Axelum Resources (PHS:AXLM) Equity-to-Asset : 0.89 (As of Dec. 2023)

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What is Axelum Resources Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Axelum Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₱9,954 Mil. Axelum Resources's Total Assets for the quarter that ended in Dec. 2023 was ₱11,232 Mil. Therefore, Axelum Resources's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.89.

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

PHS:AXLM' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.22 Med: 0.81 Max: 0.91
Current: 0.89

During the past 9 years, the highest Equity to Asset Ratio of Axelum Resources was 0.91. The lowest was 0.22. And the median was 0.81.

PHS:AXLM's Equity-to-Asset is ranked better than
95.15% of 1919 companies
in the Consumer Packaged Goods industry
Industry Median: 0.54 vs PHS:AXLM: 0.89

Axelum Resources Equity-to-Asset Historical Data

The historical data trend for Axelum Resources'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.

Axelum Resources Equity-to-Asset Chart

Axelum Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.81

0.85

0.91

0.90

0.89

Axelum Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.90	0.91	0.91	0.89	0.89

Competitive Comparison of Axelum Resources's Equity-to-Asset

For the Packaged Foods subindustry, Axelum Resources'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.

Axelum Resources's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Axelum Resources's Equity-to-Asset distribution charts can be found below:

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

Axelum Resources 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.

Axelum Resources'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
	=	9953.971	/	11232.239
	=	0.89

Axelum Resources'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
	=	9953.971	/	11232.239
	=	0.89

Axelum Resources (PHS:AXLM) 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%.

Axelum Resources Equity-to-Asset Related Terms

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

Axelum Resources (PHS:AXLM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Axelum Resources Corp (PHS:AXLM) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tiano-Montalvan Streets, ICS Building, Cagayan de Oro, MSR, PHL, 9000

Website

https://www.axelum.ph

Axelum Resources Corp is engaged in the manufacturing and distributing of high-quality coconut products which are mostly distributed to domestic and international food and beverage companies, confectioneries, bakeries, private label supermarkets and grocery store chains, food service industries, and nutritional and personal care brands. The company's product segments are divided into coconut water, white meat (Desiccated coconut, Coconut milk powder, Coconut cream/milk, sweetened coconut), and by-products. Geographically, it derives a majority of its revenue from the Philippines and also has a presence in the United States of America and Australia.