Historical source-based research. Compilation date and financial period are different dates.
Observation
Across 6 eligible materials companies, the equal-weight median equity as a share of assets was 48.27% for the prior selected annual periods.
Data context
The eligible sample covers 6 of 6 selected companies. The prior selected annual periods span 2024-06-30 to 2024-12-31. Companies have different fiscal year ends. This is a cross-sectional research sample, not a calendar-year index or a representation of the full sector.
Company evidence
BHP 43.78% (period 2024-06-30); LIN 47.53% (period 2024-12-31); SCCO 49.01% (period 2024-12-31); RIO 53.75% (period 2024-12-31); NEM 53.11% (period 2024-12-31); FCX 32.05% (period 2024-12-31).
Distribution
The sample range is 32.05% (FCX) to 53.75% (RIO). The median is computed across company ratios with equal weight; it is not a ratio of aggregate totals. Extreme values can reflect a small denominator or unusual accounting items.
Interpretation
Mining and industrial-materials businesses depend on commodity cycles, capacity, input costs and capital discipline. The numerator is shareholdersEquity; the denominator is total assets. Only positive denominators and disclosed numerators qualify. No missing value is replaced with zero.
What to watch
Volumes, realized prices, reinvestment and through-cycle cash generation.
Research limitations
Commodity pricing, production disruption, reserve quality, energy costs and capital execution. The sample uses a September 18, 2026 source snapshot. It does not establish current market conditions, causal drivers or future returns. Sector labels are editorial and the financial-sector cash-flow measures need particular caution.
| Company | Value | Period end |
|---|---|---|
| BHP | 43.78% | 2024-06-30 |
| LIN | 47.53% | 2024-12-31 |
| SCCO | 49.01% | 2024-12-31 |
| RIO | 53.75% | 2024-12-31 |
| NEM | 53.11% | 2024-12-31 |
| FCX | 32.05% | 2024-12-31 |
Sources & dates
- BHP · period 2024-06-30 ↗Source date 2025-08-22
- LIN · period 2024-12-31 ↗Source date 2026-02-25
- SCCO · period 2024-12-31 ↗Source date 2026-02-27
- RIO · period 2024-12-31 ↗Source date 2026-02-19
- NEM · period 2024-12-31 ↗Source date 2026-02-19
- FCX · period 2024-12-31 ↗Source date 2026-02-13