Richmond Vanadium Technology (ASX:RVT) Equity-to-Asset : 0.97 (As of Dec. 2023)

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What is Richmond Vanadium Technology Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Richmond Vanadium Technology's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$46.78 Mil. Richmond Vanadium Technology's Total Assets for the quarter that ended in Dec. 2023 was A$48.43 Mil.

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

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

During the past 2 years, the highest Equity to Asset Ratio of Richmond Vanadium Technology was 0.97. The lowest was 0.97. And the median was 0.97.

ASX:RVT's Equity-to-Asset is ranked better than
87.88% of 2707 companies
in the Metals & Mining industry
Industry Median: 0.8 vs ASX:RVT: 0.97

Richmond Vanadium Technology Equity-to-Asset Historical Data

The historical data trend for Richmond Vanadium Technology'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.

Richmond Vanadium Technology Equity-to-Asset Chart

Richmond Vanadium Technology Annual Data

Trend

Jun22

Jun23

Equity-to-Asset

0.97

Richmond Vanadium Technology Semi-Annual Data
	Dec22	Jun23	Dec23
Equity-to-Asset	0.97	0.97	0.97

Competitive Comparison of Richmond Vanadium Technology's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Richmond Vanadium Technology'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.

Richmond Vanadium Technology's Equity-to-Asset Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Richmond Vanadium Technology's Equity-to-Asset falls into.

Richmond Vanadium Technology 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.

Richmond Vanadium Technology'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
	=	47.562	/	48.943
	=

Richmond Vanadium Technology'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
	=	46.78	/	48.431
	=

Richmond Vanadium Technology (ASX:RVT) 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%.

Richmond Vanadium Technology Equity-to-Asset Related Terms

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Richmond Vanadium Technology (ASX:RVT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Richmond Vanadium Technology Ltd (ASX:RVT) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

251 Adelaide Terrace, Level 11, Perth, WA, AUS, 6000

Website

https://www.richmondvanadium.com.au

Richmond Vanadium Technology Ltd is an Australian minerals exploration company advancing its Richmond Vanadium Project in north Queensland. The Richmond-Julia Creek Vanadium Project is the non-titanomagnetite vanadium deposit of its kind (soft marine sediments) globally and can produce a supply of vanadium for the steel and emerging energy storage markets. The project involves the development of an open cut, free dig vanadium mining operation producing vanadium pentoxide (V2O5) concentrate from the ore reserve.