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Coast Entertainment Holdings (ASX:CEH) Liabilities-to-Assets : 0.18 (As of Dec. 2023)


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What is Coast Entertainment Holdings Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Coast Entertainment Holdings's Total Liabilities for the quarter that ended in Dec. 2023 was A$54.53 Mil. Coast Entertainment Holdings's Total Assets for the quarter that ended in Dec. 2023 was A$305.18 Mil. Therefore, Coast Entertainment Holdings's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 0.18.


Coast Entertainment Holdings Liabilities-to-Assets Historical Data

The historical data trend for Coast Entertainment Holdings's Liabilities-to-Assets 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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Coast Entertainment Holdings Liabilities-to-Assets Chart

Coast Entertainment Holdings Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.45 0.73 0.81 0.94 0.10

Coast Entertainment Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Liabilities-to-Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.86 0.94 0.10 0.10 0.18

Competitive Comparison of Coast Entertainment Holdings's Liabilities-to-Assets

For the Leisure subindustry, Coast Entertainment Holdings's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.


Coast Entertainment Holdings's Liabilities-to-Assets Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Coast Entertainment Holdings's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Coast Entertainment Holdings's Liabilities-to-Assets falls into.



Coast Entertainment Holdings Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Coast Entertainment Holdings's Liabilities-to-Assets Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Liabilities-to-Assets (A: Jun. 2023 )=Total Liabilities/Total Assets
=28.761/283.34
=0.10

Coast Entertainment Holdings's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 is calculated as

Liabilities-to-Assets (Q: Dec. 2023 )=Total Liabilities/Total Assets
=54.531/305.18
=0.18

* 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.


Coast Entertainment Holdings  (ASX:CEH) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


Coast Entertainment Holdings Liabilities-to-Assets Related Terms

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Coast Entertainment Holdings (ASX:CEH) Business Description

Traded in Other Exchanges
Address
83 Mount Street, Suite 601, Level 6, North Sydney, Sydney, NSW, AUS, 2060
Ardent Leisure is an owner and operator of leisure assets. Its theme park businesses are situated in Australia, including Dreamworld and WhiteWater World on the Gold Coast. The sale of Main Event in the U.S., completed in June 2022, was executed at a good price, and the proceeds led to a healthy distribution to shareholders. It leaves the group with just the theme parks unit.

Coast Entertainment Holdings (ASX:CEH) Headlines

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