Radius Residential Care (NZSE:RAD) Equity-to-Asset : 0.21 (As of Sep. 2023)

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What is Radius Residential Care Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Radius Residential Care's Total Stockholders Equity for the quarter that ended in Sep. 2023 was NZ$74.3 Mil. Radius Residential Care's Total Assets for the quarter that ended in Sep. 2023 was NZ$355.0 Mil. Therefore, Radius Residential Care's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.21.

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

NZSE:RAD' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.09 Med: 0.21 Max: 0.26
Current: 0.21

During the past 4 years, the highest Equity to Asset Ratio of Radius Residential Care was 0.26. The lowest was 0.09. And the median was 0.21.

NZSE:RAD's Equity-to-Asset is ranked worse than
79.2% of 678 companies
in the Healthcare Providers & Services industry
Industry Median: 0.46 vs NZSE:RAD: 0.21

Radius Residential Care Equity-to-Asset Historical Data

The historical data trend for Radius Residential Care'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.

Radius Residential Care Equity-to-Asset Chart

Radius Residential Care Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

0.08

0.09

0.24

0.20

Radius Residential Care Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial			0.26	0.24	0.22	0.20	0.21

Competitive Comparison of Radius Residential Care's Equity-to-Asset

For the Medical Care Facilities subindustry, Radius Residential Care'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.

Radius Residential Care's Equity-to-Asset Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Radius Residential Care's Equity-to-Asset falls into.

Radius Residential Care 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.

Radius Residential Care'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
	=	72.864	/	356.595
	=	0.20

Radius Residential Care'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
	=	74.289	/	355.015
	=	0.21

Radius Residential Care (NZSE:RAD) 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%.

Radius Residential Care Equity-to-Asset Related Terms

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

Radius Residential Care (NZSE:RAD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Radius Residential Care Ltd (NZSE:RAD) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

56 Parnell Road, Level 4, Parnell, Auckland, NTL, NZL, 1052

Website

https://www.radiuscare.co.nz

Radius Residential Care Ltd is a health and aged care provider for elderly and disabled people. The company provides residential care, hospital care, dementia care, respite care, and palliative care. The Company operates in one operating segment being the provision of aged care in New Zealand. Also, the company provides Young Disabled Care services, for those under 65 who require assistance with self-care, mobility and/or communication.

Radius Residential Care (NZSE:RAD) Headlines

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