Allied Gold (TSX:AAUC) Equity-to-Asset : 0.32 (As of Mar. 2024)

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What is Allied Gold Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Allied Gold's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$401.1 Mil. Allied Gold's Total Assets for the quarter that ended in Mar. 2024 was C$1,260.0 Mil. Therefore, Allied Gold's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.32.

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

TSX:AAUC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.07 Med: 0.19 Max: 0.31
Current: 0.31

During the past 2 years, the highest Equity to Asset Ratio of Allied Gold was 0.31. The lowest was 0.07. And the median was 0.19.

TSX:AAUC's Equity-to-Asset is ranked worse than
81.99% of 2709 companies
in the Metals & Mining industry
Industry Median: 0.8 vs TSX:AAUC: 0.31

Allied Gold Equity-to-Asset Historical Data

The historical data trend for Allied 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.

* Premium members only.

Allied Gold Equity-to-Asset Chart

Allied Gold Annual Data

Trend

Dec22

Dec23

Equity-to-Asset

0.07

0.31

Allied Gold Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial			0.07	-	0.32	0.31	0.32

Competitive Comparison of Allied Gold's Equity-to-Asset

For the Gold subindustry, Allied 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.

Allied Gold's Equity-to-Asset Distribution in the Metals & Mining Industry

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

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

Allied 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.

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

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	402.354	/	1282.953
	=	0.31

Allied Gold's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	401.137	/	1259.97
	=	0.32

Allied Gold (TSX:AAUC) 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%.

Allied Gold Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Allied Gold's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Allied Gold (TSX:AAUC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Allied Gold Corp (TSX:AAUC) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

AAUCF:USA

Address

40 Temperance Street, Suite 3200, Bay Adelaide Centre - North Tower, Pacific Centre, Toronto, ON, CAN, M5H 0B4

Website

Allied Gold Corp is a company focused on gold mining asset transformation in Africa. Allied has three mines and several development and exploration projects in Africa where it has significant operating experience. Operations are located in Cote d'Ivoire, Mali, Ethiopia and Egypt. The company aspires to become a mid-tier next-generation gold producer in Africa.

Executives

Gerardo Fernandez-tobar

Senior Officer

Allied Gold (TSX:AAUC) Headlines

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