Advance Metals (ASX:AVM) Equity-to-Asset : 0.96 (As of Jun. 2023)

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What is Advance Metals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Advance Metals's Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$5.26 Mil. Advance Metals's Total Assets for the quarter that ended in Jun. 2023 was A$5.46 Mil.

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

ASX:AVM' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.41 Med: 0.96 Max: 0.97
Current: 0.97

During the past 13 years, the highest Equity to Asset Ratio of Advance Metals was 0.97. The lowest was 0.41. And the median was 0.96.

ASX:AVM's Equity-to-Asset is ranked better than
98.1% of 633 companies
in the Steel industry
Industry Median: 0.53 vs ASX:AVM: 0.97

Advance Metals Equity-to-Asset Historical Data

The historical data trend for Advance Metals'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.

Advance Metals Equity-to-Asset Chart

Advance Metals Annual Data

Trend

Aug14

Aug15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.95

0.97

Advance Metals Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.97	0.96	0.97	0.96	0.97

Competitive Comparison of Advance Metals's Equity-to-Asset

For the Coking Coal subindustry, Advance Metals'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.

Advance Metals's Equity-to-Asset Distribution in the Steel Industry

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

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

Advance Metals 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.

Advance Metals'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
	=	5.674	/	5.841
	=

Advance Metals'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
	=	5.258	/	5.458
	=

Advance Metals (ASX:AVM) 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%.

Advance Metals Equity-to-Asset Related Terms

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

Advance Metals (ASX:AVM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Advance Metals Ltd (ASX:AVM) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

89 York Street, Suite 706, Level 7, Sydney, NSW, AUS, 2000

Website

https://www.advancemetals.com.au

Advance Metals Ltd is a Australia-based mineral exploration company engaged in investment in renewable energy and coal exploration. It holds coal licenses for exploration in the coking coal regions of Kootenay in British Columbia and applications for exploration licenses in the metallurgical coal region of the Arkoma Basin in Oklahoma. The Group has only two reportable segments, being the geographic location of assets in Canada and Australia. The company plans to develop a portfolio of projects that support the green economy through the discovery and delivery of commodities that promote electrification and decarbonization.

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