Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Contango Ore's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-14.55 Mil. Contango Ore's Total Assets for the quarter that ended in Dec. 2023 was $58.59 Mil.
The historical rank and industry rank for Contango Ore's Equity-to-Asset or its related term are showing as below:
CTGO'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.33 Med: 0.94 Max: 1
Current: -0.25
During the past 13 years, the highest Equity to Asset Ratio of Contango Ore was 1.00. The lowest was -0.33. And the median was 0.94.
CTGO's Equity-to-Asset is ranked worse than 90.78% of 2702
companies
in the Metals & Mining industry
Industry Median: 0.8
vs CTGO: -0.25
Contango Ore Equity-to-Asset Historical Data
The historical data trend for Contango Ore'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.
Competitive Comparison of Contango Ore's Equity-to-Asset
For the Gold subindustry, Contango Ore'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.
Contango Ore's Equity-to-Asset Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Contango Ore's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Contango Ore's Equity-to-Asset falls into.
Contango Ore 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.
Contango Ore's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as
* 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.
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%.
Contango Ore Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Contango Ore's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Contango Ore Inc operates in the United States. The company is engaged in the exploration of gold, silver, and copper ores in the State of Alaska. The company's primary focus is the exploration of a mineral lease with the Native Village of Tetlin whose governmental entity is the Tetlin Tribal Council for the exploration of minerals near Tok, Alaska. It has formed a joint venture to advance exploration of the Tetlin Property, which is prospective for gold and associated minerals. The Tetlin Property is located in the Tetlin Hills and Mentasta Mountains of eastern interior Alaska.
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