The historical rank and industry rank for Thunder Mountain Gold's Equity-to-Asset or its related term are showing as below:
THMG'
s Equity-to-Asset Range Over the Past 10 Years
Min: -1.6 Med: -0.05 Max: 0.86
Current: -1.02
During the past 13 years, the highest Equity to Asset Ratio of Thunder Mountain Gold was 0.86. The lowest was -1.60. And the median was -0.05.
THMG's Equity-to-Asset is ranked worse than 93.07% of 2711
companies
in the Metals & Mining industry
Industry Median: 0.8
vs THMG: -1.02
Thunder Mountain Gold Equity-to-Asset Historical Data
The historical data trend for Thunder Mountain 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 Thunder Mountain Gold's Equity-to-Asset
For the Other Precious Metals & Mining subindustry, Thunder Mountain 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.
Thunder Mountain Gold's Equity-to-Asset Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Thunder Mountain Gold's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Thunder Mountain Gold's Equity-to-Asset falls into.
Thunder Mountain 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.
Thunder Mountain 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%.
Thunder Mountain Gold Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Thunder Mountain Gold's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Thunder Mountain Gold (Thunder Mountain Gold) Business Description
Thunder Mountain Gold Inc is a mineral exploration stage company. It is engaged in exploring mining properties that have the potential to produce gold, silver, base metals, and other commodities. The company holds interests in the South Mountain and Trout Creek Project. The current land package at South Mountain consists of 17 patented mining claims encompassing approximately 326 acres, 21 unpatented mining lode claims covering approximately 290 acres, and approximately 489 acres of leased private land. In addition, the project owns 360 acres of private land (mill site) not contiguous with the mining claims. All holdings are in the South Mountain Mining District, Owyhee County, Idaho.
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