The historical rank and industry rank for Goodman Property Trust's Equity-to-Asset or its related term are showing as below:
NZSE:GMT'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.62 Med: 0.7 Max: 0.78
Current: 0.66
During the past 13 years, the highest Equity to Asset Ratio of Goodman Property Trust was 0.78. The lowest was 0.62. And the median was 0.70.
NZSE:GMT's Equity-to-Asset is ranked better than 65.81% of 860
companies
in the REITs industry
Industry Median: 0.57
vs NZSE:GMT: 0.66
Goodman Property Trust Equity-to-Asset Historical Data
The historical data trend for Goodman Property 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.
Competitive Comparison of Goodman Property Trust's Equity-to-Asset
For the REIT - Industrial subindustry, Goodman Property 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.
Goodman Property Trust's Equity-to-Asset Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Goodman Property Trust's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Goodman Property Trust'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.
Goodman Property Trust's Equity to Asset Ratio for the fiscal year that ended in Mar. 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%.
Goodman Property Trust Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Goodman Property Trust's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Goodman Property Trust (NZSE:GMT) Business Description
Goodman Property Trust is one of New Zealand's property trusts, with a portfolio composed of industrial estates, businesses, and a development bank. After selling its Christchurch assets, Goodman is 100% Auckland-centric. The focus over the next few years will be on selling lower-quality assets and redeploying capital to industrial property in strategically important locations. The investment strategy is premised on management's view that industrial assets in premium locations will generate superior long-term returns from lower average vacancy and higher rent growth.
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