Lunnon Metals (ASX:LM8) Equity-to-Asset : 0.96 (As of Dec. 2023)

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What is Lunnon Metals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Lunnon Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$54.01 Mil. Lunnon Metals's Total Assets for the quarter that ended in Dec. 2023 was A$56.28 Mil.

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

ASX:LM8' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.95 Med: 0.96 Max: 0.99
Current: 0.96

During the past 3 years, the highest Equity to Asset Ratio of Lunnon Metals was 0.99. The lowest was 0.95. And the median was 0.96.

ASX:LM8's Equity-to-Asset is ranked better than
82.8% of 2710 companies
in the Metals & Mining industry
Industry Median: 0.8 vs ASX:LM8: 0.96

Lunnon Metals Equity-to-Asset Historical Data

The historical data trend for Lunnon Metals'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.

Lunnon Metals Equity-to-Asset Chart

Lunnon Metals Annual Data

Trend

Jun21

Jun22

Jun23

Equity-to-Asset

0.98

0.95

Lunnon Metals Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.96	0.95	0.97	0.95	0.96

Competitive Comparison of Lunnon Metals's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Lunnon Metals'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.

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

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

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

Lunnon Metals 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.

Lunnon Metals'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
	=	51.86	/	54.349
	=

Lunnon Metals'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
	=	54.006	/	56.284
	=

Lunnon Metals (ASX:LM8) 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%.

Lunnon Metals Equity-to-Asset Related Terms

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

Lunnon Metals (ASX:LM8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lunnon Metals Ltd (ASX:LM8) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Richardson Street, Suite 10, Level 3, West Perth, WA, AUS, 6005

Website

https://www.lunnonmetals.com.au

Lunnon Metals Ltd is an Australian mineral resource exploration and development company operating in a single segment. It owns a nickel and gold project in Kambala. Western Australia. Kambalda Nickel Project (KNP) is the firms principal exploration project.

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