Oz Minerals (Oz Minerals) Equity-to-Asset : 0.65 (As of Dec. 2022)

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What is Oz Minerals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Oz Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2022 was $2,640 Mil. Oz Minerals's Total Assets for the quarter that ended in Dec. 2022 was $4,096 Mil. Therefore, Oz Minerals's Equity to Asset Ratio for the quarter that ended in Dec. 2022 was 0.65.

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

OZMLF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.34 Med: 0.91 Max: 0.99
Current: 0.65

During the past 13 years, the highest Equity to Asset Ratio of Oz Minerals was 0.99. The lowest was 0.34. And the median was 0.91.

OZMLF's Equity-to-Asset is not ranked
in the Metals & Mining industry.
Industry Median: 0.8 vs OZMLF: 0.65

Oz Minerals Equity-to-Asset Historical Data

The historical data trend for Oz 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.

Oz Minerals Equity-to-Asset Chart

Oz Minerals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

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0.85

0.78

0.68

0.70

0.65

Oz Minerals Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Equity-to-Asset	Get a 7-Day Free Trial															0.68	0.70	0.70	0.69	0.65

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

For the Copper subindustry, Oz 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.

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

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

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

Oz 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.

Oz Minerals's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	2640.081	/	4096.154
	=	0.64

Oz Minerals's Equity to Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

Equity to Asset (Q: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	2640.081	/	4096.154
	=	0.64

Oz Minerals (OTCPK:OZMLF) 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%.

Oz Minerals Equity-to-Asset Related Terms

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

Oz Minerals (Oz Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Oz Minerals Ltd (OTCPK:OZMLF) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Hamra Drive, Adelaide Airport, Adelaide, SA, AUS, 5950

Website

https://www.ozminerals.com

Oz Minerals is a midtier miner that produced 125,000 metric tons of copper and 240,000 ounces of gold in 2021. Production is mainly from Carrapateena and Prominent Hill mines in South Australia, with Brazil a minor contributor. It is increasing production at its Australian mines while also pursuing incremental production in Brazil, targeting annual production of 220,000 metric tons of copper and 400,000 ounces of gold later this decade. Carrapateena and Prominent Hill's cash costs will likely remain in the lowest quartile of the cost curve once expanded, while Brazilian operations are smaller and higher cost. The West Musgrave nickel project in Western Australia is likely to be approved in 2022, which will add an average of 26,000 metric tons of nickel for its 20-year-plus life.

Oz Minerals (Oz Minerals) Headlines

From GuruFocus

Oz Minerals Is a Great Way to Invest in Copper

By Holmes Osborne, CFA Holmes Osborne, CFA • 09-21-2016