Kodal Minerals (LSE:KOD) Equity-to-Asset : 0.77 (As of Sep. 2023)

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What is Kodal Minerals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Kodal Minerals's Total Stockholders Equity for the quarter that ended in Sep. 2023 was £14.72 Mil. Kodal Minerals's Total Assets for the quarter that ended in Sep. 2023 was £19.07 Mil.

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

LSE:KOD' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.77 Med: 0.95 Max: 0.98
Current: 0.77

During the past 13 years, the highest Equity to Asset Ratio of Kodal Minerals was 0.98. The lowest was 0.77. And the median was 0.95.

LSE:KOD's Equity-to-Asset is ranked worse than
52.44% of 2710 companies
in the Metals & Mining industry
Industry Median: 0.8 vs LSE:KOD: 0.77

Kodal Minerals Equity-to-Asset Historical Data

The historical data trend for Kodal 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.

Kodal Minerals Equity-to-Asset Chart

Kodal Minerals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

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0.93

0.92

0.95

0.97

0.95

Kodal Minerals Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	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															0.96	0.97	0.96	0.95	0.77

Competitive Comparison of Kodal Minerals's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Kodal 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.

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

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

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

Kodal 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.

Kodal Minerals'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
	=	14.883	/	15.683
	=

Kodal Minerals'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
	=	14.72	/	19.068
	=

Kodal Minerals (LSE:KOD) 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%.

Kodal Minerals Equity-to-Asset Related Terms

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

Kodal Minerals (LSE:KOD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kodal Minerals PLC (LSE:KOD) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

7UE:Germany

Address

35-39 Maddox Street, Prince Frederick House, London, GBR, W1S 2PP

Website

https://www.kodalminerals.com

Kodal Minerals PLC is a mining and exploration company that acquires or discovers and develops mineral assets. Its operating segments include West African Gold Projects, the West African Lithium Projects, the Norway Projects, and the UK administration operations. The company has legacy interests in Norway including the Kodal phosphate and iron deposit in the south of the country and the copper focussed Grimeli Project in the West. Its Bougouni Project consists of two concessions, the Kolassokoro and Madina licences, which cover a contiguous area of around 500 square kilometres.