True North Copper (ASX:TNC) Equity-to-Asset : 0.31 (As of Dec. 2023)

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What is True North Copper Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. True North Copper's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$24.22 Mil. True North Copper's Total Assets for the quarter that ended in Dec. 2023 was A$77.63 Mil. Therefore, True North Copper's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.31.

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

ASX:TNC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.31 Med: 0.96 Max: 0.98
Current: 0.31

During the past 4 years, the highest Equity to Asset Ratio of True North Copper was 0.98. The lowest was 0.31. And the median was 0.96.

ASX:TNC's Equity-to-Asset is ranked worse than
81.47% of 2715 companies
in the Metals & Mining industry
Industry Median: 0.79 vs ASX:TNC: 0.31

True North Copper Equity-to-Asset Historical Data

The historical data trend for True North 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.

True North Copper Equity-to-Asset Chart

True North Copper Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Equity-to-Asset

0.99

0.93

0.96

0.39

True North Copper Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.98	0.96	0.97	0.39	0.31

Competitive Comparison of True North Copper's Equity-to-Asset

For the Copper subindustry, True North 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.

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

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

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

True North 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.

True North Copper's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	29.561	/	75.3
	=	0.39

True North 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
	=	24.221	/	77.626
	=	0.31

True North Copper (ASX:TNC) 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%.

True North Copper Equity-to-Asset Related Terms

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True North Copper (ASX:TNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » True North Copper Ltd (ASX:TNC) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

46-48 Sheridan Street, PO Box 3006, Level 9, Citi Central Tower, Cairns, QLD, AUS, 4870

Website

https://www.truenorthcopper.com.au

True North Copper Ltd is a mining and exploration company. The company mainly explores copper and cobalt projects located in Cloncurry and Mt Oxide. It has having only one reportable segment, being exploration, development and operations for minerals.