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Viridis Mining and Minerals (ASX:VMM) Equity-to-Asset : 0.80 (As of Dec. 2023)


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What is Viridis Mining and Minerals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Viridis Mining and Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$9.02 Mil. Viridis Mining and Minerals's Total Assets for the quarter that ended in Dec. 2023 was A$11.25 Mil.

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

ASX:VMM' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.8   Med: 0.89   Max: 0.98
Current: 0.96

During the past 4 years, the highest Equity to Asset Ratio of Viridis Mining and Minerals was 0.98. The lowest was 0.80. And the median was 0.89.

ASX:VMM's Equity-to-Asset is ranked better than
97.67% of 644 companies
in the Steel industry
Industry Median: 0.54 vs ASX:VMM: 0.96

Viridis Mining and Minerals Equity-to-Asset Historical Data

The historical data trend for Viridis Mining and 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.

Viridis Mining and Minerals Equity-to-Asset Chart

Viridis Mining and Minerals Annual Data
Trend Jun21 Jun22 Jun23 Jun24
Equity-to-Asset
0.98 0.98 0.83 0.96

Viridis Mining and Minerals Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24
Equity-to-Asset 0.98 0.95 0.83 0.80 0.96

Competitive Comparison of Viridis Mining and Minerals's Equity-to-Asset

For the Coking Coal subindustry, Viridis Mining and 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.

Viridis Mining and Minerals's Equity-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Viridis Mining and Minerals's Equity-to-Asset distribution charts can be found below:

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


Viridis Mining and 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.

Viridis Mining and 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
=3.843/4.659
=

Viridis Mining and 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
=9.021/11.245
=

* 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.

Viridis Mining and Minerals  (ASX:VMM) 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%.

Viridis Mining and Minerals Equity-to-Asset Related Terms

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

Viridis Mining and Minerals Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Viridis Mining and Minerals Ltd (ASX:VMM) » Definitions » Equity-to-Asset
Comparable Companies
ASX:TIG ASX:AKM ASX:AJL ASX:JAL ASX:AVM ASX:CKA ASX:BRL ASX:BCB SZSE:000723 AMR ARCH HCC MIC:RASP ASX:SMR ASX:CRN SHSE:600740 HKSE:00639 SHSE:600997 WAR:JSW SHSE:601011
Traded in Other Exchanges
N/A
Address
108 St Georges Terrace, Level 50, Perth, WA, AUS, 6000
Website
https://www.viridismining.com.au
Viridis Mining and Minerals Ltd is a mineral exploration company. It operates in the geographical areas of Australia and Canada. The company's projects include South Kitikmeot Gold Project, which the company considers to be prospective for gold, the Boddington West Project, which the company considers to be prospective for gold, the Bindoon Project, which the Company considers to be prospective for nickel, copper and platinum group elements, Poochera Project and Smoky Halloysite Project, which the Company considers to be prospective for kaolin-halloysite.