DRA Global (ASX:DRA) Equity-to-Asset

: 0.48 (As of Dec. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. DRA Global's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$257.7 Mil. DRA Global's Total Assets for the quarter that ended in Dec. 2023 was A$538.2 Mil. Therefore, DRA Global's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.48.

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

ASX:DRA' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.28 Med: 0.43 Max: 0.48
Current: 0.48

During the past 4 years, the highest Equity to Asset Ratio of DRA Global was 0.48. The lowest was 0.28. And the median was 0.43.

ASX:DRA's Equity-to-Asset is ranked better than
56.92% of 1676 companies
in the Construction industry
Industry Median: 0.44 vs ASX:DRA: 0.48

DRA Global Equity-to-Asset Historical Data

The historical data trend for DRA Global'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.

DRA Global Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.28

0.40

0.45

0.48

DRA Global Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	0.40	0.43	0.45	0.47	0.48

Competitive Comparison

For the Engineering & Construction subindustry, DRA Global'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.

DRA Global Equity-to-Asset Distribution

For the Construction industry and Industrials sector, DRA Global's Equity-to-Asset distribution charts can be found below:

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

DRA Global 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.

DRA Global's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	257.695	/	538.215
	=	0.48

DRA Global'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
	=	257.695	/	538.215
	=	0.48

DRA Global (ASX:DRA) 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%.

DRA Global Equity-to-Asset Related Terms

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

DRA Global (ASX:DRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » DRA Global Ltd (ASX:DRA) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

DRA:South Africa

Address

256 Adelaide Terrace, Level 8, Perth, WA, AUS, 6000

Website

https://www.draglobal.com

DRA Global Ltd is a diversified global engineering, project delivery, and operations management group. It provides engineering excellence through all stages of the project life cycle from concept through delivery, commissioning, operations, and rehabilitation. DRA has expertise in mining, minerals and metals processing, and related non-process infrastructure, including ESG, water, and energy solutions for the mining industry. Some of its projects are Elikhulu Gold, Yangibana Rare Earths Project, and Northam Platinum among others.

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