E79 Gold Mines (ASX:E79) Equity-to-Asset : 0.92 (As of Dec. 2023)

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What is E79 Gold Mines Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. E79 Gold Mines's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$5.84 Mil. E79 Gold Mines's Total Assets for the quarter that ended in Dec. 2023 was A$6.34 Mil.

The historical rank and industry rank for E79 Gold Mines's Equity-to-Asset or its related term are showing as below:

ASX:E79' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.91 Med: 0.96 Max: 1
Current: 0.92

During the past 2 years, the highest Equity to Asset Ratio of E79 Gold Mines was 1.00. The lowest was 0.91. And the median was 0.96.

ASX:E79's Equity-to-Asset is ranked better than
70.17% of 2715 companies
in the Metals & Mining industry
Industry Median: 0.79 vs ASX:E79: 0.92

E79 Gold Mines Equity-to-Asset Historical Data

The historical data trend for E79 Gold Mines'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.

E79 Gold Mines Equity-to-Asset Chart

E79 Gold Mines Annual Data

Trend

Jun22

Jun23

Equity-to-Asset

0.96

0.91

E79 Gold Mines Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.97	0.96	0.96	0.91	0.92

Competitive Comparison of E79 Gold Mines's Equity-to-Asset

For the Gold subindustry, E79 Gold Mines'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.

E79 Gold Mines's Equity-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, E79 Gold Mines's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where E79 Gold Mines's Equity-to-Asset falls into.

E79 Gold Mines 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.

E79 Gold Mines'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
	=	7.626	/	8.409
	=

E79 Gold Mines'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
	=	5.836	/	6.341
	=

E79 Gold Mines (ASX:E79) 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%.

E79 Gold Mines Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of E79 Gold Mines's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

E79 Gold Mines (ASX:E79) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » E79 Gold Mines Ltd (ASX:E79) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

168 Stirling Highway, First Floor, Nedlands, WA, AUS, 6009

Website

https://www.e79gold.com.au

E79 Gold Mines Ltd is a gold exploration company. It holds two flagship projects in Western Australia, the Laverton South Project in the Lavertongold district and the Jungar Flats Project in the North Murchison region. The company generates revenue from Interest and Other income.

E79 Gold Mines (ASX:E79) Headlines

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