Genmin (ASX:GEN) Equity-to-Asset : 0.65 (As of Jun. 2023)

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What is Genmin Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Genmin's Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$46.31 Mil. Genmin's Total Assets for the quarter that ended in Jun. 2023 was A$71.37 Mil.

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

ASX:GEN' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.52 Med: 0.78 Max: 0.96
Current: 0.52

During the past 4 years, the highest Equity to Asset Ratio of Genmin was 0.96. The lowest was 0.52. And the median was 0.78.

ASX:GEN's Equity-to-Asset is ranked worse than
70.55% of 2710 companies
in the Metals & Mining industry
Industry Median: 0.8 vs ASX:GEN: 0.52

Genmin Equity-to-Asset Historical Data

The historical data trend for Genmin'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.

Genmin Equity-to-Asset Chart

Genmin Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.84

0.96

0.72

0.52

Genmin Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.96	0.95	0.72	0.65	0.52

Competitive Comparison of Genmin's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Genmin'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.

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

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

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

Genmin 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.

Genmin'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
	=	37.029	/	71.064
	=

Genmin's Equity to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

Equity to Asset (Q: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	46.309	/	71.37
	=

Genmin (ASX:GEN) 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%.

Genmin Equity-to-Asset Related Terms

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

Genmin (ASX:GEN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

216 St Georges Terrace, Suite 3, Level 8,, London House, Perth, WA, AUS, 6000

Website

https://www.genmingroup.com

Genmin Ltd is an iron ore exploration and development company with a pipeline of projects in Gabon. The company has six exploration licenses in Gabon, covering three projects. Its project includes Baniaka; Bakoumba and Minvoul/Bitam. The company's operating segments include Gabon Exploration and Corporate.