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Tulla Resources (FRA:8LK0) Equity-to-Asset : 0.41 (As of Dec. 2022)


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What is Tulla Resources Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Tulla Resources's Total Stockholders Equity for the quarter that ended in Dec. 2022 was €34.31 Mil. Tulla Resources's Total Assets for the quarter that ended in Dec. 2022 was €82.96 Mil. Therefore, Tulla Resources's Equity to Asset Ratio for the quarter that ended in Dec. 2022 was 0.41.

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

FRA:8LK0's Equity-to-Asset is not ranked *
in the Metals & Mining industry.
Industry Median: 0.79
* Ranked among companies with meaningful Equity-to-Asset only.

Tulla Resources Equity-to-Asset Historical Data

The historical data trend for Tulla Resources'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.

Tulla Resources Equity-to-Asset Chart

Tulla Resources Annual Data
Trend Jun20 Jun21 Jun22
Equity-to-Asset
0.71 0.76 0.46

Tulla Resources Semi-Annual Data
Jun21 Dec21 Jun22 Dec22
Equity-to-Asset 0.76 0.77 0.46 0.41

Competitive Comparison of Tulla Resources's Equity-to-Asset

For the Gold subindustry, Tulla Resources'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.


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

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

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



Tulla Resources 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.

Tulla Resources's Equity to Asset Ratio for the fiscal year that ended in Jun. 2022 is calculated as

Equity to Asset (A: Jun. 2022 )=Total Stockholders Equity/Total Assets
=36.449/79.407
=0.46

Tulla Resources's Equity to Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

Equity to Asset (Q: Dec. 2022 )=Total Stockholders Equity/Total Assets
=34.306/82.96
=0.41

* 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.


Tulla Resources  (FRA:8LK0) 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%.


Tulla Resources Equity-to-Asset Related Terms

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


Tulla Resources Business Description

Traded in Other Exchanges
N/A
Address
2 Grosvenor Street, Suite 5, Level 2, Bondi Junction, Sydney, NSW, AUS, 2022
Tulla Resources PLC has a partial interest in the Norseman Gold Project. This project is located adjacent to the Norseman township in Perth. It has produced over 5.5 million ounces of gold since its operations. Geographically it operates within Australia.

Tulla Resources Headlines

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