Equity to Asset ratio is calculated as total stockholders equity divided by total asset. National Storage REIT's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$290.8 Mil. National Storage REIT's Total Assets for the quarter that ended in Dec. 2023 was A$4,824.7 Mil.
Therefore, National Storage REIT's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.06.
The historical rank and industry rank for National Storage REIT's Equity-to-Asset or its related term are showing as below:
ASX:NSR'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.04 Med: 0.05 Max: 0.06
Current: 0.06
During the past 10 years, the highest Equity to Asset Ratio of National Storage REIT was 0.06. The lowest was 0.04. And the median was 0.05.
ASX:NSR's Equity-to-Asset is ranked worse than 98.61% of 864
companies
in the REITs industry
Industry Median: 0.57
vs ASX:NSR: 0.06
National Storage REIT Equity-to-Asset Historical Data
The historical data trend for National Storage 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.
Competitive Comparison of National Storage REIT's Equity-to-Asset
For the REIT - Industrial subindustry, National Storage 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.
National Storage REIT's Equity-to-Asset Distribution in the REITs Industry
For the REITs industry and Real Estate sector, National Storage REIT's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where National Storage REIT's Equity-to-Asset falls into.
National Storage REIT 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.
National Storage REIT's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 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.
National Storage REIT (ASX:NSR) 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%.
National Storage REIT Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of National Storage REIT's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
National Storage REIT (ASX:NSR) Business Description
National Storage REIT is the largest self-storage provider in Australia and New Zealand. Most of its properties are owned and operated, but it also has long-term leaseholds. Most NSR centres are in city fringe, suburban and regional areas. The industry is fragmented, mostly comprising single site owners, while the largest three players, NSR, privately owned Kennards, and the listed Abacus Storage King operate over a third of the market. NSR plans to continue acquiring and developing self-storage centres, consolidating the fragmented industry, as well generating organic growth via dynamic pricing and occupancy management. However, its large rivals are competing via similar strategies.
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