Kobrea Exploration (XCNQ:KBX) Equity-to-Asset : 0.91 (As of Jan. 2024)

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What is Kobrea Exploration Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Kobrea Exploration's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$0.35 Mil. Kobrea Exploration's Total Assets for the quarter that ended in Jan. 2024 was C$0.38 Mil.

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

XCNQ:KBX' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.85 Med: 0.88 Max: 0.91
Current: 0.91

During the past 2 years, the highest Equity to Asset Ratio of Kobrea Exploration was 0.91. The lowest was 0.85. And the median was 0.88.

XCNQ:KBX's Equity-to-Asset is ranked better than
67.97% of 2713 companies
in the Metals & Mining industry
Industry Median: 0.79 vs XCNQ:KBX: 0.91

Kobrea Exploration Equity-to-Asset Historical Data

The historical data trend for Kobrea Exploration'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.

Kobrea Exploration Equity-to-Asset Chart

Kobrea Exploration Annual Data

Trend

Jan23

Jan24

Equity-to-Asset

0.85

0.91

Kobrea Exploration Quarterly Data
	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Equity-to-Asset	Get a 7-Day Free Trial			0.85	0.95	0.96	0.96	0.91

Competitive Comparison of Kobrea Exploration's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Kobrea Exploration'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.

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

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

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

Kobrea Exploration 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.

Kobrea Exploration's Equity to Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

Equity to Asset (A: Jan. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	0.348	/	0.384
	=

Kobrea Exploration's Equity to Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

Equity to Asset (Q: Jan. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	0.348	/	0.384
	=

Kobrea Exploration (XCNQ:KBX) 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%.

Kobrea Exploration Equity-to-Asset Related Terms

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

Kobrea Exploration (XCNQ:KBX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kobrea Exploration Corp (XCNQ:KBX) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

F3I:Germany

Address

330 – 890 Pender Street West, British Columbia, Vancouver, CAN, V6C 1J9

Website

Kobrea Exploration Corp is a mineral exploration company in Canada. Its objective is to explore and, if warranted, develop the property.

Kobrea Exploration (XCNQ:KBX) Headlines

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