Cavalier Resources (ASX:CVR) Equity-to-Asset : 0.98 (As of Dec. 2023)

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What is Cavalier Resources Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Cavalier Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$4.47 Mil. Cavalier Resources's Total Assets for the quarter that ended in Dec. 2023 was A$4.56 Mil.

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

ASX:CVR' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.93 Med: 0.96 Max: 1
Current: 0.98

During the past 2 years, the highest Equity to Asset Ratio of Cavalier Resources was 1.00. The lowest was 0.93. And the median was 0.96.

ASX:CVR's Equity-to-Asset is ranked better than
92.97% of 2715 companies
in the Metals & Mining industry
Industry Median: 0.79 vs ASX:CVR: 0.98

Cavalier Resources Equity-to-Asset Historical Data

The historical data trend for Cavalier 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.

Cavalier Resources Equity-to-Asset Chart

Cavalier Resources Annual Data

Trend

Jun22

Jun23

Equity-to-Asset

0.93

0.95

Cavalier Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	1.00	0.93	-	0.95	0.98

Competitive Comparison of Cavalier Resources's Equity-to-Asset

For the Gold subindustry, Cavalier 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.

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

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

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

Cavalier 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.

Cavalier Resources'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
	=	4.712	/	4.988
	=	0.94

Cavalier Resources'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
	=	4.47	/	4.561
	=

Cavalier Resources (ASX:CVR) 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%.

Cavalier Resources Equity-to-Asset Related Terms

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

Cavalier Resources (ASX:CVR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Mount Street, Level 2, Perth, WA, AUS, 6000

Website

https://www.cavalierresources.com.au

Cavalier Resources Ltd is focused on identifying and acquiring prospective mineral exploration projects. The company owns or has the right to acquire controlling interests in Tenements in Western Australia, collectively known as the Leonora Gold Project, Hidden Jewel Gold Project, and Ella's Rock Nickel-Gold Project. These projects are prospective for gold and nickel mineralization. The company has a single geographical location i.e. Australia.