Lithium Energy (ASX:LEL) Equity-to-Asset : 1.00 (As of Dec. 2023)

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What is Lithium Energy Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Lithium Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$32.85 Mil. Lithium Energy's Total Assets for the quarter that ended in Dec. 2023 was A$32.86 Mil.

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

ASX:LEL' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.97 Med: 0.99 Max: 1
Current: 1

During the past 3 years, the highest Equity to Asset Ratio of Lithium Energy was 1.00. The lowest was 0.97. And the median was 0.99.

ASX:LEL's Equity-to-Asset is ranked better than
99.19% of 2710 companies
in the Metals & Mining industry
Industry Median: 0.8 vs ASX:LEL: 1.00

Lithium Energy Equity-to-Asset Historical Data

The historical data trend for Lithium 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.

Lithium Energy Equity-to-Asset Chart

Lithium Energy Annual Data

Trend

Jun21

Jun22

Jun23

Equity-to-Asset

0.99

0.98

Lithium Energy Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.99	0.99	0.97	0.98	1.00

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

For the Other Industrial Metals & Mining subindustry, Lithium 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.

Lithium Energy's Equity-to-Asset Distribution in the Metals & Mining Industry

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

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

Lithium 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.

Lithium 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
	=	32.573	/	33.32
	=

Lithium 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
	=	32.846	/	32.857
	=

Lithium Energy (ASX:LEL) 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%.

Lithium Energy Equity-to-Asset Related Terms

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

Lithium Energy (ASX:LEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Energy Ltd (ASX:LEL) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

680 Murray Street, Suite 1, Level 1, West Perth, WA, AUS, 6005

Website

https://www.lithiumenergy.com.au

Lithium Energy Ltd is a battery minerals company with two exploration and development projects, the Solaroz Lithium Project in Argentina, which comprises 12,000 hectares of prospective lithium mineral concessions, and the Burke Graphite Project in Queensland, which contains a high-grade graphite deposit and presents an opportunity to participate in the anticipated growth in demand for graphite and graphite related products. The company derives the majority of its revenue from Argentina.

Lithium Energy (ASX:LEL) Headlines

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