Heavy Rare Earths (ASX:HRE) Equity-to-Asset : 0.96 (As of Dec. 2023)

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What is Heavy Rare Earths Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Heavy Rare Earths's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$4.93 Mil. Heavy Rare Earths's Total Assets for the quarter that ended in Dec. 2023 was A$5.15 Mil.

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

ASX:HRE' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.91 Med: 0.96 Max: 0.97
Current: 0.96

During the past 1 years, the highest Equity to Asset Ratio of Heavy Rare Earths was 0.97. The lowest was 0.91. And the median was 0.96.

ASX:HRE's Equity-to-Asset is ranked better than
82.8% of 2709 companies
in the Metals & Mining industry
Industry Median: 0.8 vs ASX:HRE: 0.96

Heavy Rare Earths Equity-to-Asset Historical Data

The historical data trend for Heavy Rare Earths'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.

Heavy Rare Earths Equity-to-Asset Chart

Heavy Rare Earths Annual Data

Trend

Jun23

Equity-to-Asset

0.97

Heavy Rare Earths Semi-Annual Data
	Jun22	Jun23	Dec23
Equity-to-Asset	0.91	0.97	0.96

Competitive Comparison of Heavy Rare Earths's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Heavy Rare Earths'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.

Heavy Rare Earths's Equity-to-Asset Distribution in the Metals & Mining Industry

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

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

Heavy Rare Earths 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.

Heavy Rare Earths'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
	=	5.39	/	5.564
	=

Heavy Rare Earths'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
	=	4.932	/	5.145
	=

Heavy Rare Earths (ASX:HRE) 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%.

Heavy Rare Earths Equity-to-Asset Related Terms

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

Heavy Rare Earths (ASX:HRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Heavy Rare Earths Ltd (ASX:HRE) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

459 Collins Street, Level 21, Melbourne, VIC, AUS, 3000

Website

https://www.hreltd.com.au

Heavy Rare Earths Ltd is an Australian rare earth exploration company with projects in Western Australia and the Northern Territory. The firm's key exploration project is Cowalinya in Western Australia. This is a clay-hosted rare earth project. It holds interest in Duke rare earth project. Rare earth materials are used in a wide array of technology and future-facing applications, including smartphones, wind energy, and hybrid and electric vehicles.

Heavy Rare Earths (ASX:HRE) Headlines

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