MMG (HKSE:01208) Equity-to-Asset : 0.18 (As of Dec. 2023)

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What is MMG Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. MMG's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$16,583 Mil. MMG's Total Assets for the quarter that ended in Dec. 2023 was HK$92,943 Mil. Therefore, MMG's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.18.

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

HKSE:01208' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.05 Med: 0.09 Max: 0.18
Current: 0.18

During the past 13 years, the highest Equity to Asset Ratio of MMG was 0.18. The lowest was 0.05. And the median was 0.09.

HKSE:01208's Equity-to-Asset is ranked worse than
87.41% of 2701 companies
in the Metals & Mining industry
Industry Median: 0.8 vs HKSE:01208: 0.18

MMG Equity-to-Asset Historical Data

The historical data trend for MMG'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.

MMG Equity-to-Asset Chart

MMG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.08

0.15

0.17

0.18

MMG 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															0.15	0.17	0.17	0.16	0.18

Competitive Comparison of MMG's Equity-to-Asset

For the Copper subindustry, MMG'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.

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

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

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

MMG 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.

MMG's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	16583.329	/	92942.868
	=	0.18

MMG'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
	=	16583.329	/	92942.868
	=	0.18

MMG (HKSE:01208) 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%.

MMG Equity-to-Asset Related Terms

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

MMG (HKSE:01208) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MMG Ltd (HKSE:01208) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

MMLTF:USA OMS1:Germany

Address

79 Chatham Road South, Unit 1208, 12th Floor, China Minmetals Tower, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

https://www.mmg.com

MMG Ltd is engaged in the exploration, development, and mining of zinc, copper, gold, silver, and lead deposits around the world. The group has five reportable operating segments namely Dugald River, Kinsevere, Rosebery, Las Bambas, and others. Las Bambas mine is an open-pit, scalable, long-life copper and molybdenum mining operation; Kinsevere is an open-pit copper mining operation located in the Haut-Katanga Province; Dugald River mine is an underground zinc mining operation located near Cloncurry in North West Queensland; Rosebery is an underground polymetallic base metal mining operation located on Tasmania's west coast; and Other Includes corporate entities in the Group. The majority is from the Las Bambas segment. The key revenue by metal is derived from Copper.

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