Patriot Lithium (ASX:PAT) Equity-to-Asset : 0.97 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Patriot Lithium Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Patriot Lithium's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$3.82 Mil. Patriot Lithium's Total Assets for the quarter that ended in Dec. 2023 was A$3.93 Mil.

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

ASX:PAT' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.96 Med: 0.97 Max: 0.98
Current: 0.97

During the past 2 years, the highest Equity to Asset Ratio of Patriot Lithium was 0.98. The lowest was 0.96. And the median was 0.97.

ASX:PAT's Equity-to-Asset is ranked better than
87.71% of 2710 companies
in the Metals & Mining industry
Industry Median: 0.8 vs ASX:PAT: 0.97

Patriot Lithium Equity-to-Asset Historical Data

The historical data trend for Patriot Lithium'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.

Patriot Lithium Equity-to-Asset Chart

Patriot Lithium Annual Data

Trend

Jun22

Jun23

Equity-to-Asset

0.97

0.96

Patriot Lithium Semi-Annual Data
	Dec22	Jun23	Dec23
Equity-to-Asset	0.98	0.96	0.97

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

For the Other Industrial Metals & Mining subindustry, Patriot Lithium'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.

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

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

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

Patriot Lithium 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.

Patriot Lithium'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
	=	6.332	/	6.594
	=

Patriot Lithium'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
	=	3.816	/	3.933
	=

Patriot Lithium (ASX:PAT) 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%.

Patriot Lithium Equity-to-Asset Related Terms

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

Patriot Lithium (ASX:PAT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Milligan Street, Level 3, Perth, WA, AUS, 6000

Website

https://www.patriot-lithium.com

Patriot Lithium Ltd is focused on acquiring, exploring and developing lithium projects in South Dakota, Wyoming and Arizona in the United States of America. The company has three project areas, namely the Keystone Project comprising of 255 unpatented lode mining claims, the Tinton West Project comprising the TSD Claim Group of 20 unpatented lode mining claims and the TW Claim Group of 49 unpatented lode mining claims, and the Wickenburg Project comprising of 347 unpatented lode mining claims. The company is also engaged in the Ontario Lithium project.

Patriot Lithium (ASX:PAT) Headlines

No Headlines