Equity to Asset ratio is calculated as total stockholders equity divided by total asset. TRX Gold's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $55.00 Mil. TRX Gold's Total Assets for the quarter that ended in Feb. 2024 was $88.20 Mil.
Therefore, TRX Gold's Equity to Asset Ratio for the quarter that ended in Feb. 2024 was 0.62.
The historical rank and industry rank for TRX Gold's Equity-to-Asset or its related term are showing as below:
TRX'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.46 Med: 0.69 Max: 0.95
Current: 0.62
During the past 13 years, the highest Equity to Asset Ratio of TRX Gold was 0.95. The lowest was 0.46. And the median was 0.69.
TRX's Equity-to-Asset is ranked worse than 65.75% of 2701
companies
in the Metals & Mining industry
Industry Median: 0.8
vs TRX: 0.62
TRX Gold Equity-to-Asset Historical Data
The historical data trend for TRX 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.
Competitive Comparison of TRX Gold's Equity-to-Asset
For the Gold subindustry, TRX 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.
TRX Gold's Equity-to-Asset Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, TRX Gold's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where TRX Gold's Equity-to-Asset falls into.
TRX 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.
TRX Gold's Equity to Asset Ratio for the fiscal year that ended in Aug. 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.
TRX Gold (AMEX:TRX) 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%.
TRX Gold Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of TRX Gold's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
TRX Gold Corp, formerly Tanzanian Gold Corp is a mineral resource company. It is engaged in the acquisition of interests and the exploration of natural resource properties. Its mineral properties are located in the United Republic of Tanzania. The company's main area of interest has been in the exploration and development of gold properties. Its projects include the Buckreef project, Kigosi project, and Itetemia Gold project whereas, its exploration stage project consists of the Lunguya project and the Luhala project.
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