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Black Mountain Energy (ASX:BME) Equity-to-Asset : 0.93 (As of Jun. 2023)


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What is Black Mountain Energy Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Black Mountain Energy's Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$45.93 Mil. Black Mountain Energy's Total Assets for the quarter that ended in Jun. 2023 was A$49.52 Mil.

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

ASX:BME' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.93   Med: 0.93   Max: 0.94
Current: 0.93

During the past 1 years, the highest Equity to Asset Ratio of Black Mountain Energy was 0.94. The lowest was 0.93. And the median was 0.93.

ASX:BME's Equity-to-Asset is ranked better than
93.96% of 1092 companies
in the Oil & Gas industry
Industry Median: 0.51 vs ASX:BME: 0.93

Black Mountain Energy Equity-to-Asset Historical Data

The historical data trend for Black Mountain Energy'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.

Black Mountain Energy Equity-to-Asset Chart

Black Mountain Energy Annual Data
Trend Dec22
Equity-to-Asset
0.93

Black Mountain Energy Semi-Annual Data
Dec21 Jun22 Dec22 Jun23
Equity-to-Asset 0.94 0.94 0.93 0.93

Competitive Comparison of Black Mountain Energy's Equity-to-Asset

For the Oil & Gas E&P subindustry, Black Mountain Energy'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.

Black Mountain Energy's Equity-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Black Mountain Energy's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Black Mountain Energy's Equity-to-Asset falls into.


Black Mountain Energy 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.

Black Mountain Energy's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )=Total Stockholders Equity/Total Assets
=44.559/48.013
=

Black Mountain Energy's Equity to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

Equity to Asset (Q: Jun. 2023 )=Total Stockholders Equity/Total Assets
=45.925/49.521
=

* 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.

Black Mountain Energy  (ASX:BME) 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%.

Black Mountain Energy Equity-to-Asset Related Terms

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

Black Mountain Energy (ASX:BME) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Black Mountain Energy Ltd (ASX:BME) » Definitions » Equity-to-Asset
Comparable Companies
ASX:LIO ASX:TEE ASX:GLV ASX:SHE ASX:AXP ASX:MEL ASX:SGC ASX:FDR ASX:XST ASX:BUY COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN
Traded in Other Exchanges
N/A
Address
225 St Georges Terrace, Level 14, Perth, WA, AUS, 6000
Website
https://www.blackmountainenergy.com
Black Mountain Energy Ltd is an energy and resources company focused on identifying, developing, and operating projects in hydrocarbon-rich basins. It is involved in the acquisition and development of natural resource projects and exploration for, and production of oil and gas. The firm is involved in the Valhalla Project located in the north of Perth.