New Hope (New Hope) Equity-to-Asset : 0.82 (As of Jan. 2024)

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What is New Hope Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. New Hope's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $1,660 Mil. New Hope's Total Assets for the quarter that ended in Jan. 2024 was $2,026 Mil. Therefore, New Hope's Equity to Asset Ratio for the quarter that ended in Jan. 2024 was 0.82.

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

NHPEF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.63 Med: 0.79 Max: 0.9
Current: 0.82

During the past 13 years, the highest Equity to Asset Ratio of New Hope was 0.90. The lowest was 0.63. And the median was 0.79.

NHPEF's Equity-to-Asset is ranked better than
70.17% of 181 companies
in the Other Energy Sources industry
Industry Median: 0.59 vs NHPEF: 0.82

New Hope Equity-to-Asset Historical Data

The historical data trend for New Hope'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 Hope Equity-to-Asset Chart

New Hope Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Equity-to-Asset

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0.70

0.68

0.63

0.68

0.78

New Hope Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Equity-to-Asset	Get a 7-Day Free Trial															0.71	0.68	0.74	0.78	0.82

Competitive Comparison of New Hope's Equity-to-Asset

For the Thermal Coal subindustry, New Hope'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 Hope's Equity-to-Asset Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, New Hope's Equity-to-Asset distribution charts can be found below:

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

New Hope 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 Hope's Equity to Asset Ratio for the fiscal year that ended in Jul. 2023 is calculated as

Equity to Asset (A: Jul. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1700.206	/	2186.991
	=	0.78

New Hope's Equity to Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

Equity to Asset (Q: Jan. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	1660.042	/	2026.184
	=	0.82

New Hope (OTCPK:NHPEF) 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 Hope Equity-to-Asset Related Terms

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

New Hope (New Hope) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » New Hope Corp Ltd (OTCPK:NHPEF) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

OD8:Germany NHC:Australia

Address

175 Eagle Street, Level 16, Brisbane, QLD, AUS, 4000

Website

https://www.newhopegroup.com.au

New Hope Corporation is an Australian thermal coal miner. It has two operating mines: the 100%-owned New Acland coal mine in Queensland and its 80%-owned Bengalla coal mine in New South Wales. The company should produce around 13 million metric tons of equity salable thermal coal annually from fiscal 2027, up from around 8 million in fiscal 2023, driven by the construction and ramp up of New Acland Stage 3. The vast majority of New Hope's production is sold into seaborne thermal coal export markets. Reserves at New Acland and Bengalla are sufficient to support multidecade mine lives. New Hope also has significant undeveloped coal resources in Queensland, as well as a 15% holding in the Malabar-Maxwell metallurgical coal mine, which began production in 2023.

New Hope (New Hope) Headlines

From GuruFocus

New Hope Corp Ltd's Dividend Analysis

By GuruFocus Research • 10-23-2023