What is Flight Centre Travel Group Equity-to-Asset?
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Flight Centre Travel Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $778 Mil. Flight Centre Travel Group's Total Assets for the quarter that ended in Dec. 2023 was $2,593 Mil.
Therefore, Flight Centre Travel Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.30.
The historical rank and industry rank for Flight Centre Travel Group's Equity-to-Asset or its related term are showing as below:
FGETF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.21 Med: 0.43 Max: 0.51
Current: 0.3
During the past 13 years, the highest Equity to Asset Ratio of Flight Centre Travel Group was 0.51. The lowest was 0.21. And the median was 0.43.
FGETF's Equity-to-Asset is ranked worse than 69.88% of 840
companies
in the Travel & Leisure industry
Industry Median: 0.465
vs FGETF: 0.30
Flight Centre Travel Group Equity-to-Asset Historical Data
The historical data trend for Flight Centre Travel 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.
Competitive Comparison of Flight Centre Travel Group's Equity-to-Asset
For the Travel Services subindustry, Flight Centre Travel 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.
Flight Centre Travel Group's Equity-to-Asset Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Flight Centre Travel Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Flight Centre Travel Group's Equity-to-Asset falls into.
Flight Centre Travel 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.
Flight Centre Travel Group's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as
* 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.
Flight Centre Travel Group (OTCPK:FGETF) 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%.
Flight Centre Travel Group Equity-to-Asset Related Terms
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Flight Centre Travel Group (Flight Centre Travel Group) Business Description
Flight Centre Travel is one of the largest travel agencies in the world. It operates an large network of shops globally, most of them located in Australia, the United States, and Europe. The group operates across the whole spectrum of the travel services market, including leisure travel retailing, in-destination experiences, corporate travel arrangement, and youth travel retailing. The services are facilitated via some 40 brands, with Flight Centre being the flagship brand in the leisure segment and FCM Travel the key brand in the corporate.
Flight Centre Travel Group (Flight Centre Travel Group) Headlines
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