Western Mines Group (ASX:WMG) Equity-to-Asset : 0.87 (As of Dec. 2023)

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What is Western Mines Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Western Mines Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$8.89 Mil. Western Mines Group's Total Assets for the quarter that ended in Dec. 2023 was A$10.22 Mil.

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

ASX:WMG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.86 Med: 0.9 Max: 0.96
Current: 0.87

During the past 3 years, the highest Equity to Asset Ratio of Western Mines Group was 0.96. The lowest was 0.86. And the median was 0.90.

ASX:WMG's Equity-to-Asset is ranked better than
60.46% of 2716 companies
in the Metals & Mining industry
Industry Median: 0.79 vs ASX:WMG: 0.87

Western Mines Group Equity-to-Asset Historical Data

The historical data trend for Western Mines Group'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.

Western Mines Group Equity-to-Asset Chart

Western Mines Group Annual Data

Trend

Jun21

Jun22

Jun23

Equity-to-Asset

0.82

0.86

0.90

Western Mines Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	0.96	0.86	0.93	0.90	0.87

Competitive Comparison of Western Mines Group's Equity-to-Asset

For the Gold subindustry, Western Mines Group'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.

Western Mines Group's Equity-to-Asset Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Western Mines Group's Equity-to-Asset falls into.

Western Mines Group 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.

Western Mines Group'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
	=	8.063	/	8.916
	=

Western Mines Group'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
	=	8.893	/	10.219
	=

Western Mines Group (ASX:WMG) 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%.

Western Mines Group Equity-to-Asset Related Terms

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

Western Mines Group (ASX:WMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Mines Group Ltd (ASX:WMG) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Ord Street, Level 3, West Perth, WA, AUS, 6005

Website

https://www.westernmines.com.au

Western Mines Group Ltd is a mineral exploration company engaged in the exploration and discovery of high-value gold and nickel sulphide deposits across a portfolio prospective projects located on mineral belts of Western Australia. Some of its projects include Mulga Tank Ni-Cu-PGE Project, Melita Gold Project, Jasper Hill Gold Project, Youanmi Gold Project, Pavarotti Ni-Cu-PGE Project, Rock of Ages Gold Project, Broken Hill Bore Gold Project, and Pinyalling Gold Project.