RAS Technology Holdings (ASX:RTH) Equity-to-Asset : 0.65 (As of Jun. 2024)

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What is RAS Technology Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. RAS Technology Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2024 was A$12.60 Mil. RAS Technology Holdings's Total Assets for the quarter that ended in Jun. 2024 was A$19.47 Mil. Therefore, RAS Technology Holdings's Equity to Asset Ratio for the quarter that ended in Jun. 2024 was 0.65.

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

ASX:RTH' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.65 Med: 0.73 Max: 0.78
Current: 0.65

During the past 4 years, the highest Equity to Asset Ratio of RAS Technology Holdings was 0.78. The lowest was 0.65. And the median was 0.73.

ASX:RTH's Equity-to-Asset is ranked better than
64.31% of 2833 companies
in the Software industry
Industry Median: 0.55 vs ASX:RTH: 0.65

RAS Technology Holdings Equity-to-Asset Historical Data

The historical data trend for RAS Technology 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.

RAS Technology Holdings Equity-to-Asset Chart

RAS Technology Holdings Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Equity-to-Asset

0.78

0.76

0.70

0.65

RAS Technology Holdings Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Equity-to-Asset	Get a 7-Day Free Trial			0.76	0.73	0.70	0.71	0.65

Competitive Comparison of RAS Technology Holdings's Equity-to-Asset

For the Software - Infrastructure subindustry, RAS Technology 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.

RAS Technology Holdings's Equity-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, RAS Technology Holdings's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where RAS Technology Holdings's Equity-to-Asset falls into.

RAS Technology 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.

RAS Technology Holdings's Equity to Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

Equity to Asset (A: Jun. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	12.596	/	19.469
	=	0.65

RAS Technology Holdings'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
	=	12.596	/	19.469
	=	0.65

RAS Technology Holdings (ASX:RTH) 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%.

RAS Technology Holdings Equity-to-Asset Related Terms

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

RAS Technology Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » RAS Technology Holdings Ltd (ASX:RTH) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Wentworth Avenue, Unit 4, Mezzanine Level, Kingston, ACT, AUS, 2604

Website

https://racingandsports.company

RAS Technology Holdings Ltd is a provider of fully integrated premium data, enhanced content, SaaS solutions, and digital and media services to the global racing and wagering industries. Geographically the company operates in Australia, the United Kingdom, the United States, and the Rest of the World. The company generates the majority of its revenue from Australia.