Heavy Minerals (ASX:HVY) Equity-to-Asset : 0.77 (As of Dec. 2023)

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What is Heavy Minerals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Heavy Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$3.33 Mil. Heavy Minerals's Total Assets for the quarter that ended in Dec. 2023 was A$4.31 Mil.

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

ASX:HVY' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.77 Med: 0.98 Max: 1.01
Current: 0.77

During the past 2 years, the highest Equity to Asset Ratio of Heavy Minerals was 1.01. The lowest was 0.77. And the median was 0.98.

ASX:HVY's Equity-to-Asset is ranked worse than
51.55% of 2716 companies
in the Metals & Mining industry
Industry Median: 0.79 vs ASX:HVY: 0.77

Heavy Minerals Equity-to-Asset Historical Data

The historical data trend for Heavy Minerals'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.

Heavy Minerals Equity-to-Asset Chart

Heavy Minerals Annual Data

Trend

Jun22

Jun23

Equity-to-Asset

0.98

0.99

Heavy Minerals Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.97	0.98	0.99	0.99	0.77

Competitive Comparison of Heavy Minerals's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Heavy Minerals'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.

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

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

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

Heavy Minerals 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.

Heavy Minerals'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
	=	3.507	/	3.54
	=

Heavy Minerals'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
	=	3.325	/	4.308
	=

Heavy Minerals (ASX:HVY) 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%.

Heavy Minerals Equity-to-Asset Related Terms

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

Heavy Minerals (ASX:HVY) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

216 Saint Georges Terrace, Level 8, London House, Perth, WA, AUS, 6000

Website

https://www.heavyminerals.com

Heavy Minerals Ltd is a mineral exploration and development company. It holds the right to acquire the Port Gregory Tenements, comprising five granted exploration licenses; and has applied for a mining concession at the Inhambane Project, comprising one mining concession license application. The firm operates in one business segment being the exploration for minerals with entities based in three geographic segments, being Australia, Mauritius and Mozambique.

Heavy Minerals (ASX:HVY) Headlines

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