Close The Loop (ASX:CLG) Equity-to-Asset : 0.44 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Close The Loop Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Close The Loop's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$132.9 Mil. Close The Loop's Total Assets for the quarter that ended in Dec. 2023 was A$303.2 Mil. Therefore, Close The Loop's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.44.

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

ASX:CLG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.44 Med: 0.52 Max: 0.57
Current: 0.44

During the past 2 years, the highest Equity to Asset Ratio of Close The Loop was 0.57. The lowest was 0.44. And the median was 0.52.

ASX:CLG's Equity-to-Asset is ranked better than
52.03% of 246 companies
in the Waste Management industry
Industry Median: 0.425 vs ASX:CLG: 0.44

Close The Loop Equity-to-Asset Historical Data

The historical data trend for Close The Loop'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.

Close The Loop Equity-to-Asset Chart

Close The Loop Annual Data

Trend

Jun22

Jun23

Equity-to-Asset

0.57

0.46

Close The Loop Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	0.57	0.57	0.52	0.46	0.44

Competitive Comparison of Close The Loop's Equity-to-Asset

For the Waste Management subindustry, Close The Loop'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.

Close The Loop's Equity-to-Asset Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Close The Loop's Equity-to-Asset distribution charts can be found below:

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

Close The Loop 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.

Close The Loop's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	123.543	/	271.379
	=	0.46

Close The Loop'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
	=	132.899	/	303.197
	=	0.44

Close The Loop (ASX:CLG) 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%.

Close The Loop Equity-to-Asset Related Terms

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

Close The Loop (ASX:CLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Close The Loop Ltd (ASX:CLG) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

43-47 Cleeland Road, Oakleigh South, Melbourne, VIC, AUS, 3167

Website

https://www.closetheloop.com.au

Close The Loop Ltd provides reuse, recycling, and sustainability solutions. The company has developed a battery collection and recycling solution in Australia. The group has two operating segments based on differences in products and services provided: resource recovery and packaging.

Close The Loop (ASX:CLG) Headlines

No Headlines