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FPX Nickel (TSXV:FPX) Equity-to-Asset : 0.94 (As of Dec. 2023)


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What is FPX Nickel Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. FPX Nickel's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$56.06 Mil. FPX Nickel's Total Assets for the quarter that ended in Dec. 2023 was C$59.89 Mil.

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

TSXV:FPX' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.17   Med: 0.53   Max: 0.99
Current: 0.94

During the past 13 years, the highest Equity to Asset Ratio of FPX Nickel was 0.99. The lowest was 0.17. And the median was 0.53.

TSXV:FPX's Equity-to-Asset is ranked better than
75.03% of 2707 companies
in the Metals & Mining industry
Industry Median: 0.8 vs TSXV:FPX: 0.94

FPX Nickel Equity-to-Asset Historical Data

The historical data trend for FPX Nickel'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.

FPX Nickel Equity-to-Asset Chart

FPX Nickel Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.29 0.78 0.98 0.95 0.94

FPX Nickel Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.91 0.95 0.94 0.94 0.94

Competitive Comparison of FPX Nickel's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, FPX Nickel'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.


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

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

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



FPX Nickel 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.

FPX Nickel'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
=56.056/59.893
=

FPX Nickel'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
=56.056/59.893
=

* 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.


FPX Nickel  (TSXV:FPX) 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%.


FPX Nickel Equity-to-Asset Related Terms

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


FPX Nickel (TSXV:FPX) Business Description

Traded in Other Exchanges
Address
1155 West Pender Street, Suite 320, Vancouver, BC, CAN, V6E 2P4
FPX Nickel Corp focuses is involved in the acquisition and exploration of mineral property interests that are considered potential sites of economic mineralization. Its projects portfolio includes Decar Nickel District, Mich Property, Yukon; Orca Property; Wale Property; and Klow Property; in British Columbia.
Executives
Allyn Knoche 10% Security Holder