MEC Resources (ASX:MMR) Total Stockholders Equity : A$7.27 Mil (As of Dec. 2023)

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What is MEC Resources Total Stockholders Equity?

MEC Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$7.27 Mil. It refers to the net assets owned by shareholders. It does not include minority interest.

Total Stockholders Equity is used to calculate Book Value per Share. MEC Resources's Book Value per Share for the quarter that ended in Dec. 2023 was A$0.01. The ratio of a company's debt over equity can be used to measure how leveraged this company is. MEC Resources's Debt-to-Equity for the quarter that ended in Dec. 2023 was 0.07.

MEC Resources Total Stockholders Equity Historical Data

The historical data trend for MEC Resources's Total Stockholders Equity 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.

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MEC Resources Total Stockholders Equity Chart

MEC Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Stockholders Equity

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7.66

8.32

7.28

10.80

10.39

MEC Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Stockholders Equity	Get a 7-Day Free Trial															7.50	10.80	6.93	10.39	7.27

MEC Resources (ASX:MMR) Total Stockholders Equity Explanation

1. Total Stockholders Equity is used to calculate Book Value per Share.

MEC Resources's Book Value per Share for the quarter that ended in Dec. 2023 is

Book Value per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(7.269	-	0)	/	1008.67
	=	0.01

2. The ratio of a company's debt over equity can be used to measure how leveraged this company is.

MEC Resources's Debt-to-Equity for the quarter that ended in Dec. 2023 is

Debt-to-Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.493	+	0)	/	7.269
	=	0.07

MEC Resources Total Stockholders Equity Related Terms

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MEC Resources (ASX:MMR) Business Description

Industry

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Traded in Other Exchanges

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Address

114 Cedric Street, Unit 12, Level 1, Stirling, WA, AUS, 6151

Website

https://www.mecresources.com.au

MEC Resources Ltd through its subsidiaries is engaged in the exploration and development of oil and gas properties in Australia. The company holds interests in the EP386 and RL1 assets located in the onshore Bonaparte Basin in the north of Western Australia and Northern Territory; and PEP11 asset located in the offshore Sydney Basin.

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