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Haranga Resources (ASX:HAR) Equity-to-Asset : 0.85 (As of Jun. 2023)


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What is Haranga Resources Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Haranga Resources's Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$2.43 Mil. Haranga Resources's Total Assets for the quarter that ended in Jun. 2023 was A$2.86 Mil.

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

ASX:HAR' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.73   Med: 0.85   Max: 0.98
Current: 0.98

During the past 2 years, the highest Equity to Asset Ratio of Haranga Resources was 0.98. The lowest was 0.73. And the median was 0.85.

ASX:HAR's Equity-to-Asset is ranked better than
92.65% of 2709 companies
in the Metals & Mining industry
Industry Median: 0.8 vs ASX:HAR: 0.98

Haranga Resources Equity-to-Asset Historical Data

The historical data trend for Haranga 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.

Haranga Resources Equity-to-Asset Chart

Haranga Resources Annual Data
Trend Dec22 Dec23
Equity-to-Asset
0.73 0.98

Haranga Resources Semi-Annual Data
Jun21 Jun22 Dec22 Jun23 Dec23
Equity-to-Asset 0.95 0.90 0.73 0.85 0.98

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

For the Other Precious Metals & Mining subindustry, Haranga 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.


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

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

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



Haranga 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.

Haranga 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
=4.394/4.493
=

Haranga Resources'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
=2.428/2.862
=

* 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.


Haranga Resources  (ASX:HAR) 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%.


Haranga Resources Equity-to-Asset Related Terms

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


Haranga Resources (ASX:HAR) Business Description

Traded in Other Exchanges
Address
63 Shepperton Road, Suite 7, Victoria Park, WA, AUS, 6100
Haranga Resources Ltd is engaged in exploring gold and uranium assets in West Africa. Its project portfolio includes Issia Gold Project, Burkina Faso, Uranium Today, and Saraya Uranium Project.

Haranga Resources (ASX:HAR) Headlines

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