Metarock Group (ASX:MYE) Equity-to-Asset : 0.24 (As of Dec. 2023)

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What is Metarock Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Metarock Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$44.5 Mil. Metarock Group's Total Assets for the quarter that ended in Dec. 2023 was A$186.3 Mil. Therefore, Metarock Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.24.

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

ASX:MYE' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.08 Med: 0.58 Max: 0.7
Current: 0.24

During the past 13 years, the highest Equity to Asset Ratio of Metarock Group was 0.70. The lowest was 0.08. And the median was 0.58.

ASX:MYE's Equity-to-Asset is ranked worse than
86.19% of 181 companies
in the Other Energy Sources industry
Industry Median: 0.61 vs ASX:MYE: 0.24

Metarock Group Equity-to-Asset Historical Data

The historical data trend for Metarock Group'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.

Metarock Group Equity-to-Asset Chart

Metarock Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Equity-to-Asset

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0.70

0.53

0.58

0.28

0.14

Metarock Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.33	0.28	0.08	0.14	0.24

Competitive Comparison of Metarock Group's Equity-to-Asset

For the Thermal Coal subindustry, Metarock Group'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.

Metarock Group's Equity-to-Asset Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Metarock Group's Equity-to-Asset distribution charts can be found below:

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

Metarock Group 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.

Metarock Group'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
	=	32.755	/	226.955
	=	0.14

Metarock Group'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
	=	44.495	/	186.282
	=	0.24

Metarock Group (ASX:MYE) 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%.

Metarock Group Equity-to-Asset Related Terms

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

Metarock Group (ASX:MYE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Metarock Group Ltd (ASX:MYE) » Definitions » Equity-to-Asset

Traded in Other Exchanges

024:Germany

Address

45 River Street, P.O. Box 1671, Level 1, Riverside Plaza, Mackay, QLD, AUS, 4740

Website

https://www.mastermyne.com.au

Metarock Group Ltd provides contracting services to underground longwall mining operations and industrial products and services in the coalfields and supporting industries of Queensland and New South Wales. It provides a full range of services and equipment to the coal mining industry that includes: Roadway development; Conveyors; Longwall relocations and others. The company's segment includes Mastermyne and PYBAR. It generates maximum revenue from the Mastermyne segment.