Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Whitehaven Coal's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$5,211 Mil. Whitehaven Coal's Total Assets for the quarter that ended in Dec. 2023 was A$6,621 Mil.
Therefore, Whitehaven Coal's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.79.
The historical rank and industry rank for Whitehaven Coal's Equity-to-Asset or its related term are showing as below:
ASX:WHC'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.62 Med: 0.7 Max: 0.85
Current: 0.79
During the past 13 years, the highest Equity to Asset Ratio of Whitehaven Coal was 0.85. The lowest was 0.62. And the median was 0.70.
ASX:WHC's Equity-to-Asset is ranked better than 66.85% of 181
companies
in the Other Energy Sources industry
Industry Median: 0.61
vs ASX:WHC: 0.79
Whitehaven Coal Equity-to-Asset Historical Data
The historical data trend for Whitehaven Coal'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.
Competitive Comparison of Whitehaven Coal's Equity-to-Asset
For the Thermal Coal subindustry, Whitehaven Coal'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.
Whitehaven Coal's Equity-to-Asset Distribution in the Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Whitehaven Coal's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Whitehaven Coal's Equity-to-Asset falls into.
Whitehaven Coal 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.
Whitehaven Coal's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as
* 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.
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%.
Whitehaven Coal Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Whitehaven Coal's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Whitehaven Coal is a large Australian independent thermal and semisoft metallurgical coal miner with mines in the Gunnedah Basin, New South Wales. It also owns the large Vickery and Winchester South deposits in New South Wales and Queensland, respectively. Coal is railed to ports in Newcastle for export to Asian customers. It has agreed to buy Blackwater and Daunia, two coking coal mines in Queensland, from BHP and Mitsubishi, effective mid-2024. Along with expanded production at Maules Creek and Narrabri, this should see its share of salable coal production approach 36 million metric tons from fiscal 2028, from about 13 million in fiscal 2023. Development of Vickery could see around 7 million metric tons of extra equity production, with first output likely from about 2025 in our view.
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