Nine Entertainment Co. Holdings (ASX:NEC) Equity-to-Asset : 0.42 (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Nine Entertainment Co. Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Nine Entertainment Co. Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$1,693 Mil. Nine Entertainment Co. Holdings's Total Assets for the quarter that ended in Dec. 2023 was A$4,045 Mil. Therefore, Nine Entertainment Co. Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.42.

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

ASX:NEC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.42 Med: 0.53 Max: 0.7
Current: 0.42

During the past 10 years, the highest Equity to Asset Ratio of Nine Entertainment Co. Holdings was 0.70. The lowest was 0.42. And the median was 0.53.

ASX:NEC's Equity-to-Asset is ranked worse than
61.23% of 1060 companies
in the Media - Diversified industry
Industry Median: 0.52 vs ASX:NEC: 0.42

Nine Entertainment Co. Holdings Equity-to-Asset Historical Data

The historical data trend for Nine Entertainment Co. 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.

Nine Entertainment Co. Holdings Equity-to-Asset Chart

Nine Entertainment Co. Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Equity-to-Asset

Get a 7-Day Free Trial

0.59

0.48

0.46

0.45

0.42

Nine Entertainment Co. Holdings 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															0.48	0.45	0.45	0.42	0.42

Competitive Comparison of Nine Entertainment Co. Holdings's Equity-to-Asset

For the Entertainment subindustry, Nine Entertainment Co. 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.

Nine Entertainment Co. Holdings's Equity-to-Asset Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Nine Entertainment Co. Holdings's Equity-to-Asset distribution charts can be found below:

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

Nine Entertainment Co. 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.

Nine Entertainment Co. 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
	=	1682.7	/	4015.629
	=	0.42

Nine Entertainment Co. 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
	=	1693.346	/	4044.959
	=	0.42

Nine Entertainment Co. Holdings (ASX:NEC) 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%.

Nine Entertainment Co. Holdings Equity-to-Asset Related Terms

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

Nine Entertainment Co. Holdings (ASX:NEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Nine Entertainment Co. Holdings Ltd (ASX:NEC) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

NEE:Germany

Address

1 Denison Street, Level 9, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.nineforbrands.com.au

Nine Entertainment operates Nine Network, a free-to-air TV network across five capital cities, as well as in regional Northern New South Wales and Darwin. It also owns 9Now, a leading broadcast video on demand operation in Australia. The merger with Fairfax combines Nine's top-ranked TV network and the second-largest newspaper group, topped with a collection of quality digital assets in Nine Digital, subscription video on demand operator Stan, and Fairfax's 60%-owned Domain. It ensures the merged entity remains prominent in the eyes of audiences and advertisers.

Nine Entertainment Co. Holdings (ASX:NEC) Headlines

No Headlines