M3 Mining (ASX:M3M) Equity-to-Asset : 0.90 (As of Dec. 2023)

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What is M3 Mining Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. M3 Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$1.95 Mil. M3 Mining's Total Assets for the quarter that ended in Dec. 2023 was A$2.17 Mil.

The historical rank and industry rank for M3 Mining's Equity-to-Asset or its related term are showing as below:

ASX:M3M' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.86 Med: 0.91 Max: 0.94
Current: 0.86

During the past 3 years, the highest Equity to Asset Ratio of M3 Mining was 0.94. The lowest was 0.86. And the median was 0.91.

ASX:M3M's Equity-to-Asset is ranked better than
60.6% of 2685 companies
in the Metals & Mining industry
Industry Median: 0.78 vs ASX:M3M: 0.86

M3 Mining Equity-to-Asset Historical Data

The historical data trend for M3 Mining'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.

M3 Mining Equity-to-Asset Chart

M3 Mining Annual Data

Trend

Jun22

Jun23

Jun24

Equity-to-Asset

0.94

0.91

0.86

M3 Mining Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Equity-to-Asset	Get a 7-Day Free Trial			0.94	0.96	0.91	0.90	0.86

Competitive Comparison of M3 Mining's Equity-to-Asset

For the Other Precious Metals & Mining subindustry, M3 Mining'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.

M3 Mining's Equity-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, M3 Mining's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where M3 Mining's Equity-to-Asset falls into.

M3 Mining 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.

M3 Mining'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
	=	1.825	/	2.116
	=

M3 Mining'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
	=	1.954	/	2.168
	=

M3 Mining (ASX:M3M) 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%.

M3 Mining Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of M3 Mining's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

M3 Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » M3 Mining Ltd (ASX:M3M) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

225 St Georges Terrace, Level 4, West Perth, Perth, WA, AUS, 6000

Website

https://www.m3mining.com.au

M3 Mining Ltd is a mining exploration company. It focuses on unlocking copper and gold deposit in West Australian mining jurisdiction. The company's project includes Victoria Bore Copper and Edjudina Gold. The Company has one reportable segment, being mineral exploration in Australia.

M3 Mining Headlines

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