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2 Cheap Cars Group (NZSE:2CC) Equity-to-Asset : 0.61 (As of Sep. 2023)


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What is 2 Cheap Cars Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. 2 Cheap Cars Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was NZ$19.17 Mil. 2 Cheap Cars Group's Total Assets for the quarter that ended in Sep. 2023 was NZ$31.63 Mil. Therefore, 2 Cheap Cars Group's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.61.

The historical rank and industry rank for 2 Cheap Cars Group's Equity-to-Asset or its related term are showing as below:

NZSE:2CC' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.3   Med: 0.43   Max: 0.61
Current: 0.61

During the past 3 years, the highest Equity to Asset Ratio of 2 Cheap Cars Group was 0.61. The lowest was -0.30. And the median was 0.43.

NZSE:2CC's Equity-to-Asset is ranked better than
72.19% of 1309 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs NZSE:2CC: 0.61

2 Cheap Cars Group Equity-to-Asset Historical Data

The historical data trend for 2 Cheap Cars 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.

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2 Cheap Cars Group Equity-to-Asset Chart

2 Cheap Cars Group Annual Data
Trend Mar21 Mar22 Mar23
Equity-to-Asset
0.45 0.40 0.55

2 Cheap Cars Group Semi-Annual Data
Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Equity-to-Asset Get a 7-Day Free Trial 0.43 0.40 0.42 0.55 0.61

Competitive Comparison of 2 Cheap Cars Group's Equity-to-Asset

For the Auto & Truck Dealerships subindustry, 2 Cheap Cars 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.


2 Cheap Cars Group's Equity-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, 2 Cheap Cars Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where 2 Cheap Cars Group's Equity-to-Asset falls into.



2 Cheap Cars 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.

2 Cheap Cars Group's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )=Total Stockholders Equity/Total Assets
=16.174/29.368
=0.55

2 Cheap Cars Group's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )=Total Stockholders Equity/Total Assets
=19.167/31.628
=0.61

* 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.


2 Cheap Cars Group  (NZSE:2CC) 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%.


2 Cheap Cars Group Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of 2 Cheap Cars Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


2 Cheap Cars Group (NZSE:2CC) Business Description

Traded in Other Exchanges
N/A
Address
102 Mays Road, Onehunga, Auckland, NTL, NZL, 1061
2 Cheap Cars Group Ltd is an integrated automotive group operating throughout New Zealand via two divisions: Automotive Retail and Finance. The 2 Cheap Cars Group draws revenue from the two divisions: automotive retail division, revenue is primarily from the sale of vehicles and from agent commissions relating to third-party finance and insurance products. NZ Motor Finance (NZMF) generates finance income from lending to customers who are financing vehicles, and from selling guaranteed asset protection insurance (GAP) and payment protection insurance (PPI) products.

2 Cheap Cars Group (NZSE:2CC) Headlines

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