockholders Equity for the quarter that ended in Sep. 2023 was NZ$1,017.3 Mil. Oceania Healthcare's Total Assets for the quarter that ended in Sep. 2023 was NZ$2,689.8 Mil. Therefore, Oceania Healthcare's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.38.

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

NZSE:OCA' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.38 Med: 0.43 Max: 0.51
Current: 0.38

During the past 6 years, the highest Equity to Asset Ratio of Oceania Healthcare was 0.51. The lowest was 0.38. And the median was 0.43.

NZSE:OCA's Equity-to-Asset is ranked worse than
59.91% of 676 companies
in the Healthcare Providers & Services industry
Industry Median: 0.46 vs NZSE:OCA: 0.38

Oceania Healthcare Equity-to-Asset Historical Data

The historical data trend for Oceania Healthcare'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.

Oceania Healthcare Equity-to-Asset Chart

Oceania Healthcare Annual Data

Trend

May17

May18

May19

May20

Mar22

Mar23

Equity-to-Asset

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0.47

0.44

0.38

0.43

0.38

Oceania Healthcare Semi-Annual Data
	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	Sep21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial								0.44	0.43	0.39	0.38	0.38

Competitive Comparison of Oceania Healthcare's Equity-to-Asset

For the Medical Care Facilities subindustry, Oceania Healthcare'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.

Oceania Healthcare's Equity-to-Asset Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Oceania Healthcare's Equity-to-Asset distribution charts can be found below:

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

Oceania Healthcare 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.

Oceania Healthcare's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	962.26	/	2544.94
	=	0.38

Oceania Healthcare's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1017.313	/	2689.79
	=	0.38

Oceania Healthcare (NZSE:OCA) 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%.

Oceania Healthcare Equity-to-Asset Related Terms

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

Oceania Healthcare (NZSE:OCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Oceania Healthcare Ltd (NZSE:OCA) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

OCA:Australia

Address

80 Queen Street, Level 11, Deloitte Building, Auckland, NTL, NZL, 1010

Website

https://www.oceaniahealthcare.co.nz

Oceania Healthcare Ltd owns and operates rest homes and retirement villages. The business activities of the group are operated through care operations, village operations, and Other segments. It generates maximum revenue from the care operations segment which includes traditional care beds and care suites as well as provision of accommodation, care and care packages, meals, and related services to aged care residents. Geographically it operates through New Zealand. The company derives revenue from Rest home, hospital, dementia fees, Village service fees, Rental income, and others.