Ero Copper (TSX:ERO) Equity-to-Asset : 0.53 (As of Dec. 2023)

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What is Ero Copper Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Ero Copper's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$1,079.0 Mil. Ero Copper's Total Assets for the quarter that ended in Dec. 2023 was C$2,028.1 Mil. Therefore, Ero Copper's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.53.

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

TSX:ERO' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.08 Med: 0.43 Max: 0.57
Current: 0.53

During the past 8 years, the highest Equity to Asset Ratio of Ero Copper was 0.57. The lowest was 0.08. And the median was 0.43.

TSX:ERO's Equity-to-Asset is ranked worse than
71.28% of 2702 companies
in the Metals & Mining industry
Industry Median: 0.8 vs TSX:ERO: 0.53

Ero Copper Equity-to-Asset Historical Data

The historical data trend for Ero Copper'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.

Ero Copper Equity-to-Asset Chart

Ero Copper Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.43

0.57

0.45

0.53

Ero Copper 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															0.45	0.48	0.49	-	0.53

Competitive Comparison of Ero Copper's Equity-to-Asset

For the Copper subindustry, Ero Copper'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.

Ero Copper's Equity-to-Asset Distribution in the Metals & Mining Industry

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

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

Ero Copper 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.

Ero Copper'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
	=	1078.982	/	2028.081
	=	0.53

Ero Copper'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
	=	1078.982	/	2028.081
	=	0.53

Ero Copper (TSX:ERO) 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%.

Ero Copper Equity-to-Asset Related Terms

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

Ero Copper (TSX:ERO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ero Copper Corp (TSX:ERO) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

ERO:USA E0B:Germany

Address

625 Howe Street, Suite 1050, Vancouver, BC, CAN, V6C 2T6

Website

https://www.erocopper.com

Ero Copper Corp is a base metals mining company. It is focused on the production and sale of copper from the Vale do Curaca Property in Brazil, with gold and silver produced and sold as by-products from the same. Ero's operations are segmented between MCSA, NX Gold, and corporate. Ore is processed using conventional crushing and flotation at the Caraiba Mill, located adjacent to the Pilar underground mine. It holds an interest in MCSA Mining Complex, Boa Esperanca property, and NX Gold Property.