Prime Mining (TSX:PRYM) Equity-to-Asset : 0.93 (As of Dec. 2023)

Prime Mining Equity-to-Asset Chart

Prime Mining Annual Data
	Trend	Apr14	Apr15	Apr16	Apr17	Apr18	Apr19	Apr20	Apr21	Dec22	Dec23
Equity-to-Asset		Get a 7-Day Free Trial					0.87	0.80	0.96	0.95	0.93

Prime Mining Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.93	0.95	0.94	0.97	0.93

Competitive Comparison of Prime Mining's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Prime 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.

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

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

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

Prime 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.

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

Prime Mining's Equity to Asset Ratio for the quarter 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.

Prime Mining  (TSX:PRYM) 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%.

Prime Mining Equity-to-Asset Related Terms

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Prime Mining (TSX:PRYM) Business Description