Stelar Metals (ASX:SLB) Equity-to-Asset : 0.97 (As of Jun. 2023)

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What is Stelar Metals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Stelar Metals's Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$7.04 Mil. Stelar Metals's Total Assets for the quarter that ended in Jun. 2023 was A$7.28 Mil.

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

ASX:SLB' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.94 Med: 0.96 Max: 0.97
Current: 0.97

During the past 2 years, the highest Equity to Asset Ratio of Stelar Metals was 0.97. The lowest was 0.94. And the median was 0.96.

ASX:SLB's Equity-to-Asset is ranked better than
87.26% of 2701 companies
in the Metals & Mining industry
Industry Median: 0.8 vs ASX:SLB: 0.97

Stelar Metals Equity-to-Asset Historical Data

The historical data trend for Stelar 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.

Stelar Metals Equity-to-Asset Chart

Stelar Metals Annual Data

Trend

Jun22

Jun23

Equity-to-Asset

0.94

0.97

Stelar Metals Semi-Annual Data
	Jun22	Jun23
Equity-to-Asset	0.94	0.97

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

For the Other Industrial Metals & Mining subindustry, Stelar 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.

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

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

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

Stelar 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.

Stelar 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
	=	7.038	/	7.277
	=

Stelar Metals's Equity to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

Equity to Asset (Q: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	7.038	/	7.277
	=

Stelar Metals (ASX:SLB) 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%.

Stelar Metals Equity-to-Asset Related Terms

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

Stelar Metals (ASX:SLB) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Greenhill Road, Wayville, SA, AUS, 5034

Website

https://www.stelarmetals.com.au

Stelar Metals Ltd is a mineral exploration company. Its projects include Evelyn Dam Project, Linda Zinc Project, Torrens Project, Barratta Project, and Gunson Project.