Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Strike Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$453.66 Mil. Strike Energy's Total Assets for the quarter that ended in Dec. 2023 was A$526.10 Mil.
Therefore, Strike Energy's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.86.
The historical rank and industry rank for Strike Energy's Equity-to-Asset or its related term are showing as below:
ASX:STX'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.53 Med: 0.77 Max: 0.86
Current: 0.86
During the past 13 years, the highest Equity to Asset Ratio of Strike Energy was 0.86. The lowest was 0.53. And the median was 0.77.
ASX:STX's Equity-to-Asset is ranked better than 89.57% of 1093
companies
in the Oil & Gas industry
Industry Median: 0.51
vs ASX:STX: 0.86
Strike Energy Equity-to-Asset Historical Data
The historical data trend for Strike 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.
Competitive Comparison of Strike Energy's Equity-to-Asset
For the Oil & Gas E&P subindustry, Strike 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.
Strike Energy's Equity-to-Asset Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Strike Energy's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Strike Energy's Equity-to-Asset falls into.
Strike 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.
Strike Energy's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as
* 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.
Strike Energy (ASX:STX) 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%.
Strike Energy Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Strike Energy's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Strike is operator across all 3,000 square kilometers of its Perth Basin acreage and has grown its net gas reserve and resource position to become the largest in the basin at 1,022 PJ. It has also achieved first production from its Walyering gas field. Walyering's intended 33 terajoules/d of gross production will generate material cash flows albeit to short five years life. The cash will regardless be useful for the undertaking additional projects with Strike targeting up to four gas fields being online by the end of 2026. In addition to Walyering, these include South Erregulla, West Erregulla and Ocean Hill. The more ambitious Project Haber, Strike's proposed multibillion dollar 1.4 million metric tons per year urea manufacturing facility, is now on the backburner.
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