Bisalloy Steel Group (ASX:BIS) Equity-to-Asset : 0.59 (As of Dec. 2023)

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What is Bisalloy Steel Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Bisalloy Steel Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$69.3 Mil. Bisalloy Steel Group's Total Assets for the quarter that ended in Dec. 2023 was A$117.4 Mil. Therefore, Bisalloy Steel Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.59.

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

ASX:BIS' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.38 Med: 0.45 Max: 0.61
Current: 0.59

During the past 13 years, the highest Equity to Asset Ratio of Bisalloy Steel Group was 0.61. The lowest was 0.38. And the median was 0.45.

ASX:BIS's Equity-to-Asset is ranked better than
59.9% of 631 companies
in the Steel industry
Industry Median: 0.53 vs ASX:BIS: 0.59

Bisalloy Steel Group Equity-to-Asset Historical Data

The historical data trend for Bisalloy Steel Group'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.

Bisalloy Steel Group Equity-to-Asset Chart

Bisalloy Steel Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Equity-to-Asset

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0.41

0.45

0.54

0.57

0.61

Bisalloy Steel Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.58	0.57	0.56	0.61	0.59

Competitive Comparison of Bisalloy Steel Group's Equity-to-Asset

For the Steel subindustry, Bisalloy Steel Group'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.

Bisalloy Steel Group's Equity-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Bisalloy Steel Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Bisalloy Steel Group's Equity-to-Asset falls into.

Bisalloy Steel Group 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.

Bisalloy Steel Group'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
	=	67.967	/	112.259
	=	0.61

Bisalloy Steel Group'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
	=	69.251	/	117.372
	=	0.59

Bisalloy Steel Group (ASX:BIS) 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%.

Bisalloy Steel Group Equity-to-Asset Related Terms

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

Bisalloy Steel Group (ASX:BIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Bisalloy Steel Group Ltd (ASX:BIS) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Resolution Drive, Unanderra, Wollongong, NSW, AUS, 2526

Website

https://www.bisalloy.com.au

Bisalloy Steel Group Ltd is engaged in the processing and sale of quenched and tempered high-tensile, and abrasion-resistant steel plates. The company is organized into geographical operating segments, being Australian Operations is engaged in the distribution of wear-grade and high tensile plates through distributors and directly to original equipment manufacturers in both Australia and Overseas. Its Overseas Operations engage in the distribution of the abrasion-resistant plate as well as other steel plate products. The Overseas Operations also focus on the marketing and distribution of quench and tempered steel plates. The majority of its revenue is derived from Australian Operations. The company's products are marketed under the BISALLOY brand name.