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Gold Mountain Mining (TSX:GMTN) Equity-to-Asset : 0.63 (As of Jan. 2024)


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What is Gold Mountain Mining Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Gold Mountain Mining's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$31.65 Mil. Gold Mountain Mining's Total Assets for the quarter that ended in Jan. 2024 was C$50.35 Mil. Therefore, Gold Mountain Mining's Equity to Asset Ratio for the quarter that ended in Jan. 2024 was 0.63.

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

TSX:GMTN' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.12   Med: 0.67   Max: 0.98
Current: 0.63

During the past 6 years, the highest Equity to Asset Ratio of Gold Mountain Mining was 0.98. The lowest was 0.12. And the median was 0.67.

TSX:GMTN's Equity-to-Asset is ranked worse than
64.43% of 2710 companies
in the Metals & Mining industry
Industry Median: 0.8 vs TSX:GMTN: 0.63

Gold Mountain Mining Equity-to-Asset Historical Data

The historical data trend for Gold Mountain Mining'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.

Gold Mountain Mining Equity-to-Asset Chart

Gold Mountain Mining Annual Data
Trend Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Equity-to-Asset
Get a 7-Day Free Trial 0.12 0.36 0.70 0.82 0.63

Gold Mountain Mining Quarterly Data
Jan19 Jan20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.82 0.81 0.78 0.71 0.63

Competitive Comparison of Gold Mountain Mining's Equity-to-Asset

For the Gold subindustry, Gold Mountain Mining'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.


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

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

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



Gold Mountain Mining 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.

Gold Mountain Mining's Equity to Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

Equity to Asset (A: Jan. 2024 )=Total Stockholders Equity/Total Assets
=31.645/50.349
=0.63

Gold Mountain Mining's Equity to Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

Equity to Asset (Q: Jan. 2024 )=Total Stockholders Equity/Total Assets
=31.645/50.349
=0.63

* 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.


Gold Mountain Mining  (TSX:GMTN) 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%.


Gold Mountain Mining Equity-to-Asset Related Terms

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


Gold Mountain Mining (TSX:GMTN) Business Description

Traded in Other Exchanges
Address
1285 West Pender Street, Suite 1000, Vancouver, BC, CAN, V6E 4B1
Gold Mountain Mining Corp is a gold and silver exploration and development company. It focuses on the expansion of the resource at the Elk Gold Project, a past-producing mine located 57 km from Merritt in South Central British Columbia. It operates in a single segment, being the production of crushed ore and mineral exploration and development of resources.

Gold Mountain Mining (TSX:GMTN) Headlines

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