Equity to Asset ratio is calculated as total stockholders equity divided by total asset. ReadyTech Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2024 was A$137.3 Mil. ReadyTech Holdings's Total Assets for the quarter that ended in Dec. 2024 was A$238.4 Mil.
Therefore, ReadyTech Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2024 was 0.58.
The historical rank and industry rank for ReadyTech Holdings's Equity-to-Asset or its related term are showing as below:
ASX:RDY'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.31 Med: 0.5 Max: 0.58
Current: 0.58
During the past 6 years, the highest Equity to Asset Ratio of ReadyTech Holdings was 0.58. The lowest was 0.31. And the median was 0.50.
ASX:RDY's Equity-to-Asset is ranked better than 54.6% of 2846
companies
in the Software industry
Industry Median: 0.55
vs ASX:RDY: 0.58
ReadyTech Holdings Equity-to-Asset Historical Data
The historical data trend for ReadyTech 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.
Competitive Comparison of ReadyTech Holdings's Equity-to-Asset
For the Software - Application subindustry, ReadyTech 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.
ReadyTech Holdings's Equity-to-Asset Distribution in the Software Industry
For the Software industry and Technology sector, ReadyTech Holdings's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where ReadyTech Holdings's Equity-to-Asset falls into.
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.
ReadyTech Holdings's Equity to Asset Ratio for the fiscal year that ended in Jun. 2024 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.
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%.
ReadyTech Holdings Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of ReadyTech Holdings's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
ReadyTech Holdings Ltd is a provider of people management software for educators, employers, and facilitators of career transitions. Its products are JR Plus, A2E, HR3, ePayroll, JR Gov, Aussiepay, and others. The company's operating segments include Education and Work pathways, Workforce Solutions, and Government and Justice. It generates maximum revenue from the Government and Justice. The education segment mainly provides products and services to tertiary education providers. Its Workforce segment provides products and services to a mid-sized company across various industries. The Government division provides government and justice case management software as a service solution to local governments, state governments, and justice departments.
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