Kumba Iron Ore (Kumba Iron Ore) Equity-to-Asset

: 0.53 (As of Dec. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Kumba Iron Ore's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,792 Mil. Kumba Iron Ore's Total Assets for the quarter that ended in Dec. 2023 was $5,298 Mil. Therefore, Kumba Iron Ore's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.53.

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

KIROY' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.4 Med: 0.53 Max: 0.58
Current: 0.53

During the past 13 years, the highest Equity to Asset Ratio of Kumba Iron Ore was 0.58. The lowest was 0.40. And the median was 0.53.

KIROY's Equity-to-Asset is ranked worse than
50.63% of 630 companies
in the Steel industry
Industry Median: 0.54 vs KIROY: 0.53

Kumba Iron Ore Equity-to-Asset Historical Data

The historical data trend for Kumba Iron Ore'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.

Kumba Iron Ore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.54

0.58

0.55

0.50

0.53

Kumba Iron Ore 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																0.55	0.55	0.50	0.53	0.53

Competitive Comparison

For the Steel subindustry, Kumba Iron Ore'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.

Kumba Iron Ore Equity-to-Asset Distribution

For the Steel industry and Basic Materials sector, Kumba Iron Ore's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Kumba Iron Ore's Equity-to-Asset falls into.

Kumba Iron Ore 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.

Kumba Iron Ore's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	2791.797	/	5298.399
	=	0.53

Kumba Iron Ore'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
	=	2791.797	/	5298.399
	=	0.53

Kumba Iron Ore (OTCPK:KIROY) 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%.

Kumba Iron Ore Equity-to-Asset Related Terms

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

Kumba Iron Ore (Kumba Iron Ore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kumba Iron Ore Ltd (OTCPK:KIROY) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

KIO:South Africa KUI:Germany

Address

144 Oxford Road, Rosebank, Melrose, Johannesburg, GT, ZAF, 2196

Website

https://www.angloamericankumba.com

Kumba Iron Ore Ltd is engaged in the exploration, mining, processing blending and sale of iron ore to the global steel industry. The company primarily operates in South Africa, with mining operations in the Northern Cape and Limpopo provinces, as well as a head office in Centurion, Gauteng, and a port operation in Saldanha Bay, Western Cape. The company's flagship asset is the Sishen mine, which it holds a majority stake, located near the town of Kathu in the Northern Cape Province. The Sishen mine is an opencast mine and produces the bulk of the group's iron ore, most of which is exported. It also holds interest in Kolomela mine.

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