Far Northern Resources (ASX:FNR) Equity-to-Asset : 0.98 (As of Jun. 2024)

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What is Far Northern Resources Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Far Northern Resources's Total Stockholders Equity for the quarter that ended in Jun. 2024 was A$9.22 Mil. Far Northern Resources's Total Assets for the quarter that ended in Jun. 2024 was A$9.42 Mil.

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

ASX:FNR' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.72 Med: 0.79 Max: 0.98
Current: 0.98

During the past 3 years, the highest Equity to Asset Ratio of Far Northern Resources was 0.98. The lowest was 0.72. And the median was 0.79.

ASX:FNR's Equity-to-Asset is ranked better than
93.72% of 2675 companies
in the Metals & Mining industry
Industry Median: 0.78 vs ASX:FNR: 0.98

Far Northern Resources Equity-to-Asset Historical Data

The historical data trend for Far Northern Resources'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.

Far Northern Resources Equity-to-Asset Chart

Far Northern Resources Annual Data

Trend

Jun21

Jun22

Jun24

Equity-to-Asset

0.72

0.79

0.98

Far Northern Resources Semi-Annual Data
	Jun21	Jun22	Jun24
Equity-to-Asset	0.72	0.79	0.98

Competitive Comparison of Far Northern Resources's Equity-to-Asset

For the Gold subindustry, Far Northern Resources'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.

Far Northern Resources's Equity-to-Asset Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Far Northern Resources's Equity-to-Asset falls into.

Far Northern Resources 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.

Far Northern Resources's Equity to Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

Equity to Asset (A: Jun. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	9.222	/	9.424
	=

Far Northern Resources's Equity to Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

Equity to Asset (Q: Jun. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	9.222	/	9.424
	=

Far Northern Resources (ASX:FNR) 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%.

Far Northern Resources Equity-to-Asset Related Terms

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

Far Northern Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Far Northern Resources Ltd (ASX:FNR) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

107 Alfred Street, Unit D, Fortitude Valley, QLD, AUS, 4006

Website

https://www.farnorthernresources.com

Far Northern Resources Ltd is a Queensland-based, gold and base metals exploration company. It holds a majority interest in two resource licenses. Its activities over the last few years have been focused on the exploration of ML 20380, a mining lease held by Premier. Its projects include the Bridge Creek Project, Empire Project and Rocks Reef Project.

Far Northern Resources Headlines

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