DRDGF (DRDGold) Equity-to-Asset : 0.73 (As of Jun. 2024)

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What is DRDGold Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. DRDGold's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $373.8 Mil. DRDGold's Total Assets for the quarter that ended in Jun. 2024 was $512.8 Mil. Therefore, DRDGold's Equity to Asset Ratio for the quarter that ended in Jun. 2024 was 0.73.

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

DRDGF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.54 Med: 0.69 Max: 0.77
Current: 0.73

During the past 13 years, the highest Equity to Asset Ratio of DRDGold was 0.77. The lowest was 0.54. And the median was 0.69.

DRDGF's Equity-to-Asset is ranked worse than
54.08% of 2685 companies
in the Metals & Mining industry
Industry Median: 0.78 vs DRDGF: 0.73

DRDGold Equity-to-Asset Historical Data

The historical data trend for DRDGold'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.

DRDGold Equity-to-Asset Chart

DRDGold Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Equity-to-Asset

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0.71

0.76

0.77

0.73

DRDGold Semi-Annual Data
	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23	Jun24
Equity-to-Asset	Get a 7-Day Free Trial															0.71	0.76	0.77	0.77	0.73

Competitive Comparison of DRDGold's Equity-to-Asset

For the Gold subindustry, DRDGold'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.

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

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

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

DRDGold 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.

DRDGold's Equity to Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

Equity to Asset (A: Jun. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	373.833	/	512.798
	=	0.73

DRDGold's Equity to Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

Equity to Asset (Q: Jun. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	373.833	/	512.798
	=	0.73

DRDGold (OTCPK:DRDGF) 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%.

DRDGold Equity-to-Asset Related Terms

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

DRDGold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » DRDGold Ltd (OTCPK:DRDGF) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

DRD:South Africa DRD:USA 0ICU:UK DUBA:Germany DUB1:Germany DUBA:Germany DUB1:Germany

Address

Cnr 14th Avenue and Hendrik Potgieter Road, Constantia Office Park, Cycad House, Building 17, Ground Floor, Weltevreden Park, Johannesburg, ZAF, 1709

Website

https://www.drdgold.com

DRDGold Ltd is a South African gold mining company engaged in surface gold tailings retreatment including exploration, extraction, processing, and smelting. Its reportable operating segments are; Ergo, FWGR, and Corporate office and other reconciling items. The Ergo is a surface gold retreatment operation that treats old slime dams and sand dumps to the south of Johannesburg's central business district as well as the East and Central Rand goldfields; and the FWGR which is a surface gold retreatment operation and treats old slime dams in the West Rand goldfields. The Ergo segment derives a vast majority of the company's revenue.