Castile Resources (ASX:CST) Equity-to-Asset : 0.95 (As of Dec. 2023)

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What is Castile Resources Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Castile Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$33.22 Mil. Castile Resources's Total Assets for the quarter that ended in Dec. 2023 was A$35.09 Mil. Therefore, Castile Resources's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.95.

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

ASX:CST' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.89 Med: 0.89 Max: 0.95
Current: 0.95

During the past 5 years, the highest Equity to Asset Ratio of Castile Resources was 0.95. The lowest was 0.89. And the median was 0.89.

ASX:CST's Equity-to-Asset is ranked better than
78.54% of 2707 companies
in the Metals & Mining industry
Industry Median: 0.8 vs ASX:CST: 0.95

Castile Resources Equity-to-Asset Historical Data

The historical data trend for Castile Resources'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.

Castile Resources Equity-to-Asset Chart

Castile Resources Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Equity-to-Asset

0.90

0.89

0.92

Castile Resources Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.89	0.89	0.94	0.92	0.95

Competitive Comparison of Castile Resources's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Castile Resources'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.

Castile Resources's Equity-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Castile Resources's Equity-to-Asset distribution charts can be found below:

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

Castile Resources 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.

Castile Resources's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	33.419	/	36.201
	=

Castile Resources's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	33.218	/	35.086
	=	0.95

Castile Resources (ASX:CST) 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%.

Castile Resources Equity-to-Asset Related Terms

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

Castile Resources (ASX:CST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Castile Resources Ltd (ASX:CST) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

CLRSF:USA

Address

17 Southport Street, Suite 1A, West Leederville, WA, AUS, 6007

Website

https://www.castile.com.au

Castile Resources Ltd is a mineral exploration and development company. Its projects include the Rover Project and the Warumpi Project. The Company operates predominantly in one business segment the exploration of minerals in one geographic segment, Australia.

Castile Resources (ASX:CST) Headlines

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