Legacy Iron Ore (ASX:LCY) Equity-to-Asset : 0.99 (As of Sep. 2023)

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What is Legacy Iron Ore Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Legacy Iron Ore's Total Stockholders Equity for the quarter that ended in Sep. 2023 was A$27.14 Mil. Legacy Iron Ore's Total Assets for the quarter that ended in Sep. 2023 was A$27.53 Mil.

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

ASX:LCY' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.66 Med: 0.99 Max: 0.99
Current: 0.99

During the past 13 years, the highest Equity to Asset Ratio of Legacy Iron Ore was 0.99. The lowest was 0.66. And the median was 0.99.

ASX:LCY's Equity-to-Asset is ranked better than
97.64% of 2715 companies
in the Metals & Mining industry
Industry Median: 0.79 vs ASX:LCY: 0.99

Legacy Iron Ore Equity-to-Asset Historical Data

The historical data trend for Legacy Iron Ore'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.

Legacy Iron Ore Equity-to-Asset Chart

Legacy Iron Ore Annual Data

Trend

Jun13

Jun14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

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0.99

Legacy Iron Ore Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial															0.99	0.99	0.99	0.99	0.99

Competitive Comparison of Legacy Iron Ore's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Legacy Iron Ore'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.

Legacy Iron Ore's Equity-to-Asset Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Legacy Iron Ore's Equity-to-Asset falls into.

Legacy Iron Ore 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.

Legacy Iron Ore's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	25.323	/	25.612
	=

Legacy Iron Ore's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	27.137	/	27.525
	=

Legacy Iron Ore (ASX:LCY) 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%.

Legacy Iron Ore Equity-to-Asset Related Terms

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

Legacy Iron Ore (ASX:LCY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Legacy Iron Ore Ltd (ASX:LCY) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Adelaide Terrace, Level 6, West Perth, Perth, WA, AUS, 6004

Website

http://www.legacyiron.com.au

Legacy Iron Ore Ltd is engaged in the exploration and development of mineral properties. It holds a diverse portfolio of assets spanning iron ore, gold and base metals, Tungsten, Rare earth elements. Its projects include Mt Bevan Project, South Laverton Gold Project, Mt. Celia Project and many more.