Coventry Group (ASX:CYG) Equity-to-Asset

: 0.39 (As of Dec. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Coventry Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$112.0 Mil. Coventry Group's Total Assets for the quarter that ended in Dec. 2023 was A$287.7 Mil. Therefore, Coventry Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.39.

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

ASX:CYG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.39 Med: 0.6 Max: 0.82
Current: 0.39

During the past 13 years, the highest Equity to Asset Ratio of Coventry Group was 0.82. The lowest was 0.39. And the median was 0.60.

ASX:CYG's Equity-to-Asset is ranked worse than
65.31% of 147 companies
in the Industrial Distribution industry
Industry Median: 0.48 vs ASX:CYG: 0.39

Coventry Group Equity-to-Asset Historical Data

The historical data trend for Coventry Group'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.

Coventry Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Equity-to-Asset

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0.64

0.47

0.44

0.41

0.40

Coventry Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.43	0.41	0.41	0.40	0.39

Competitive Comparison

For the Industrial Distribution subindustry, Coventry Group'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.

Coventry Group Equity-to-Asset Distribution

For the Industrial Distribution industry and Industrials sector, Coventry Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Coventry Group's Equity-to-Asset falls into.

Coventry Group 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.

Coventry Group's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	112.951	/	282.797
	=	0.40

Coventry Group'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
	=	111.967	/	287.732
	=	0.39

Coventry Group (ASX:CYG) 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%.

Coventry Group Equity-to-Asset Related Terms

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

Coventry Group (ASX:CYG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Coventry Group Ltd (ASX:CYG) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

235 Settlement Road, Thomastown, P.O. Box 526, Melbourne, VIC, AUS, 3074

Website

https://www.cgl.com.au

Coventry Group Ltd distributes and markets industrial products. The company operates through the following segments: Trade Distribution, and Fluid Systems. It generates maximum revenue from the Trade Distribution segment. The Trade Distribution segment includes the importation, distribution, and marketing of industrial fasteners, industrial hardware supplies and associated products and cabinet making hardware. Its Fluid Systems segment includes the design, manufacture, distribution, installation, and maintenance of lubrication and hydraulic fluid systems and hoses. Geographically, it derives a majority of revenue from Australia.

Coventry Group (ASX:CYG) Headlines

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