Cosmo Metals (ASX:CMO) Equity-to-Asset : 0.98 (As of Dec. 2023)

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What is Cosmo Metals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Cosmo Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$8.62 Mil. Cosmo Metals's Total Assets for the quarter that ended in Dec. 2023 was A$8.83 Mil.

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

ASX:CMO' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.94 Med: 0.96 Max: 0.98
Current: 0.94

During the past 2 years, the highest Equity to Asset Ratio of Cosmo Metals was 0.98. The lowest was 0.94. And the median was 0.96.

ASX:CMO's Equity-to-Asset is ranked better than
76.95% of 2686 companies
in the Metals & Mining industry
Industry Median: 0.78 vs ASX:CMO: 0.94

Cosmo Metals Equity-to-Asset Historical Data

The historical data trend for Cosmo 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.

Cosmo Metals Equity-to-Asset Chart

Cosmo Metals Annual Data

Trend

Jun23

Jun24

Equity-to-Asset

0.96

0.94

Cosmo Metals Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Equity-to-Asset	0.95	0.96	0.98	0.94

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

For the Other Industrial Metals & Mining subindustry, Cosmo 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.

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

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

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

Cosmo 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.

Cosmo Metals'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
	=	8.912	/	9.26
	=

Cosmo Metals'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
	=	8.623	/	8.834
	=

Cosmo Metals (ASX:CMO) 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%.

Cosmo Metals Equity-to-Asset Related Terms

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

Cosmo Metals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 Colin Street, Level 1, Perth, WA, AUS, 6005

Website

https://www.cosmometals.com.au

Cosmo Metals Ltd is a base metals exploration company focused on the Yamarna Project, Kanowna Gold Project and Winchester Project. It operates only in Australia.