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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. CareTrust REIT's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,416.8 Mil. CareTrust REIT's Total Assets for the quarter that ended in Dec. 2023 was $2,084.8 Mil. Therefore, CareTrust REIT's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.68.
The historical rank and industry rank for CareTrust REIT's Equity-to-Asset or its related term are showing as below:
During the past 12 years, the highest Equity to Asset Ratio of CareTrust REIT was 0.68. The lowest was 0.24. And the median was 0.54.
The historical data trend for CareTrust REIT'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.
CareTrust REIT Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Equity-to-Asset | Get a 7-Day Free Trial | 0.61 | 0.61 | 0.56 | 0.52 | 0.68 |
CareTrust REIT Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Equity-to-Asset | Get a 7-Day Free Trial | 0.52 | 0.52 | 0.47 | 0.63 | 0.68 |
For the REIT - Healthcare Facilities subindustry, CareTrust REIT'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.
For the REITs industry and Real Estate sector, CareTrust REIT's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where CareTrust REIT'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.
CareTrust REIT'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 |
= | 1416.819 | / | 2084.838 | |
= | 0.68 |
CareTrust REIT'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 |
= | 1416.819 | / | 2084.838 | |
= | 0.68 |
* 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.
CareTrust REIT (NYSE:CTRE) 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%.
Thank you for viewing the detailed overview of CareTrust REIT's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
James Callister | officer: Executive Vice President | 905 CALLE AMANECER, SUITE 300, SAN CLEMENTE CA 92673 |
Anne Olson | director | 800 LASALLE AVENUE, SUITE 1600, MINNEAPOLIS MN 55402 |
Careina D. Williams | director | 905 CALLE AMANECER, SUITE 300, SAN CLEMENTE CA 92673 |
Spencer G Plumb | director | 17140 BERNARDO CENTER DRIVE, SUITE 300, SAN DIEGO CA 92128 |
Diana Laing | director | THE MACERICH COMPANY, 401 WILSHIRE BVLD., STE. 700, SANTA MONICA CA 90401 |
Mark D Lamb | officer: Chief Investment Officer | 905 CALLE AMANECER, SUITE 300, SAN CLEMENTE CA 92673 |
Gary B Sabin | director | 16955 VIA DEL CAMPO SUITE 110, SAN DIEGO CA 92127 |
Jon D Kline | director | 903 CALLE AMANECER, SUITE 100, SAN CLEMENTE CA 92673 |
William M Wagner | officer: See Remarks | 903 CALLE AMANECER, SUITE 100, SAN CLEMENTE CA 92673 |
David M. Sedgwick | officer: Vice President of Operations | 27101 PUERTA REAL, SUITE 450, MISSION VIEJO CA 92691 |
Gregory K. Stapley | director, officer: President and CEO | 27101 PUERTA REAL, SUITE 450, MISSION VIEJO CA 92691 |
Allen Barbieri | director | |
David G. Lindahl | director | 27101 PUERTA REAL, SUITE 400, MISSION VIEJO CA 92691 |
Christopher R. Christensen | director | 27101 PUERTA REAL, SUITE 450, MISSION VIEJO CA 92691 |
Ensign Group, Inc | 10 percent owner | 29222 RANCHO VIEJO RD., SUITE 127, SAN JUAN CAPISTRANO CA 92675 |
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