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Reef Casino Trust (ASX:RCT) Equity-to-Asset : 0.11 (As of Jun. 2024)


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What is Reef Casino Trust Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Reef Casino Trust's Total Stockholders Equity for the quarter that ended in Jun. 2024 was A$10.60 Mil. Reef Casino Trust's Total Assets for the quarter that ended in Jun. 2024 was A$100.86 Mil. Therefore, Reef Casino Trust's Equity to Asset Ratio for the quarter that ended in Jun. 2024 was 0.11.

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

ASX:RCT' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.19   Med: 0.11   Max: 0.13
Current: 0.11

During the past 13 years, the highest Equity to Asset Ratio of Reef Casino Trust was 0.13. The lowest was -0.19. And the median was 0.11.

ASX:RCT's Equity-to-Asset is ranked worse than
86.23% of 835 companies
in the Travel & Leisure industry
Industry Median: 0.49 vs ASX:RCT: 0.11

Reef Casino Trust Equity-to-Asset Historical Data

The historical data trend for Reef Casino Trust'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.

Reef Casino Trust Equity-to-Asset Chart

Reef Casino Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.12 0.09 0.12 0.13 0.11

Reef Casino Trust Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.12 0.13 0.11 0.11 0.11

Competitive Comparison of Reef Casino Trust's Equity-to-Asset

For the Resorts & Casinos subindustry, Reef Casino Trust'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.


Reef Casino Trust's Equity-to-Asset Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Reef Casino Trust's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Reef Casino Trust's Equity-to-Asset falls into.



Reef Casino Trust 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.

Reef Casino Trust'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
=11.509/102.552
=0.11

Reef Casino Trust's Equity to Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

Equity to Asset (Q: Jun. 2024 )=Total Stockholders Equity/Total Assets
=10.603/100.859
=0.11

* 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.


Reef Casino Trust  (ASX:RCT) 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%.


Reef Casino Trust Equity-to-Asset Related Terms

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


Reef Casino Trust Business Description

Traded in Other Exchanges
N/A
Address
35 - 41 Wharf Street, PO Box 7320, Cairns, QLD, AUS, 4870
Reef Casino Trust is engaged in the operation of the reef hotel-casino complex located in Cairns, Queensland, Australia. The company derives revenue from the casino which includes electronic gaming and table games, and the hotel which includes room accommodation and food and beverage. The majority of the revenue is generated from the rental income received from the casino operations.

Reef Casino Trust Headlines

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