Maronan Metals (ASX:MMA) Equity-to-Asset : 0.96 (As of Dec. 2023)

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What is Maronan Metals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Maronan Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$7.67 Mil. Maronan Metals's Total Assets for the quarter that ended in Dec. 2023 was A$7.96 Mil.

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

ASX:MMA' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.91 Med: 0.96 Max: 1
Current: 0.96

During the past 2 years, the highest Equity to Asset Ratio of Maronan Metals was 1.00. The lowest was 0.91. And the median was 0.96.

ASX:MMA's Equity-to-Asset is ranked better than
82.61% of 2709 companies
in the Metals & Mining industry
Industry Median: 0.8 vs ASX:MMA: 0.96

Maronan Metals Equity-to-Asset Historical Data

The historical data trend for Maronan Metals'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.

Maronan Metals Equity-to-Asset Chart

Maronan Metals Annual Data

Trend

Jun22

Jun23

Equity-to-Asset

0.98

0.91

Maronan Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	1.00	0.98	0.95	0.91	0.96

Competitive Comparison of Maronan Metals's Equity-to-Asset

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

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

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

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

Maronan Metals 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.

Maronan Metals'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
	=	10.921	/	12.072
	=

Maronan Metals'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
	=	7.671	/	7.963
	=

Maronan Metals (ASX:MMA) 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%.

Maronan Metals Equity-to-Asset Related Terms

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

Maronan Metals (ASX:MMA) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Griffith Street, Cloncurry, QLD, AUS, 4824

Website

http://www.maronanmetals.com.au

Maronan Metals Ltd is engaged in identifying and securing prospective mineral tenements and undertaking exploration for and development of mineral resources. It owns the Maronan lead-silver and copper-gold Project. The project is located in Queensland, Australia.

Maronan Metals (ASX:MMA) Headlines

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