Permex Petroleum (XCNQ:OIL) Equity-to-Asset : 0.67 (As of Jun. 2023)

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What is Permex Petroleum Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Permex Petroleum's Total Stockholders Equity for the quarter that ended in Jun. 2023 was C$10.39 Mil. Permex Petroleum's Total Assets for the quarter that ended in Jun. 2023 was C$15.52 Mil. Therefore, Permex Petroleum's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was 0.67.

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

XCNQ:OIL' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.47 Med: 0.7 Max: 0.84
Current: 0.67

During the past 6 years, the highest Equity to Asset Ratio of Permex Petroleum was 0.84. The lowest was 0.47. And the median was 0.70.

XCNQ:OIL's Equity-to-Asset is ranked better than
70.6% of 1092 companies
in the Oil & Gas industry
Industry Median: 0.5 vs XCNQ:OIL: 0.67

Permex Petroleum Equity-to-Asset Historical Data

The historical data trend for Permex Petroleum'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.

Permex Petroleum Equity-to-Asset Chart

Permex Petroleum Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Equity-to-Asset

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0.63

0.59

0.47

0.83

Permex Petroleum Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Equity-to-Asset	Get a 7-Day Free Trial															0.80	0.83	0.74	0.72	0.67

Competitive Comparison of Permex Petroleum's Equity-to-Asset

For the Oil & Gas E&P subindustry, Permex Petroleum'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.

Permex Petroleum's Equity-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Permex Petroleum's Equity-to-Asset distribution charts can be found below:

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

Permex Petroleum 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.

Permex Petroleum's Equity to Asset Ratio for the fiscal year that ended in Sep. 2022 is calculated as

Equity to Asset (A: Sep. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	13.957	/	16.764
	=	0.83

Permex Petroleum's Equity to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

Equity to Asset (Q: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	10.391	/	15.515
	=	0.67

Permex Petroleum (XCNQ:OIL) 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%.

Permex Petroleum Equity-to-Asset Related Terms

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

Permex Petroleum (XCNQ:OIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Permex Petroleum Corp (XCNQ:OIL) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

OILCF:USA 75P:Germany

Address

666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 2X8

Website

https://www.permexpetroleum.com

Permex Petroleum Corp is a junior oil and gas company with assets and operations across the Permian Basin of West Texas and the Delaware SubBasin of New Mexico. The company through its wholly-owned subsidiary, Permex Petroleum US Corporation owns and operates on private, state, and federal land. The company has a single reportable segment i.e. acquisition, development, and production of oil and gas properties in the United States.

Executives

Mehran Ehsan

Director, Senior Officer