Great Divide Mining (ASX:GDM) Equity-to-Asset : 0.87 (As of Dec. 2023)

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What is Great Divide Mining Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Great Divide Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$4.07 Mil. Great Divide Mining's Total Assets for the quarter that ended in Dec. 2023 was A$4.67 Mil.

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

ASX:GDM' s Equity-to-Asset Range Over the Past 10 Years
Min: -3.73 Med: -1.43 Max: 0.87
Current: 0.87

During the past 0 years, the highest Equity to Asset Ratio of Great Divide Mining was 0.87. The lowest was -3.73. And the median was -1.43.

ASX:GDM's Equity-to-Asset is ranked better than
60.05% of 2711 companies
in the Metals & Mining industry
Industry Median: 0.8 vs ASX:GDM: 0.87

Great Divide Mining Equity-to-Asset Historical Data

The historical data trend for Great Divide 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.

Great Divide Mining Equity-to-Asset Chart

Great Divide Mining Annual Data

Trend

Equity-to-Asset

Great Divide Mining Semi-Annual Data
	Dec22	Dec23
Equity-to-Asset	-3.73	0.87

Competitive Comparison of Great Divide Mining's Equity-to-Asset

For the Gold subindustry, Great Divide 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.

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

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

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

Great Divide 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.

Great Divide Mining's Equity to Asset Ratio for the fiscal year that ended in . 20 is calculated as

Equity to Asset (A: . 20 )	=	Total Stockholders Equity	/	Total Assets
	=		/
	=

Great Divide 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
	=	4.074	/	4.668
	=

Great Divide Mining (ASX:GDM) 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%.

Great Divide Mining Equity-to-Asset Related Terms

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

Great Divide Mining (ASX:GDM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

127 Creek Street, Level 12, Brisbane, QLD, AUS, 4000

Website

https://www.greatdividemining.com.au

Great Divide Mining Ltd is a mineral exploration company. It focuses on the exploration and development of its projects for Gold, Antimony, and Copper, with Lithium and Rare Earth Metals.

Great Divide Mining (ASX:GDM) Headlines

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