District Mines (TSXV:DIG.H) Equity-to-Asset : -2.78 (As of Dec. 2023)

District Mines Equity-to-Asset Chart

District Mines Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Equity-to-Asset		Get a 7-Day Free Trial					-4.06	-4.08	-0.50	-0.90	-2.78

District Mines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															-0.90	-2.12	-2.87	-2.91	-2.78

Competitive Comparison of District Mines's Equity-to-Asset

For the Oil & Gas E&P subindustry, District Mines'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.

District Mines's Equity-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, District Mines's Equity-to-Asset distribution charts can be found below:

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

District Mines 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.

District Mines's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

District Mines's Equity to Asset Ratio for the quarter that ended in Dec. 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.

District Mines  (TSXV:DIG.H) 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%.

District Mines Equity-to-Asset Related Terms

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District Mines (TSXV:DIG.H) Business Description