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NuEnergy Gas (ASX:NGY) Equity-to-Asset : 0.61 (As of Dec. 2023)


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What is NuEnergy Gas Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. NuEnergy Gas's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$25.61 Mil. NuEnergy Gas's Total Assets for the quarter that ended in Dec. 2023 was A$41.82 Mil.

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

ASX:NGY' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.6   Med: 0.69   Max: 0.97
Current: 0.61

During the past 13 years, the highest Equity to Asset Ratio of NuEnergy Gas was 0.97. The lowest was 0.60. And the median was 0.69.

ASX:NGY's Equity-to-Asset is ranked better than
66.01% of 1059 companies
in the Oil & Gas industry
Industry Median: 0.51 vs ASX:NGY: 0.61

NuEnergy Gas Equity-to-Asset Historical Data

The historical data trend for NuEnergy Gas'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.

NuEnergy Gas Equity-to-Asset Chart

NuEnergy Gas Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.60 0.65 0.63 0.62 0.61

NuEnergy Gas Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.63 0.63 0.62 0.61 0.61

Competitive Comparison of NuEnergy Gas's Equity-to-Asset

For the Oil & Gas E&P subindustry, NuEnergy Gas'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.


NuEnergy Gas's Equity-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, NuEnergy Gas's Equity-to-Asset distribution charts can be found below:

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



NuEnergy Gas 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.

NuEnergy Gas'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
=26.941/43.51
=

NuEnergy Gas'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
=25.608/41.818
=

* 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.


NuEnergy Gas  (ASX:NGY) 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%.


NuEnergy Gas Equity-to-Asset Related Terms

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


NuEnergy Gas Business Description

Traded in Other Exchanges
Address
Unit 3, 39 Brook Street, Sunbury, VIC, AUS, 3429
NuEnergy Gas Ltd is engaged in the exploration, appraisal and development of clean natural gas also known as coal bed methane (CBM). The exploration assets of the group are predominantly located in Indonesia. The company operates in one segment which is CBM exploration.

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