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Gold Hydrogen (ASX:GHY) Equity-to-Asset : 0.98 (As of Jun. 2023)


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What is Gold Hydrogen Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Gold Hydrogen's Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$23.13 Mil. Gold Hydrogen's Total Assets for the quarter that ended in Jun. 2023 was A$23.64 Mil.

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

ASX:GHY' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.98   Med: 0.98   Max: 0.98
Current: 0.98

During the past 2 years, the highest Equity to Asset Ratio of Gold Hydrogen was 0.98. The lowest was 0.98. And the median was 0.98.

ASX:GHY's Equity-to-Asset is ranked better than
97.8% of 1093 companies
in the Oil & Gas industry
Industry Median: 0.51 vs ASX:GHY: 0.98

Gold Hydrogen Equity-to-Asset Historical Data

The historical data trend for Gold Hydrogen'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.

Gold Hydrogen Equity-to-Asset Chart

Gold Hydrogen Annual Data
Trend Jun22 Jun23
Equity-to-Asset
0.98 0.98

Gold Hydrogen Semi-Annual Data
Jun22 Jun23
Equity-to-Asset 0.98 0.98

Competitive Comparison of Gold Hydrogen's Equity-to-Asset

For the Oil & Gas E&P subindustry, Gold Hydrogen'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.

Gold Hydrogen's Equity-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Gold Hydrogen's Equity-to-Asset distribution charts can be found below:

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


Gold Hydrogen 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.

Gold Hydrogen'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
=23.128/23.639
=

Gold Hydrogen'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
=23.128/23.639
=

* 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.

Gold Hydrogen  (ASX:GHY) 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%.

Gold Hydrogen Equity-to-Asset Related Terms

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

Gold Hydrogen (ASX:GHY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gold Hydrogen Ltd (ASX:GHY) » Definitions » Equity-to-Asset
Comparable Companies
ASX:LKO ASX:JGH ASX:PH2 ASX:CE1 ASX:BRK ASX:EXR ASX:GRV ASX:NGY ASX:ADX ASX:CUE COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN
Traded in Other Exchanges
GHYLF:USA
Address
110 Eagle Street, Suite 3, Level 14, Brisbane, QLD, AUS, 4000
Website
https://www.goldhydrogen.com.au
Gold Hydrogen Ltd engages in the exploration of a natural hydrogen prospective resource in Australia. It holds 100% interest in the Ramsay Project, a Gold Hydrogen exploration project in South Australia.