Widgie Nickel (ASX:WIN) Equity-to-Asset : 0.96 (As of Dec. 2023)

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What is Widgie Nickel Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Widgie Nickel's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$41.92 Mil. Widgie Nickel's Total Assets for the quarter that ended in Dec. 2023 was A$43.83 Mil.

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

ASX:WIN' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.91 Med: 0.95 Max: 0.99
Current: 0.96

During the past 1 years, the highest Equity to Asset Ratio of Widgie Nickel was 0.99. The lowest was 0.91. And the median was 0.95.

ASX:WIN's Equity-to-Asset is ranked better than
82.92% of 2711 companies
in the Metals & Mining industry
Industry Median: 0.8 vs ASX:WIN: 0.96

Widgie Nickel Equity-to-Asset Historical Data

The historical data trend for Widgie Nickel'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.

Widgie Nickel Equity-to-Asset Chart

Widgie Nickel Annual Data

Trend

Jun23

Equity-to-Asset

0.91

Widgie Nickel Semi-Annual Data
	Dec20	Dec21	Dec22	Jun23	Dec23
Equity-to-Asset	0.99	0.95	0.91	0.91	0.96

Competitive Comparison of Widgie Nickel's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Widgie Nickel'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.

Widgie Nickel's Equity-to-Asset Distribution in the Metals & Mining Industry

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

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

Widgie Nickel 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.

Widgie Nickel'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
	=	42.905	/	46.958
	=

Widgie Nickel'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
	=	41.919	/	43.827
	=

Widgie Nickel (ASX:WIN) 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%.

Widgie Nickel Equity-to-Asset Related Terms

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

Widgie Nickel (ASX:WIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Widgie Nickel Ltd (ASX:WIN) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

WDGNF:USA

Address

220 St Georges Terrace, Level 4, Perth, WA, AUS, 6000

Website

https://www.widgienickel.com.au

Widgie Nickel Ltd is a nickel exploration and development company. Its projects include Widgie South, Widgie North, Widgie West, and Lake Eaton-Mt Eaton. The company operates in given segments comprised of exploration and development activities over the Mt Edwards Project. It operates in a single geographical area which is Australia.

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