Blue Thunder Mining (TSXV:BLUE) Equity-to-Asset : 0.40 (As of Dec. 2023)

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What is Blue Thunder Mining Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Blue Thunder Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$0.46 Mil. Blue Thunder Mining's Total Assets for the quarter that ended in Dec. 2023 was C$1.17 Mil.

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

TSXV:BLUE' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.22 Med: 0.53 Max: 0.7
Current: 0.4

During the past 5 years, the highest Equity to Asset Ratio of Blue Thunder Mining was 0.70. The lowest was -0.22. And the median was 0.53.

TSXV:BLUE's Equity-to-Asset is ranked worse than
77.84% of 2707 companies
in the Metals & Mining industry
Industry Median: 0.8 vs TSXV:BLUE: 0.40

Blue Thunder Mining Equity-to-Asset Historical Data

The historical data trend for Blue Thunder 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.

Blue Thunder Mining Equity-to-Asset Chart

Blue Thunder Mining Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.53

0.70

0.65

-0.22

0.40

Blue Thunder Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															-0.22	-0.44	-2.57	-3.01	0.40

Competitive Comparison of Blue Thunder Mining's Equity-to-Asset

For the Gold subindustry, Blue Thunder 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.

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

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

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

Blue Thunder 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.

Blue Thunder Mining'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
	=	0.462	/	1.169
	=

Blue Thunder Mining's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	0.462	/	1.169
	=

Blue Thunder Mining (TSXV:BLUE) 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%.

Blue Thunder Mining Equity-to-Asset Related Terms

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

Blue Thunder Mining (TSXV:BLUE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Blue Thunder Mining Inc (TSXV:BLUE) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

BLTMF:USA

Address

401 Bay Street, Suite 2704, P.O. Box 4, Toronto, ON, CAN, M5H 2Y4

Website

https://www.bluethundermining.com

Blue Thunder Mining Inc is a mining company. It is focused on the acquisition, exploration, and development of mineral properties in Canada. The firm's projects include the Nelligan gold deposit, Monster Lake gold deposit, Chevrier Main Zone gold deposit, and Joe Mann gold mine. The Company's only activity is mineral exploration and evaluation. All of the Company's field equipment and supplies and exploration claims are physically located in the Province of Quebec.