Reitmans (Canada) (TSXV:RET.A) Equity-to-Asset : 0.57 (As of Jan. 2024)

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What is Reitmans (Canada) Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Reitmans (Canada)'s Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$279.0 Mil. Reitmans (Canada)'s Total Assets for the quarter that ended in Jan. 2024 was C$490.8 Mil. Therefore, Reitmans (Canada)'s Equity to Asset Ratio for the quarter that ended in Jan. 2024 was 0.57.

The historical rank and industry rank for Reitmans (Canada)'s Equity-to-Asset or its related term are showing as below:

TSXV:RET.A' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.06 Med: 0.63 Max: 0.72
Current: 0.57

During the past 13 years, the highest Equity to Asset Ratio of Reitmans (Canada) was 0.72. The lowest was 0.06. And the median was 0.63.

TSXV:RET.A's Equity-to-Asset is ranked better than
69.56% of 1117 companies
in the Retail - Cyclical industry
Industry Median: 0.44 vs TSXV:RET.A: 0.57

Reitmans (Canada) Equity-to-Asset Historical Data

The historical data trend for Reitmans (Canada)'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.

Reitmans (Canada) Equity-to-Asset Chart

Reitmans (Canada) Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Equity-to-Asset

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0.35

0.06

0.59

0.57

Reitmans (Canada) Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Equity-to-Asset	Get a 7-Day Free Trial															0.59	0.61	0.61	0.59	0.57

Competitive Comparison of Reitmans (Canada)'s Equity-to-Asset

For the Apparel Retail subindustry, Reitmans (Canada)'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.

Reitmans (Canada)'s Equity-to-Asset Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Reitmans (Canada)'s Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Reitmans (Canada)'s Equity-to-Asset falls into.

Reitmans (Canada) 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.

Reitmans (Canada)'s Equity to Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

Equity to Asset (A: Jan. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	279.018	/	490.75
	=	0.57

Reitmans (Canada)'s Equity to Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

Equity to Asset (Q: Jan. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	279.018	/	490.75
	=	0.57

Reitmans (Canada) (TSXV:RET.A) 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%.

Reitmans (Canada) Equity-to-Asset Related Terms

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

Reitmans (Canada) (TSXV:RET.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Reitmans (Canada) Ltd (TSXV:RET.A) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

RTMNF:USA RTMAF:USA CX40:Germany RET:Canada

Address

155 Wellington Street West, 40th Floor, Toronto, ON, CAN, M5V 3J7

Website

https://www.reitmans.com

Reitmans (Canada) Ltd is an apparel retailer based in Canada. Its main business is the sale of ladies' specialty apparel to consumers. The product offering comprises Tops, Bottoms, Dresses, Coats and Jackets, Blazers, Lingerie and Sleepwear, among others. It also sells accessories such as Scarves, Bags, Belts, Sunglasses and others. The company operates an e-commerce website shopping for all its banners. Some of its revenue sources are from the sale of merchandise, customer loyalty award programs and sale of gift cards. The group offers its products through the retail banners of Reitmans, Penningtons and RW & CO. The Company's operating segments, operate in the women apparel business, in Canada.

Reitmans (Canada) (TSXV:RET.A) Headlines

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