Kinross Gold (Kinross Gold) Equity-to-Asset

: 0.58 (As of Dec. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Kinross Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $6,084 Mil. Kinross Gold's Total Assets for the quarter that ended in Dec. 2023 was $10,543 Mil. Therefore, Kinross Gold's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.58.

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

KGC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.5 Med: 0.56 Max: 0.63
Current: 0.58

During the past 13 years, the highest Equity to Asset Ratio of Kinross Gold was 0.63. The lowest was 0.50. And the median was 0.56.

KGC's Equity-to-Asset is ranked worse than
68.85% of 2697 companies
in the Metals & Mining industry
Industry Median: 0.81 vs KGC: 0.58

Kinross Gold Equity-to-Asset Historical Data

The historical data trend for Kinross 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.

Kinross Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.59

0.60

0.63

0.56

0.58

Kinross Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset																0.56	0.56	0.57	0.57	0.58

Competitive Comparison

For the Gold subindustry, Kinross 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.

Kinross Gold Equity-to-Asset Distribution

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

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

Kinross 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.

Kinross 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
	=	6083.7	/	10543.3
	=	0.58

Kinross 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
	=	6083.7	/	10543.3
	=	0.58

Kinross Gold (NYSE:KGC) 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%.

Kinross Gold Equity-to-Asset Related Terms

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

Kinross Gold (Kinross Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kinross Gold Corp (NYSE:KGC) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

0R2D:UK KIN2:Germany KIN2:Germany KIN2:Germany K:Canada KGC:Argentina

Address

25 York Street, 17th Floor, Toronto, ON, CAN, M5J 2V5

Website

https://www.kinross.com

Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2022. The company had about a decade of gold reserves at the end of 2022. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada, which, if developed, could produce an average of more than 500,000 ounces of gold per year for at least a decade.