Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Canterbury Park Holding's Total Stockholders Equity for the quarter that ended in Mar. 2022 was $65.50 Mil. Canterbury Park Holding's Total Assets for the quarter that ended in Mar. 2022 was $85.78 Mil.
Therefore, Canterbury Park Holding's Equity to Asset Ratio for the quarter that ended in Mar. 2022 was 0.76.
The historical rank and industry rank for Canterbury Park Holding's Equity-to-Asset or its related term are showing as below:
CPHC'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.55 Med: 0.74 Max: 0.86
Current: 0.76
During the past 13 years, the highest Equity to Asset Ratio of Canterbury Park Holding was 0.86. The lowest was 0.55. And the median was 0.74.
CPHC's Equity-to-Asset is ranked better than 85.45% of 852
companies
in the Travel & Leisure industry
Industry Median: 0.48
vs CPHC: 0.76
Canterbury Park Holding Equity-to-Asset Historical Data
The historical data trend for Canterbury Park Holding'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.
Canterbury Park Holding Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Equity-to-Asset
0.75
0.76
0.76
0.75
0.78
Canterbury Park Holding Quarterly Data
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Equity-to-Asset
0.75
0.68
0.75
0.78
0.76
Competitive Comparison
For the Gambling subindustry, Canterbury Park Holding'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.
Canterbury Park Holding Equity-to-Asset Distribution
For the Travel & Leisure industry and Consumer Cyclical sector, Canterbury Park Holding's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Canterbury Park Holding's Equity-to-Asset falls into.
Canterbury Park Holding 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.
Canterbury Park Holding's Equity to Asset Ratio for the fiscal year that ended in Dec. 2021 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.
Canterbury Park Holding (NAS:CPHC) 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%.
Canterbury Park Holding Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Canterbury Park Holding's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Canterbury Park Holding Corp is in the business of pari-mutuel wagering on horse races and unbanked card games at its canterbury park racetrack and card casino facility in Minnesota. The company has four operating segments. The horse racing segment represents pari-mutuel wagering operations on simulcast and lives horse races; the Card Casino segment represents unbanked card operations; the food and beverage segment includes concessions, catering, and events services provided at the Racetrack; and the development segment represents its real estate development operations. The firm generates a majority of its revenue from the Card Casino segment.
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