Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Empire Energy Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$112.30 Mil. Empire Energy Group's Total Assets for the quarter that ended in Dec. 2023 was A$171.50 Mil.
Therefore, Empire Energy Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.66.
The historical rank and industry rank for Empire Energy Group's Equity-to-Asset or its related term are showing as below:
ASX:EEG'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.25 Med: 0.42 Max: 0.69
Current: 0.66
During the past 13 years, the highest Equity to Asset Ratio of Empire Energy Group was 0.69. The lowest was 0.25. And the median was 0.42.
ASX:EEG's Equity-to-Asset is ranked better than 69.6% of 1092
companies
in the Oil & Gas industry
Industry Median: 0.51
vs ASX:EEG: 0.66
Empire Energy Group Equity-to-Asset Historical Data
The historical data trend for Empire Energy Group'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.
Competitive Comparison of Empire Energy Group's Equity-to-Asset
For the Oil & Gas E&P subindustry, Empire Energy Group'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.
Empire Energy Group's Equity-to-Asset Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Empire Energy Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Empire Energy Group's Equity-to-Asset falls into.
Empire Energy Group 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.
Empire Energy Group's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Empire Energy Group (ASX:EEG) 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%.
Empire Energy Group Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Empire Energy Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Empire Energy Group (ASX:EEG) Business Description
Empire Energy Group Ltd is an oil and gas exploration and production company focused on onshore long-life oil & gas fields, in the USA. The progression of exploration & appraisal work programs in its wholly-owned and operated exploration tenements & applications located in the high petroleum-prospective Northern Territory McArthur Basin (including the Beetaloo Sub-Basin). It sells oil and gas products to owners of domestic pipelines, utilities, and refiners located in Pennsylvania and New York. It operates in three segments- United States Operations, Northern Territory, and corporate. The majority is derived from United States operations segment, which includes all oil and gas operations located in the USA. Revenue is derived from the sale of oil and gas and the operation of wells.
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