Equity to Asset ratio is calculated as total stockholders equity divided by total asset. PureBase's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $-1.08 Mil. PureBase's Total Assets for the quarter that ended in Feb. 2024 was $0.81 Mil.
The historical rank and industry rank for PureBase's Equity-to-Asset or its related term are showing as below:
PUBC'
s Equity-to-Asset Range Over the Past 10 Years
Min: -22 Med: -2.94 Max: -0.1
Current: -1.33
During the past 12 years, the highest Equity to Asset Ratio of PureBase was -0.10. The lowest was -22.00. And the median was -2.94.
PUBC's Equity-to-Asset is ranked worse than 98.8% of 251
companies
in the Agriculture industry
Industry Median: 0.53
vs PUBC: -1.33
PureBase Equity-to-Asset Historical Data
The historical data trend for PureBase'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 PureBase's Equity-to-Asset
For the Agricultural Inputs subindustry, PureBase'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.
PureBase's Equity-to-Asset Distribution in the Agriculture Industry
For the Agriculture industry and Basic Materials sector, PureBase's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where PureBase's Equity-to-Asset falls into.
PureBase 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.
PureBase's Equity to Asset Ratio for the fiscal year that ended in Nov. 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.
PureBase (OTCPK:PUBC) 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%.
PureBase Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of PureBase's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
PureBase Corp is a diversified, industrial mineral and natural resource company. It provides new and improved, and environmentally sound solutions to a wide range of industries including cornerstone markets of agriculture and construction. The company focuses on the acquisition, development, mining developing, and marketing of natural mineral properties in California, Nevada, and the United States. It provides minerals such as silica sand, kaolin, bentonite, leonardite, potassium silicate sulfate, pozzolan, and limestone. Geographically all the business activity of the firm is operated through the region of the United States.
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