Third Age Health Services (NZSE:TAH) Equity-to-Asset : 0.29 (As of Mar. 2024)

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What is Third Age Health Services Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Third Age Health Services's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NZ$2.85 Mil. Third Age Health Services's Total Assets for the quarter that ended in Mar. 2024 was NZ$9.80 Mil. Therefore, Third Age Health Services's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.29.

The historical rank and industry rank for Third Age Health Services's Equity-to-Asset or its related term are showing as below:

NZSE:TAH' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.25 Med: 0.42 Max: 0.56
Current: 0.29

During the past 4 years, the highest Equity to Asset Ratio of Third Age Health Services was 0.56. The lowest was 0.25. And the median was 0.42.

NZSE:TAH's Equity-to-Asset is ranked worse than
69.96% of 679 companies
in the Healthcare Providers & Services industry
Industry Median: 0.46 vs NZSE:TAH: 0.29

Third Age Health Services Equity-to-Asset Historical Data

The historical data trend for Third Age Health Services'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.

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Third Age Health Services Equity-to-Asset Chart

Third Age Health Services Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Equity-to-Asset

0.55

0.56

0.25

0.29

Third Age Health Services Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial			0.56	0.47	0.25	0.29	0.29

Competitive Comparison of Third Age Health Services's Equity-to-Asset

For the Medical Care Facilities subindustry, Third Age Health Services'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.

Third Age Health Services's Equity-to-Asset Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Third Age Health Services's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Third Age Health Services's Equity-to-Asset falls into.

Third Age Health Services 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.

Third Age Health Services's Equity to Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Equity to Asset (A: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	2.851	/	9.803
	=	0.29

Third Age Health Services's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	2.851	/	9.803
	=	0.29

Third Age Health Services (NZSE:TAH) 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%.

Third Age Health Services Equity-to-Asset Related Terms

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

Third Age Health Services (NZSE:TAH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Third Age Health Services Ltd (NZSE:TAH) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

536 Kennedy Road, Greenmeadows, Napier, NZL, 4112

Website

https://www.thirdagehealth.co.nz

Third Age Health Services Ltd is engaged in providing health care services to older adults residing in Aged Residential Care. Its services include 24/7 access to a doctor, Regular, scheduled rounds by a Practitioner, and Guaranteed locum cover.