Environmental Clean Technologies (ASX:ECT) Equity-to-Asset : 0.47 (As of Dec. 2023)

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What is Environmental Clean Technologies Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Environmental Clean Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$3.32 Mil. Environmental Clean Technologies's Total Assets for the quarter that ended in Dec. 2023 was A$7.01 Mil.

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

ASX:ECT' s Equity-to-Asset Range Over the Past 10 Years
Min: -1.64 Med: 0.5 Max: 0.64
Current: 0.47

During the past 13 years, the highest Equity to Asset Ratio of Environmental Clean Technologies was 0.64. The lowest was -1.64. And the median was 0.50.

ASX:ECT's Equity-to-Asset is ranked worse than
64.4% of 3034 companies
in the Industrial Products industry
Industry Median: 0.56 vs ASX:ECT: 0.47

Environmental Clean Technologies Equity-to-Asset Historical Data

The historical data trend for Environmental Clean Technologies'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.

Environmental Clean Technologies Equity-to-Asset Chart

Environmental Clean Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Equity-to-Asset

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-0.85

0.28

0.19

0.59

0.42

Environmental Clean Technologies Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	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															0.34	0.59	0.54	0.42	0.47

Competitive Comparison of Environmental Clean Technologies's Equity-to-Asset

For the Pollution & Treatment Controls subindustry, Environmental Clean Technologies'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.

Environmental Clean Technologies's Equity-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Environmental Clean Technologies's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Environmental Clean Technologies's Equity-to-Asset falls into.

Environmental Clean Technologies 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.

Environmental Clean Technologies'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
	=	3.433	/	8.182
	=

Environmental Clean Technologies'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
	=	3.323	/	7.009
	=

Environmental Clean Technologies (ASX:ECT) 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%.

Environmental Clean Technologies Equity-to-Asset Related Terms

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

Environmental Clean Technologies (ASX:ECT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Environmental Clean Technologies Ltd (ASX:ECT) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

209 Toorak Road, Suite 37, South Yarra, VIC, AUS, 3141

Website

https://www.ectltd.com.au

Environmental Clean Technologies Ltd is in the business of commercializing coal and iron-making technologies, which are capable of delivering both financial and environmental benefits. Its activities include the following processes: Coldry Process and Hydromor Process. The Coldry process is the company's first technology to be commercially viable as an economic method of dewatering brown coal to produce a black coal equivalent. Hydromor is a clean, low-emission, one-step process for producing high-grade primary iron using low-cost lignite to displace the need for coking coals as used in the incumbent blast furnace process.

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