Horizon Oil (ASX:HZN) Equity-to-Asset : 0.52 (As of Dec. 2023)

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What is Horizon Oil Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Horizon Oil's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$137.0 Mil. Horizon Oil's Total Assets for the quarter that ended in Dec. 2023 was A$261.3 Mil. Therefore, Horizon Oil's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.52.

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

ASX:HZN' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.31 Med: 0.47 Max: 0.59
Current: 0.52

During the past 13 years, the highest Equity to Asset Ratio of Horizon Oil was 0.59. The lowest was 0.31. And the median was 0.47.

ASX:HZN's Equity-to-Asset is ranked better than
53.43% of 1093 companies
in the Oil & Gas industry
Industry Median: 0.51 vs ASX:HZN: 0.52

Horizon Oil Equity-to-Asset Historical Data

The historical data trend for Horizon Oil'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.

Horizon Oil Equity-to-Asset Chart

Horizon Oil Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Equity-to-Asset

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0.54

0.48

0.59

0.54

0.52

Horizon Oil Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.53	0.54	0.43	0.52	0.52

Competitive Comparison of Horizon Oil's Equity-to-Asset

For the Oil & Gas E&P subindustry, Horizon Oil'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.

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

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

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

Horizon Oil 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.

Horizon Oil'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
	=	142.706	/	273.412
	=	0.52

Horizon Oil'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
	=	137.013	/	261.295
	=	0.52

Horizon Oil (ASX:HZN) 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%.

Horizon Oil Equity-to-Asset Related Terms

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

Horizon Oil (ASX:HZN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Horizon Oil Ltd (ASX:HZN) » Definitions » Equity-to-Asset

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HZNFF:USA

Address

360 Kent Street, Level 4, Sydney, NSW, AUS, 2000

Website

https://horizonoil.com.au

Horizon Oil Ltd is engaged in petroleum exploration, development, and production. The company's exploration, development, and production activities are focused on Southeast Asia. The operating segments of the group are New Zealand exploration and development, China exploration and development, and All other segments. It generates the prime revenue from New Zealand's exploration and development segment in which the group is involved in the development and production of crude oil and oil field development and in the exploration and evaluation of hydrocarbons. The operations of the organization are carried out in China and New Zealand.