Mayfair Gold (TSXV:MFG) Equity-to-Asset : 0.91 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Mayfair Gold Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Mayfair Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$25.95 Mil. Mayfair Gold's Total Assets for the quarter that ended in Dec. 2023 was C$28.49 Mil.

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

TSXV:MFG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.89 Med: 0.92 Max: 0.98
Current: 0.91

During the past 5 years, the highest Equity to Asset Ratio of Mayfair Gold was 0.98. The lowest was 0.89. And the median was 0.92.

TSXV:MFG's Equity-to-Asset is ranked better than
67.33% of 2709 companies
in the Metals & Mining industry
Industry Median: 0.8 vs TSXV:MFG: 0.91

Mayfair Gold Equity-to-Asset Historical Data

The historical data trend for Mayfair 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.

Mayfair Gold Equity-to-Asset Chart

Mayfair Gold Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.98

0.93

0.89

0.91

Mayfair Gold Quarterly Data
	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial											0.89	0.91	0.90	0.93	0.91

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

For the Gold subindustry, Mayfair 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.

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

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

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

Mayfair 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.

Mayfair 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
	=	25.947	/	28.493
	=

Mayfair Gold'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
	=	25.947	/	28.493
	=

Mayfair Gold (TSXV:MFG) 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%.

Mayfair Gold Equity-to-Asset Related Terms

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

Mayfair Gold (TSXV:MFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mayfair Gold Corp (TSXV:MFG) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

MFGCF:USA

Address

489 MacDougal Street, Matheson, ON, CAN, P0K 1N0

Website

https://www.mayfairgold.ca

Mayfair Gold Corp is a mineral exploration company that is engaged in the acquisition and exploration of mineral properties. It has one material mineral property, the Fenn-Gib Property, located in the Guibord, Munro, Michaud, and McCool Townships in northeast Ontario, which is in the exploration stage. The Company has one operating segment, which is defined as an exploration and development unit in Canada.

Executives