Lithium Plus Minerals (ASX:LPM) Equity-to-Asset : 0.91 (As of Dec. 2023)

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What is Lithium Plus Minerals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Lithium Plus Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$22.88 Mil. Lithium Plus Minerals's Total Assets for the quarter that ended in Dec. 2023 was A$25.07 Mil.

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

ASX:LPM' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.9 Med: 0.91 Max: 0.94
Current: 0.91

During the past 1 years, the highest Equity to Asset Ratio of Lithium Plus Minerals was 0.94. The lowest was 0.90. And the median was 0.91.

ASX:LPM's Equity-to-Asset is ranked better than
67.96% of 2715 companies
in the Metals & Mining industry
Industry Median: 0.79 vs ASX:LPM: 0.91

Lithium Plus Minerals Equity-to-Asset Historical Data

The historical data trend for Lithium Plus Minerals'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.

Lithium Plus Minerals Equity-to-Asset Chart

Lithium Plus Minerals Annual Data

Trend

Jun23

Equity-to-Asset

0.94

Lithium Plus Minerals Semi-Annual Data
	Dec22	Jun23	Dec23
Equity-to-Asset	0.90	0.94	0.91

Competitive Comparison of Lithium Plus Minerals's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Lithium Plus Minerals'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.

Lithium Plus Minerals's Equity-to-Asset Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Lithium Plus Minerals's Equity-to-Asset falls into.

Lithium Plus Minerals 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.

Lithium Plus Minerals'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
	=	16.314	/	17.396
	=

Lithium Plus Minerals'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
	=	22.877	/	25.071
	=

Lithium Plus Minerals (ASX:LPM) 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%.

Lithium Plus Minerals Equity-to-Asset Related Terms

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

Lithium Plus Minerals (ASX:LPM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Plus Minerals Ltd (ASX:LPM) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

18-22 Pitt Street, Level 6, Sydney, NSW, AUS, 2000

Website

https://www.lithiumplus.com.au

Lithium Plus Minerals Ltd is engaged in the mining and exploration of lithium. The projects of the company include Bynoe Lithium projects, Arunta Lithium projects, the Barrow Creek, Spotted Wonder and Moonlightand Wingate projects.

Lithium Plus Minerals (ASX:LPM) Headlines

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