Karoon Energy (ASX:KAR) Equity-to-Asset : 0.47 (As of Dec. 2023)

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What is Karoon Energy Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Karoon Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$1,366 Mil. Karoon Energy's Total Assets for the quarter that ended in Dec. 2023 was A$2,887 Mil. Therefore, Karoon Energy's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.47.

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

ASX:KAR' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.24 Med: 0.91 Max: 0.96
Current: 0.47

During the past 13 years, the highest Equity to Asset Ratio of Karoon Energy was 0.96. The lowest was 0.24. And the median was 0.91.

ASX:KAR's Equity-to-Asset is ranked worse than
55.22% of 1092 companies
in the Oil & Gas industry
Industry Median: 0.51 vs ASX:KAR: 0.47

Karoon Energy Equity-to-Asset Historical Data

The historical data trend for Karoon Energy'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.

Karoon Energy Equity-to-Asset Chart

Karoon Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Equity-to-Asset

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0.93

0.90

0.38

0.24

0.40

Karoon Energy 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															0.25	0.24	0.30	0.40	0.47

Competitive Comparison of Karoon Energy's Equity-to-Asset

For the Oil & Gas E&P subindustry, Karoon Energy'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.

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

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

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

Karoon Energy 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.

Karoon Energy'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
	=	705.664	/	1773.696
	=	0.40

Karoon Energy'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
	=	1365.516	/	2887.155
	=	0.47

Karoon Energy (ASX:KAR) 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%.

Karoon Energy Equity-to-Asset Related Terms

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

Karoon Energy (ASX:KAR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

KRNGY:USA KRNGF:USA LBL:Germany

Address

6 Riverside Quay, Level 3, Suite 3.02, Southbank, Melbourne, VIC, AUS, 3006

Website

https://www.karoonenergy.com.au

Karoon produces around 8 million barrels of oil annually from its wholly owned Bauna field in Brazil's offshore Santos basin. The company acquired Bauna from Petrobras in 2020 and has been steadily increasing production via well interventions and new developments. Field life is approaching eight years based on proven and probable 2P reserves of 55 million barrels at end December 2022, though this excludes a further 82 million barrels in 2C contingent resources which which have potential to increase life further. We credit life of approximately 10 years, assuming partial conversion of 2C contingent resources into reserve category with drilling. There are also prospective untested targets within Karoon's permits which could potentially add further reserves in the medium term.