Equatorial Resources (ASX:EQX) Total Assets : A$14.70 Mil (As of Dec. 2024)

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What is Equatorial Resources Total Assets?

Equatorial Resources's Total Assets for the quarter that ended in Dec. 2024 was A$14.70 Mil.

During the past 12 months, Equatorial Resources's average Total Assets Growth Rate was 0.70% per year. During the past 3 years, the average Total Assets Growth Rate was 310.70% per year. During the past 5 years, the average Total Assets Growth Rate was -30.80% per year. During the past 10 years, the average Total Assets Growth Rate was -37.70% per year.

During the past 13 years, Equatorial Resources's highest 3-Year average Total Assets Growth Rate was 493.50%. The lowest was -77.10%. And the median was -11.10%.

Total Assets is connected with ROA %. Equatorial Resources's annualized ROA % for the quarter that ended in Dec. 2024 was -10.67%. Total Assets is also linked to Revenue through Asset Turnover. Equatorial Resources's Asset Turnover for the quarter that ended in Dec. 2024 was 0.00.

Equatorial Resources Total Assets Historical Data

The historical data trend for Equatorial Resources's Total Assets 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.

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Equatorial Resources Total Assets Chart

Equatorial Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Assets

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42.53

35.25

18.50

16.70

15.90

Equatorial Resources Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Total Assets	Get a 7-Day Free Trial															17.62	16.70	17.73	15.90	14.70

Equatorial Resources Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Equatorial Resources's Total Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (A: Jun. 2024 )	+	Total Liabilities (A: Jun. 2024 )
	=	14.05	+	1.845
	=	15.90

Equatorial Resources's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2024 )	+	Total Liabilities (Q: Dec. 2024 )
	=	13.31	+	1.394
	=	14.70

Equatorial Resources (ASX:EQX) Total Assets Explanation

Total Assets is connected with ROA %.

Equatorial Resources's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %	=	Net Income (Q: Dec. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	-1.632	/	( (15.895	+	14.703)	/ 2 )
	=	-1.632	/	15.299
	=	-10.67 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Equatorial Resources's Asset Turnover for the quarter that ended in Dec. 2024 is

	Asset Turnover
=	Revenue (Q: Dec. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
=	0	/	( (15.895	+	14.703)	/ 2 )
=	0	/	15.299
=	0.00

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Equatorial Resources Total Assets Related Terms

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Equatorial Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Equatorial Resources Ltd (ASX:EQX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

PBU:Germany

Address

28 The Esplanade, Level 9, BGC Centre, Perth, WA, AUS, 6000

Website

https://www.equatorialresources.com.au

Equatorial Resources Ltd is an iron ore exploration and development company. The company's iron ore projects are located in the Republic of Congo (ROC). The company focuses on advancing its existing mineral resource assets in Africa, as well as searching for new opportunities in the resources sector. It operates the Badondo Iron Project located in the northwest region of the Republic of Congo. Central & West Africa hosts a regional distribution of undeveloped world-class high-grade iron ore deposits. It is comprised of the same rock type and similar geological formation as the Carajas System in South America.