Altech Batteries (ASX:ATC) Equity-to-Asset : 0.85 (As of Dec. 2024)

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What is Altech Batteries Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Altech Batteries's Total Stockholders Equity for the quarter that ended in Dec. 2024 was A$35.41 Mil. Altech Batteries's Total Assets for the quarter that ended in Dec. 2024 was A$41.74 Mil. Therefore, Altech Batteries's Equity to Asset Ratio for the quarter that ended in Dec. 2024 was 0.85.

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

ASX:ATC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.69 Med: 0.88 Max: 0.99
Current: 0.85

During the past 13 years, the highest Equity to Asset Ratio of Altech Batteries was 0.99. The lowest was 0.69. And the median was 0.88.

ASX:ATC's Equity-to-Asset is ranked better than
88.57% of 1583 companies
in the Chemicals industry
Industry Median: 0.59 vs ASX:ATC: 0.85

Altech Batteries Equity-to-Asset Historical Data

The historical data trend for Altech Batteries'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.

Altech Batteries Equity-to-Asset Chart

Altech Batteries Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Equity-to-Asset

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0.89

0.99

0.80

0.76

Altech Batteries Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Equity-to-Asset	Get a 7-Day Free Trial															0.94	0.80	0.79	0.76	0.85

Competitive Comparison of Altech Batteries's Equity-to-Asset

For the Specialty Chemicals subindustry, Altech Batteries'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.

Altech Batteries's Equity-to-Asset Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Altech Batteries's Equity-to-Asset distribution charts can be found below:

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

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Altech Batteries 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.

Altech Batteries'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
	=	28.982	/	38.103
	=

Altech Batteries's Equity to Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

Equity to Asset (Q: Dec. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	35.412	/	41.736
	=	0.85

Altech Batteries (ASX:ATC) 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%.

Altech Batteries Equity-to-Asset Related Terms

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

Altech Batteries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Altech Batteries Ltd (ASX:ATC) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

ALTHF:USA A3Y:Germany

Address

295 Rokeby Road, Suite 8, Subiaco, Perth, WA, AUS, 6008

Website

https://www.altechgroup.com

Altech Batteries Ltd is a specialty battery technology company. It is engaged in commercializing the CERENERGY Sodium Chloride Solid State (SCSS) Battery project planned for the grid storage battery market, as well as its patented Silumina Anodes battery materials coating technology, which aims to increase the capacity of lithium-ion batteries by including high-purity alumina coated silicon and graphite in the anode of the battery. The company operates four reportable segments, being the development of Silumina Anodes, CERENERGY, High Purity Alumina (HPA), and Corporate which derives maximum revenue. Geographically, a majority of its revenue is derived from Australia, and the company also has a presence in Germany and Malaysia.