Cannon Resources (ASX:CNR) Equity-to-Asset : 0.94 (As of Dec. 2021)

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What is Cannon Resources Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Cannon Resources's Total Stockholders Equity for the quarter that ended in Dec. 2021 was A$14.38 Mil. Cannon Resources's Total Assets for the quarter that ended in Dec. 2021 was A$15.31 Mil.

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

ASX:CNR'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.

Cannon Resources Equity-to-Asset Historical Data

The historical data trend for Cannon 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.

Cannon Resources Equity-to-Asset Chart

Cannon Resources Annual Data

Trend

Jun22

Equity-to-Asset

0.89

Cannon Resources Semi-Annual Data
	Dec21	Jun22
Equity-to-Asset	0.94	0.89

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

For the Other Industrial Metals & Mining subindustry, Cannon 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.

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

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

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

Cannon 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.

Cannon 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
	=	11.254	/	12.649
	=

Cannon Resources's Equity to Asset Ratio for the quarter that ended in Dec. 2021 is calculated as

Equity to Asset (Q: Dec. 2021 )	=	Total Stockholders Equity	/	Total Assets
	=	14.379	/	15.305
	=

Cannon Resources (ASX:CNR) 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%.

Cannon Resources Equity-to-Asset Related Terms

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Cannon Resources (ASX:CNR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cannon Resources Ltd (ASX:CNR) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

87 Colin Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.cannonres.com.au

Cannon Resources Ltd is a mineral exploration and development company. It is engaged in two projects located in the North-Eastern Goldfields region of Western Australia. The Fisher East Project contains nickel deposits of Camelwood, Cannonball, and Musket; and the Collurabbie Project. The Group operates within the mineral exploration industry in Australia.