Corus Entertainment (LTS:0UR4) Equity-to-Asset : -0.31 (As of Aug. 2024)

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What is Corus Entertainment Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Corus Entertainment's Total Stockholders Equity for the quarter that ended in Aug. 2024 was C$-465 Mil. Corus Entertainment's Total Assets for the quarter that ended in Aug. 2024 was C$1,487 Mil. Therefore, Corus Entertainment's Equity to Asset Ratio for the quarter that ended in Aug. 2024 was -0.31.

The historical rank and industry rank for Corus Entertainment's Equity-to-Asset or its related term are showing as below:

LTS:0UR4' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.31 Med: 0.29 Max: 0.46
Current: -0.31

During the past 13 years, the highest Equity to Asset Ratio of Corus Entertainment was 0.46. The lowest was -0.31. And the median was 0.29.

LTS:0UR4's Equity-to-Asset is ranked worse than
93.35% of 1052 companies
in the Media - Diversified industry
Industry Median: 0.5 vs LTS:0UR4: -0.31

Corus Entertainment Equity-to-Asset Historical Data

The historical data trend for Corus Entertainment'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.

Corus Entertainment Equity-to-Asset Chart

Corus Entertainment Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Equity-to-Asset

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0.23

0.28

0.22

0.12

-0.31

Corus Entertainment Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Equity-to-Asset	Get a 7-Day Free Trial															0.12	0.12	0.12	-0.28	-0.31

Competitive Comparison of Corus Entertainment's Equity-to-Asset

For the Entertainment subindustry, Corus Entertainment'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.

Corus Entertainment's Equity-to-Asset Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Corus Entertainment's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Corus Entertainment's Equity-to-Asset falls into.

Corus Entertainment 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.

Corus Entertainment's Equity to Asset Ratio for the fiscal year that ended in Aug. 2024 is calculated as

Equity to Asset (A: Aug. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	-465.399	/	1486.908
	=	-0.31

Corus Entertainment's Equity to Asset Ratio for the quarter that ended in Aug. 2024 is calculated as

Equity to Asset (Q: Aug. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	-465.399	/	1486.908
	=	-0.31

Corus Entertainment (LTS:0UR4) 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%.

Corus Entertainment Equity-to-Asset Related Terms

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Corus Entertainment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Corus Entertainment Inc (LTS:0UR4) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

CJREF:USA 9CO:Germany CJR.B:Canada

Address

25 Dockside Drive, Corus Quay, Toronto, ON, CAN, M5A 0B5

Website

https://www.corusent.com

Corus Entertainment Inc is a media and content company that operates in the diversified media industry. The company has two business segments, which include Television, and Radio. The Television segment is comprised of its conventional television stations, streaming platforms, a social media digital agency, a social media creator network, technology, and media services. The Radio segment is comprised of several radio stations across Canada which are distributed through over-the-air, analog radio transmission, with additional delivery platforms including HD Radio, websites, podcasts, and mobile apps. A majority of the company's revenue is generated from the Television segment. Geographically, it derives key revenue from Canada and the rest from International markets.

Corus Entertainment Headlines

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