Scentre Group (ASX:SCG) Equity-to-Asset : 0.50 (As of Dec. 2023)

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What is Scentre Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Scentre Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$17,841 Mil. Scentre Group's Total Assets for the quarter that ended in Dec. 2023 was A$35,672 Mil. Therefore, Scentre Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.50.

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

ASX:SCG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.5 Med: 0.54 Max: 0.6
Current: 0.5

During the past 13 years, the highest Equity to Asset Ratio of Scentre Group was 0.60. The lowest was 0.50. And the median was 0.54.

ASX:SCG's Equity-to-Asset is ranked worse than
63.41% of 861 companies
in the REITs industry
Industry Median: 0.57 vs ASX:SCG: 0.50

Scentre Group Equity-to-Asset Historical Data

The historical data trend for Scentre Group'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.

Scentre Group Equity-to-Asset Chart

Scentre Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.59

0.50

0.52

0.50

Scentre Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.52	0.52	0.50	0.50	0.50

Competitive Comparison of Scentre Group's Equity-to-Asset

For the REIT - Retail subindustry, Scentre Group'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.

Scentre Group's Equity-to-Asset Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Scentre Group's Equity-to-Asset distribution charts can be found below:

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

Scentre Group 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.

Scentre Group'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
	=	17841.3	/	35671.5
	=	0.50

Scentre Group'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
	=	17841.3	/	35671.5
	=	0.50

Scentre Group (ASX:SCG) 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%.

Scentre Group Equity-to-Asset Related Terms

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

Scentre Group (ASX:SCG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Scentre Group (ASX:SCG) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

STGPF:USA

Address

85 Castlereagh Street, Level 30, Sydney, NSW, AUS, 2000

Website

https://www.scentregroup.com

Scentre Group owns the largest portfolio of premium Australian and New Zealand shopping malls, owning most of the top 10 Australian and top five New Zealand malls. About half its rent comes from anchor tenants and half from specialty tenants. About a third of floor space is currently allocated to department stores, however we expect tenants to return a reasonable portion of that space over the next decade, or alternatively, department store rent to be renegotiated to lower levels. While almost every Scentre mall is anchored by at least one supermarket, these tenants accounts for less than 10% of gross lettable area, due to the large size of Scentre's assets.