Vertex Minerals (ASX:VTX) Equity-to-Asset : 0.94 (As of Dec. 2023)

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What is Vertex Minerals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Vertex Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$8.59 Mil. Vertex Minerals's Total Assets for the quarter that ended in Dec. 2023 was A$9.15 Mil. Therefore, Vertex Minerals's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.94.

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

ASX:VTX' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.94 Med: 0.96 Max: 0.97
Current: 0.94

During the past 2 years, the highest Equity to Asset Ratio of Vertex Minerals was 0.97. The lowest was 0.94. And the median was 0.96.

ASX:VTX's Equity-to-Asset is ranked better than
75.25% of 2711 companies
in the Metals & Mining industry
Industry Median: 0.8 vs ASX:VTX: 0.94

Vertex Minerals Equity-to-Asset Historical Data

The historical data trend for Vertex 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.

Vertex Minerals Equity-to-Asset Chart

Vertex Minerals Annual Data

Trend

Jun22

Jun23

Equity-to-Asset

0.97

0.96

Vertex Minerals Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	0.97	0.95	0.96	0.94

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

For the Gold subindustry, Vertex 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.

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

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

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

Vertex 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.

Vertex 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
	=	7.46	/	7.769
	=

Vertex 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
	=	8.588	/	9.154
	=	0.94

Vertex Minerals (ASX:VTX) 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%.

Vertex Minerals Equity-to-Asset Related Terms

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

Vertex Minerals (ASX:VTX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

VTXXF:USA

Address

460 Stirling Highway, Unit 38, Peppermint Grove, WA, AUS, 6011

Website

https://www.vertexminerals.com

Vertex Minerals Ltd is a mineral exploration and development company. It explores for gold. The Company is organised into one operating segment, being mining and exploration operations. The principal products and services of this operating segment are the mining and exploration operations predominately in Australia.

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