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Onyx Gold (TSXV:ONYX) Equity-to-Asset : 0.91 (As of Sep. 2023)


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What is Onyx Gold Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Onyx Gold's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$23.30 Mil. Onyx Gold's Total Assets for the quarter that ended in Sep. 2023 was C$25.60 Mil.

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

TSXV:ONYX' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.91   Med: 0.94   Max: 0.98
Current: 0.91

During the past 0 years, the highest Equity to Asset Ratio of Onyx Gold was 0.98. The lowest was 0.91. And the median was 0.94.

TSXV:ONYX's Equity-to-Asset is ranked better than
67.6% of 2710 companies
in the Metals & Mining industry
Industry Median: 0.8 vs TSXV:ONYX: 0.91

Onyx Gold Equity-to-Asset Historical Data

The historical data trend for Onyx 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.

Onyx Gold Equity-to-Asset Chart

Onyx Gold Annual Data
Trend
Equity-to-Asset

Onyx Gold Semi-Annual Data
Sep23
Equity-to-Asset 0.91

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

For the Gold subindustry, Onyx 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.

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

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

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


Onyx 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.

Onyx Gold's Equity to Asset Ratio for the fiscal year that ended in . 20 is calculated as

Equity to Asset (A: . 20 )=Total Stockholders Equity/Total Assets
=/
=

Onyx Gold's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )=Total Stockholders Equity/Total Assets
=23.3/25.602
=

* 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.

Onyx Gold  (TSXV:ONYX) 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%.

Onyx Gold Equity-to-Asset Related Terms

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

Onyx Gold (TSXV:ONYX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Onyx Gold corp (TSXV:ONYX) » Definitions » Equity-to-Asset
Comparable Companies
TSXV:GXX TSXV:SIC TSXV:GFG TSXV:RDU XCNQ:HWG TSXV:JG TSXV:PUMA TSXV:FMAN TSXV:YGT XCNQ:BNN SHSE:601899 NEM TSX:ABX TSX:FNV TSX:AEM TSX:WPM MIC:PLZL ASX:NCM SHSE:600547 JSE:GFI
Traded in Other Exchanges
ONXGF:USA
Address
375 Water Street, Suite 405, Vancouver, BC, CAN, V6B 5C6
Website
https://www.onyxgold.com
Onyx Gold corp is an exploration company focused on Canadian mining jurisdictions, with assets in Timmins, Ontario, and Yukon Territory. The company's portfolio of gold projects in the greater Timmins gold camp includes the Munro-Croesus Gold property, for its mineralization, plus two additional earlier-stage large exploration properties, Golden Mile and Timmins South.
Executives
Brock Macaulay Colterjohn Director, Senior Officer
Nicole Raymonde Hoeller Senior Officer
Darwin Green Director, Senior Officer