MetalsGrove Mining (ASX:MGA) Equity-to-Asset : 0.99 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is MetalsGrove Mining Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. MetalsGrove Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$7.18 Mil. MetalsGrove Mining's Total Assets for the quarter that ended in Dec. 2023 was A$7.29 Mil.

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

ASX:MGA' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.92 Med: 0.93 Max: 0.99
Current: 0.99

During the past 1 years, the highest Equity to Asset Ratio of MetalsGrove Mining was 0.99. The lowest was 0.92. And the median was 0.93.

ASX:MGA's Equity-to-Asset is ranked better than
97.79% of 2716 companies
in the Metals & Mining industry
Industry Median: 0.79 vs ASX:MGA: 0.99

MetalsGrove Mining Equity-to-Asset Historical Data

The historical data trend for MetalsGrove 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.

MetalsGrove Mining Equity-to-Asset Chart

MetalsGrove Mining Annual Data

Trend

Jun23

Equity-to-Asset

0.92

MetalsGrove Mining Semi-Annual Data
	Dec22	Jun23	Dec23
Equity-to-Asset	0.93	0.92	0.99

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

For the Other Industrial Metals & Mining subindustry, MetalsGrove 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.

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

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

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

MetalsGrove 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.

MetalsGrove Mining'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
	=	7.678	/	8.376
	=

MetalsGrove 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
	=	7.182	/	7.288
	=

MetalsGrove Mining (ASX:MGA) 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%.

MetalsGrove Mining Equity-to-Asset Related Terms

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

MetalsGrove Mining (ASX:MGA) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

123A Colin Street, Suite 6, West Perth, Perth, WA, AUS, 6005

Website

https://www.metalsgrove.com.au

MetalsGrove Mining Ltd is an Australian-based exploration and development company, focused on the exploration and development of its portfolio of high-quality lithium, rare earth, copper-gold, manganese, and base metal projects in Western Australia and the Northern Territory. Its projects include Upper Coondina Project; Bruce Project; Box Hole project; Edwards Creek project; and Woodie Woodie North Manganese Project.