Eastern Metals (ASX:EMS) Equity-to-Asset : 0.97 (As of Dec. 2023)

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What is Eastern Metals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Eastern Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$2.39 Mil. Eastern Metals's Total Assets for the quarter that ended in Dec. 2023 was A$2.45 Mil. Therefore, Eastern Metals's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.97.

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

ASX:EMS' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.89 Med: 0.96 Max: 0.99
Current: 0.97

During the past 2 years, the highest Equity to Asset Ratio of Eastern Metals was 0.99. The lowest was 0.89. And the median was 0.96.

ASX:EMS's Equity-to-Asset is ranked better than
87.77% of 2715 companies
in the Metals & Mining industry
Industry Median: 0.79 vs ASX:EMS: 0.97

Eastern Metals Equity-to-Asset Historical Data

The historical data trend for Eastern Metals'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.

Eastern Metals Equity-to-Asset Chart

Eastern Metals Annual Data

Trend

Jun22

Jun23

Equity-to-Asset

0.89

0.96

Eastern Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	0.99	0.89	0.96	0.96	0.97

Competitive Comparison of Eastern Metals's Equity-to-Asset

For the Other Precious Metals & Mining subindustry, Eastern Metals'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.

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

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

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

Eastern Metals 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.

Eastern Metals'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
	=	3.273	/	3.405
	=

Eastern Metals'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
	=	2.39	/	2.454
	=	0.97

Eastern Metals (ASX:EMS) 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%.

Eastern Metals Equity-to-Asset Related Terms

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

Eastern Metals (ASX:EMS) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

210 George Street, Level 8, Sydney, NSW, AUS, 2000

Website

https://www.easternmetals.com.au

Eastern Metals Ltd is an Australian junior base and precious metals exploration company with initial interests in three projects: the Arunta Project in the Northern Territory, Cobar Project and Thomson Project in New South Wales.

Eastern Metals (ASX:EMS) Headlines

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