Mirvac Group (ASX:MGR) Equity-to-Asset : 0.62 (As of Dec. 2023)

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What is Mirvac Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Mirvac Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$10,172 Mil. Mirvac Group's Total Assets for the quarter that ended in Dec. 2023 was A$16,494 Mil. Therefore, Mirvac Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.62.

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

ASX:MGR' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.61 Med: 0.64 Max: 0.68
Current: 0.62

During the past 13 years, the highest Equity to Asset Ratio of Mirvac Group was 0.68. The lowest was 0.61. And the median was 0.64.

ASX:MGR's Equity-to-Asset is ranked better than
59.77% of 860 companies
in the REITs industry
Industry Median: 0.57 vs ASX:MGR: 0.62

Mirvac Group Equity-to-Asset Historical Data

The historical data trend for Mirvac Group'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.

Mirvac Group Equity-to-Asset Chart

Mirvac Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Equity-to-Asset

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0.67

0.66

0.67

0.65

0.63

Mirvac Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.66	0.65	0.65	0.63	0.62

Competitive Comparison of Mirvac Group's Equity-to-Asset

For the REIT - Diversified subindustry, Mirvac Group'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.

Mirvac Group's Equity-to-Asset Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Mirvac Group's Equity-to-Asset distribution charts can be found below:

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

Mirvac Group 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.

Mirvac Group'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
	=	10557	/	16882
	=	0.63

Mirvac Group'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
	=	10172	/	16494
	=	0.62

Mirvac Group (ASX:MGR) 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%.

Mirvac Group Equity-to-Asset Related Terms

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

Mirvac Group (ASX:MGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mirvac Group (ASX:MGR) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

MRVGF:USA MJB:Germany

Address

200 George Street, Level 28, Sydney, NSW, AUS, 2000

Website

https://www.mirvac.com

Mirvac is one of Australia's largest residential developers, particularly apartments. Residential development earnings are volatile, generating about a fifth of EBIT in fiscal 2023, despite accounting for only about 15% of the group's invested capital. Over our 10-year discrete forecast period we don't expect residential development to exceed the lofty peaks seen in 2017, when Mirvac settled 3,400 residential lots, however, we expect modest growth over time as Mirvac gains market share and constructs housing into an under-supplied market. About 80% of Mirvac's earnings come from a predictable commercial property portfolio, more than half of which is high-grade office and another fourth in retail, a small industrial portfolio, and a small but growing build-to-rent residential portfolio.

Mirvac Group (ASX:MGR) Headlines

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