Industrial Minerals (ASX:IND) Equity-to-Asset : 0.86 (As of Dec. 2023)

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What is Industrial Minerals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Industrial Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$3.76 Mil. Industrial Minerals's Total Assets for the quarter that ended in Dec. 2023 was A$4.37 Mil.

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

ASX:IND' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.86 Med: 0.9 Max: 0.97
Current: 0.86

During the past 3 years, the highest Equity to Asset Ratio of Industrial Minerals was 0.97. The lowest was 0.86. And the median was 0.90.

ASX:IND's Equity-to-Asset is ranked better than
57.83% of 2701 companies
in the Metals & Mining industry
Industry Median: 0.8 vs ASX:IND: 0.86

Industrial Minerals Equity-to-Asset Historical Data

The historical data trend for Industrial Minerals'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.

Industrial Minerals Equity-to-Asset Chart

Industrial Minerals Annual Data

Trend

Jun21

Jun22

Jun23

Equity-to-Asset

0.13

0.90

0.89

Industrial Minerals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	0.97	0.90	0.92	0.89	0.86

Competitive Comparison of Industrial Minerals's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Industrial Minerals'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.

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

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

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

Industrial Minerals 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.

Industrial Minerals'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
	=	2.94	/	3.29
	=

Industrial Minerals'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
	=	3.762	/	4.369
	=

Industrial Minerals (ASX:IND) 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%.

Industrial Minerals Equity-to-Asset Related Terms

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

Industrial Minerals (ASX:IND) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

9ED:Germany

Address

460 Stirling Highway, Unit 20, Peppermint Grove, WA, AUS, 6011

Website

https://www.industmin.com

Industrial Minerals Ltd is a company engaged in exploring and developing industrial minerals. Its projects include the Quins High Purity Silica project, the Unicup High Purity Silica project, the Lake Macleod Gypsum, and Sale project, the Turner River project, among others.

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