Alvo Minerals (ASX:ALV) Equity-to-Asset : 0.83 (As of Jun. 2023)

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What is Alvo Minerals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Alvo Minerals's Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$2.84 Mil. Alvo Minerals's Total Assets for the quarter that ended in Jun. 2023 was A$3.40 Mil.

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

ASX:ALV' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.83 Med: 0.93 Max: 0.98
Current: 0.83

During the past 3 years, the highest Equity to Asset Ratio of Alvo Minerals was 0.98. The lowest was 0.83. And the median was 0.93.

ASX:ALV's Equity-to-Asset is ranked better than
54.57% of 2716 companies
in the Metals & Mining industry
Industry Median: 0.79 vs ASX:ALV: 0.83

Alvo Minerals Equity-to-Asset Historical Data

The historical data trend for Alvo 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.

Alvo Minerals Equity-to-Asset Chart

Alvo Minerals Annual Data

Trend

Dec21

Dec22

Dec23

Equity-to-Asset

0.98

0.93

0.83

Alvo Minerals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	0.98	0.96	0.93	0.83	0.83

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

For the Other Precious Metals & Mining subindustry, Alvo 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.

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

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

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

Alvo 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.

Alvo Minerals'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
	=	2.184	/	2.644
	=

Alvo Minerals'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
	=	2.835	/	3.4
	=

Alvo Minerals (ASX:ALV) 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%.

Alvo Minerals Equity-to-Asset Related Terms

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

Alvo Minerals (ASX:ALV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alvo Minerals Ltd (ASX:ALV) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

96-100 Albert Road, Level 4, South Melbourne, VIC, AUS, 3205

Website

https://www.alvo.com.au

Alvo Minerals Ltd is an active critical minerals exploration company operating in the under-explored Palmeiropolis region of central Brazil. Alvo holds the Bluebush HREE Project and the Palma Cu-Zn VMS Project.