Agnico Eagle Mines (TSX:AEM) Equity-to-Asset

: 0.68 (As of Dec. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Agnico Eagle Mines's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$26,058 Mil. Agnico Eagle Mines's Total Assets for the quarter that ended in Dec. 2023 was C$38,484 Mil. Therefore, Agnico Eagle Mines's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.68.

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

TSX:AEM' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.58 Med: 0.61 Max: 0.69
Current: 0.68

During the past 13 years, the highest Equity to Asset Ratio of Agnico Eagle Mines was 0.69. The lowest was 0.58. And the median was 0.61.

TSX:AEM's Equity-to-Asset is ranked worse than
61.38% of 2701 companies
in the Metals & Mining industry
Industry Median: 0.8 vs TSX:AEM: 0.68

Agnico Eagle Mines Equity-to-Asset Historical Data

The historical data trend for Agnico Eagle Mines'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.

Agnico Eagle Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.58

0.59

0.69

0.68

Agnico Eagle Mines 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	Get a 7-Day Free Trial															0.69	0.67	0.68	0.68	0.68

Competitive Comparison

For the Gold subindustry, Agnico Eagle Mines'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.

Agnico Eagle Mines Equity-to-Asset Distribution

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

* The bar in red indicates where Agnico Eagle Mines's Equity-to-Asset falls into.

Agnico Eagle Mines 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.

Agnico Eagle Mines'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
	=	26057.783	/	38483.728
	=	0.68

Agnico Eagle Mines'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
	=	26057.783	/	38483.728
	=	0.68

Agnico Eagle Mines (TSX:AEM) 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%.

Agnico Eagle Mines Equity-to-Asset Related Terms

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Agnico Eagle Mines (TSX:AEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Agnico Eagle Mines Ltd (TSX:AEM) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

AEM:USA AEM:Mexico AE9:Germany AEM:Argentina

Address

145 King Street East, Suite 400, Toronto, ON, CAN, M5C 2Y7

Website

https://www.agnicoeagle.com

Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It produced more than 3.1 million gold ounces in 2022 and had about 15 years of gold reserves at end 2022. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.