Deterra Royalties (ASX:DRR) Equity-to-Asset : 0.82 (As of Dec. 2023)

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What is Deterra Royalties Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Deterra Royalties's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$82.3 Mil. Deterra Royalties's Total Assets for the quarter that ended in Dec. 2023 was A$100.7 Mil. Therefore, Deterra Royalties's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.82.

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

ASX:DRR' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.69 Med: 0.81 Max: 0.86
Current: 0.82

During the past 3 years, the highest Equity to Asset Ratio of Deterra Royalties was 0.86. The lowest was 0.69. And the median was 0.81.

ASX:DRR's Equity-to-Asset is ranked better than
52.29% of 2702 companies
in the Metals & Mining industry
Industry Median: 0.8 vs ASX:DRR: 0.82

Deterra Royalties Equity-to-Asset Historical Data

The historical data trend for Deterra Royalties'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.

Deterra Royalties Equity-to-Asset Chart

Deterra Royalties Annual Data

Trend

Jun21

Jun22

Jun23

Equity-to-Asset

0.69

0.78

0.81

Deterra Royalties Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.86	0.78	0.83	0.81	0.82

Competitive Comparison of Deterra Royalties's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Deterra Royalties'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.

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

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

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

Deterra Royalties 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.

Deterra Royalties'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
	=	92.138	/	113.473
	=	0.81

Deterra Royalties'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
	=	82.316	/	100.725
	=	0.82

Deterra Royalties (ASX:DRR) 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%.

Deterra Royalties Equity-to-Asset Related Terms

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

Deterra Royalties (ASX:DRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Deterra Royalties Ltd (ASX:DRR) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

DETRF:USA

Address

140 St Georges Terrace, Level 16, Perth, WA, AUS, 6000

Website

https://www.iluka.com

Deterra Royalties was spun out from Iluka Resources in October 2020 with Iluka retaining a 20% interest. Its only material income generating asset is a royalty covering iron ore produced by BHP from the Mining Area C royalty area, located in the Pilbara region of Western Australia. The royalty area includes the North Flank mine, producing approximately 60 million metric tons of iron ore a year, and the South Flank mine, expected to add a further 85 million metric tons a year by 2024 after producing first ore in 2021. The MAC royalty area also covers most of the Tandanya and Mudlark deposits, which BHP intends to develop in the longer term as part of its plan to operate the MAC production hub for at least 50 years. Deterra's strategy is to grow into a diversified royalty company.