New Century Resources (ASX:NCZ) Equity-to-Asset : 0.17 (As of Dec. 2022)

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What is New Century Resources Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. New Century Resources's Total Stockholders Equity for the quarter that ended in Dec. 2022 was A$76.7 Mil. New Century Resources's Total Assets for the quarter that ended in Dec. 2022 was A$462.0 Mil. Therefore, New Century Resources's Equity to Asset Ratio for the quarter that ended in Dec. 2022 was 0.17.

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

ASX:NCZ' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.11 Med: 0.13 Max: 0.99
Current: 0.17

During the past 12 years, the highest Equity to Asset Ratio of New Century Resources was 0.99. The lowest was -0.11. And the median was 0.13.

ASX:NCZ's Equity-to-Asset is not ranked
in the Metals & Mining industry.
Industry Median: 0.8 vs ASX:NCZ: 0.17

New Century Resources Equity-to-Asset Historical Data

The historical data trend for New Century Resources'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.

New Century Resources Equity-to-Asset Chart

New Century Resources Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Equity-to-Asset

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-0.07

-0.10

0.11

0.14

0.22

New Century Resources Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Equity-to-Asset	Get a 7-Day Free Trial															0.18	0.14	0.19	0.22	0.17

Competitive Comparison of New Century Resources's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, New Century Resources'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.

New Century Resources's Equity-to-Asset Distribution in the Metals & Mining Industry

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

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

New Century Resources 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.

New Century Resources's Equity to Asset Ratio for the fiscal year that ended in Jun. 2022 is calculated as

Equity to Asset (A: Jun. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	102.862	/	462.923
	=	0.22

New Century Resources's Equity to Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

Equity to Asset (Q: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	76.729	/	462.04
	=	0.17

New Century Resources (ASX:NCZ) 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%.

New Century Resources Equity-to-Asset Related Terms

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

New Century Resources (ASX:NCZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Century Resources Ltd (ASX:NCZ) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

360 Collins Street, Level 4, Melbourne, VIC, AUS, 3000

Website

https://www.newcenturyresources.com

New Century Resources Ltd is a mining company focused on producing metal from globally significant assets, acquired on attractive terms while rehabilitating legacy impacts on the environment. The company is a Zinc producer, operating Australia's hydraulic mining operation at the Century Mine in Queensland; extracting, processing and shipping Zinc reprocessed from historical tailings waste. It is actively progressing organic growth opportunities through in-situ projects at Century and exploring the potential to restart the Mt Lyell Copper Mine in Tasmania using renewable energy. In addition, the group is partnering with major mining companies to reprocess and rehabilitate tailings, to the benefit of the shareholders and the environment.