Armada Metals (ASX:AMM) Equity-to-Asset : 0.42 (As of Jun. 2023)

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What is Armada Metals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Armada Metals's Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$5.86 Mil. Armada Metals's Total Assets for the quarter that ended in Jun. 2023 was A$13.84 Mil. Therefore, Armada Metals's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was 0.42.

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

ASX:AMM' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.3 Med: 0.48 Max: 0.74
Current: 0.3

During the past 3 years, the highest Equity to Asset Ratio of Armada Metals was 0.74. The lowest was 0.30. And the median was 0.48.

ASX:AMM's Equity-to-Asset is ranked worse than
81.84% of 2715 companies
in the Metals & Mining industry
Industry Median: 0.79 vs ASX:AMM: 0.30

Armada Metals Equity-to-Asset Historical Data

The historical data trend for Armada Metals'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.

Armada Metals Equity-to-Asset Chart

Armada Metals Annual Data

Trend

Dec21

Dec22

Dec23

Equity-to-Asset

0.74

0.48

0.30

Armada Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	0.74	0.49	0.48	0.42	0.30

Competitive Comparison of Armada Metals's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Armada Metals'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.

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

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

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

Armada Metals 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.

Armada Metals'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
	=	4.764	/	15.952
	=

Armada Metals's Equity to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

Equity to Asset (Q: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	5.863	/	13.837
	=	0.42

Armada Metals (ASX:AMM) 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%.

Armada Metals Equity-to-Asset Related Terms

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

Armada Metals (ASX:AMM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

151 Macquarie Street, Level 7, Sydney, NSW, AUS, 2000

Website

https://www.armadametals.com.au

Armada Metals Ltd is a mineral exploration and development company. It explores nickel, and copper deposits. The business is organized into one segment which is the exploration for metals in Gabon.

Armada Metals (ASX:AMM) Headlines

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