West Cobar Metals (ASX:WC1) Equity-to-Asset : 0.94 (As of Dec. 2023)

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What is West Cobar Metals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. West Cobar Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$14.13 Mil. West Cobar Metals's Total Assets for the quarter that ended in Dec. 2023 was A$15.10 Mil.

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

ASX:WC1' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.91 Med: 0.95 Max: 1
Current: 0.94

During the past 2 years, the highest Equity to Asset Ratio of West Cobar Metals was 1.00. The lowest was 0.91. And the median was 0.95.

ASX:WC1's Equity-to-Asset is ranked better than
75.65% of 2715 companies
in the Metals & Mining industry
Industry Median: 0.79 vs ASX:WC1: 0.94

West Cobar Metals Equity-to-Asset Historical Data

The historical data trend for West Cobar Metals'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.

West Cobar Metals Equity-to-Asset Chart

West Cobar Metals Annual Data

Trend

Jun22

Jun23

Equity-to-Asset

0.96

0.94

West Cobar Metals Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.91	0.96	0.96	0.94	0.94

Competitive Comparison of West Cobar Metals's Equity-to-Asset

For the Gold subindustry, West Cobar Metals'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.

West Cobar Metals's Equity-to-Asset Distribution in the Metals & Mining Industry

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

* The bar in red indicates where West Cobar Metals's Equity-to-Asset falls into.

West Cobar Metals 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.

West Cobar Metals'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
	=	12.69	/	13.578
	=	0.93

West Cobar Metals'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
	=	14.131	/	15.096
	=

West Cobar Metals (ASX:WC1) 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%.

West Cobar Metals Equity-to-Asset Related Terms

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

West Cobar Metals (ASX:WC1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » West Cobar Metals Ltd (ASX:WC1) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

216 St Georges Terrace, Level 8, Perth, WA, AUS, 6000

Website

https://www.westcobarmetals.com.au

West Cobar Metals Ltd is a minerals exploration and development company focused on rare earths and battery minerals within Australia and the United States. It four Projects; Salazar REE Project, Nevada Lithium Project, Hermit Hill Lithium Project and Cobar West Project.

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