Many Peaks Minerals (ASX:MPK) Equity-to-Asset : 0.98 (As of Dec. 2023)

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What is Many Peaks Minerals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Many Peaks Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$3.17 Mil. Many Peaks Minerals's Total Assets for the quarter that ended in Dec. 2023 was A$3.25 Mil.

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

ASX:MPK' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.89 Med: 0.94 Max: 0.98
Current: 0.98

During the past 3 years, the highest Equity to Asset Ratio of Many Peaks Minerals was 0.98. The lowest was 0.89. And the median was 0.94.

ASX:MPK's Equity-to-Asset is ranked better than
92.91% of 2707 companies
in the Metals & Mining industry
Industry Median: 0.8 vs ASX:MPK: 0.98

Many Peaks Minerals Equity-to-Asset Historical Data

The historical data trend for Many Peaks 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.

Many Peaks Minerals Equity-to-Asset Chart

Many Peaks Minerals Annual Data

Trend

Jun21

Jun22

Jun23

Equity-to-Asset

0.84

0.89

0.93

Many Peaks Minerals Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	0.89	0.95	0.93	0.98

Competitive Comparison of Many Peaks Minerals's Equity-to-Asset

For the Other Precious Metals & Mining subindustry, Many Peaks 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.

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

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

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

Many Peaks 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.

Many Peaks 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
	=	5.074	/	5.43
	=

Many Peaks 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
	=	3.17	/	3.248
	=

Many Peaks Minerals (ASX:MPK) 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%.

Many Peaks Minerals Equity-to-Asset Related Terms

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

Many Peaks Minerals (ASX:MPK) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1060 Hay Street, Level 3, West Perth, WA, AUS, 6005

Website

https://www.manypeaks.com.au

Many Peaks Minerals Ltd is a mineral exploration and development company focused on the central region of Queensland. The company has two project baskets which include QLD Australia and NL Canada.

Many Peaks Minerals (ASX:MPK) Headlines

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