Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Athena Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $6.32 Mil. Athena Gold's Total Assets for the quarter that ended in Dec. 2023 was $6.74 Mil.
The historical rank and industry rank for Athena Gold's Equity-to-Asset or its related term are showing as below:
AHNR'
s Equity-to-Asset Range Over the Past 10 Years
Min: -15.6 Med: -0.05 Max: 0.94
Current: 0.94
During the past 13 years, the highest Equity to Asset Ratio of Athena Gold was 0.94. The lowest was -15.60. And the median was -0.05.
AHNR's Equity-to-Asset is ranked better than 75.28% of 2710
companies
in the Metals & Mining industry
Industry Median: 0.8
vs AHNR: 0.94
Athena Gold Equity-to-Asset Historical Data
The historical data trend for Athena Gold'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 Athena Gold's Equity-to-Asset
For the Other Precious Metals & Mining subindustry, Athena Gold'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.
Athena Gold's Equity-to-Asset Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Athena Gold's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Athena Gold's Equity-to-Asset falls into.
Athena Gold 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.
Athena Gold's Equity to Asset Ratio for the fiscal year 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.
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%.
Athena Gold Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Athena Gold's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Athena Gold Corp is focused on the exploration and development of precious metals in the Western United States. Its core holding is Excelsior Springs Project in Nevada's Walker Lane Gold District.
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