New Found Gold (TSXV:NFG) Equity-to-Asset : 0.77 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is New Found Gold Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. New Found Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$65.50 Mil. New Found Gold's Total Assets for the quarter that ended in Dec. 2023 was C$84.58 Mil.

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

TSXV:NFG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.75 Med: 0.83 Max: 0.99
Current: 0.77

During the past 5 years, the highest Equity to Asset Ratio of New Found Gold was 0.99. The lowest was 0.75. And the median was 0.83.

TSXV:NFG's Equity-to-Asset is ranked worse than
52.98% of 2703 companies
in the Metals & Mining industry
Industry Median: 0.8 vs TSXV:NFG: 0.77

New Found Gold Equity-to-Asset Historical Data

The historical data trend for New Found 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.

New Found Gold Equity-to-Asset Chart

New Found Gold Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.96

0.99

0.83

0.75

0.77

New Found Gold Quarterly Data
	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														0.75	0.75	0.80	0.82	0.77

Competitive Comparison of New Found Gold's Equity-to-Asset

For the Gold subindustry, New Found 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.

New Found Gold's Equity-to-Asset Distribution in the Metals & Mining Industry

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

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

New Found 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.

New Found 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
	=	65.503	/	84.579
	=

New Found 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
	=	65.503	/	84.579
	=

New Found Gold (TSXV:NFG) 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%.

New Found Gold Equity-to-Asset Related Terms

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

New Found Gold (TSXV:NFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Found Gold Corp (TSXV:NFG) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

NFGC:USA 5QG:Germany

Address

1600 - 595 Burrard Street, Vancouver, BC, CAN, V6C 2V6

Website

https://www.newfoundgold.ca

New Found Gold Corp is a mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in the Provinces of Newfoundland and Labrador and Ontario, Canada. The Company's exploration is focused on discovering and delineating gold resources. The Company has one material property: the Queensway Project located in Newfoundland, Canada (the Queensway Project).