Evolution Mining (ASX:EVN) Equity-to-Asset : 0.47 (As of Dec. 2023)

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What is Evolution Mining Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Evolution Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$3,847 Mil. Evolution Mining's Total Assets for the quarter that ended in Dec. 2023 was A$8,248 Mil. Therefore, Evolution Mining's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.47.

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

ASX:EVN' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.47 Med: 0.7 Max: 0.86
Current: 0.47

During the past 13 years, the highest Equity to Asset Ratio of Evolution Mining was 0.86. The lowest was 0.47. And the median was 0.70.

ASX:EVN's Equity-to-Asset is ranked worse than
74.6% of 2709 companies
in the Metals & Mining industry
Industry Median: 0.8 vs ASX:EVN: 0.47

Evolution Mining Equity-to-Asset Historical Data

The historical data trend for Evolution Mining'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.

Evolution Mining Equity-to-Asset Chart

Evolution Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Equity-to-Asset

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0.78

0.67

0.64

0.49

Evolution Mining 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															0.55	0.49	0.47	0.49	0.47

Competitive Comparison of Evolution Mining's Equity-to-Asset

For the Gold subindustry, Evolution Mining'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.

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

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

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

Evolution Mining 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.

Evolution Mining'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
	=	3294.876	/	6752.385
	=	0.49

Evolution Mining'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
	=	3847.494	/	8248.202
	=	0.47

Evolution Mining (ASX:EVN) 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%.

Evolution Mining Equity-to-Asset Related Terms

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

Evolution Mining (ASX:EVN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

CAHPF:USA WE7:Germany

Address

175 Liverpool Street, Level 24, Sydney, NSW, AUS, 2000

Website

https://www.evolutionmining.com.au

Evolution Mining is an Australian-based gold miner. It sold around 650,000 ounces of gold in fiscal 2023 from five wholly owned mines in Australia and Canada. Formed in 2011 via the merger of Conquest Mining and Catalpa Resources and the purchase of Newcrest Mining's Mt Rawdon and Cracow mines, Evolution has acquired more mines and sold the generally less attractive, higher-cost mines. Cowal and Mungari were bought in 2015, with an initial interest in Glencore's Ernest Henry mine following in 2016, Red Lake in Canada in 2020, and the rest of Ernest Henry in 2022. It has also agreed to buy an 80% stake in the Northparkes copper and gold mine in New South Wales, likely effective January 2024. It had roughly 13 years of gold reserves at end fiscal 2023.