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G Mining Ventures (G Mining Ventures) Equity-to-Asset : 0.45 (As of Dec. 2023)


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What is G Mining Ventures Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. G Mining Ventures's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $263.04 Mil. G Mining Ventures's Total Assets for the quarter that ended in Dec. 2023 was $587.71 Mil.

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

GMINF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.45   Med: 0.93   Max: 0.95
Current: 0.45

During the past 5 years, the highest Equity to Asset Ratio of G Mining Ventures was 0.95. The lowest was 0.45. And the median was 0.93.

GMINF's Equity-to-Asset is ranked worse than
76.03% of 2703 companies
in the Metals & Mining industry
Industry Median: 0.8 vs GMINF: 0.45

G Mining Ventures Equity-to-Asset Historical Data

The historical data trend for G Mining Ventures'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.

G Mining Ventures Equity-to-Asset Chart

G Mining Ventures Annual Data
Trend Oct18 Oct19 Oct20 Dec22 Dec23
Equity-to-Asset
0.61 0.93 0.95 0.94 0.45

G Mining Ventures Quarterly Data
Jul18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.94 0.65 0.52 0.44 0.45

Competitive Comparison of G Mining Ventures's Equity-to-Asset

For the Other Precious Metals & Mining subindustry, G Mining Ventures'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.


G Mining Ventures's Equity-to-Asset Distribution in the Metals & Mining Industry

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

* The bar in red indicates where G Mining Ventures's Equity-to-Asset falls into.



G Mining Ventures 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.

G Mining Ventures'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
=263.038/587.705
=

G Mining Ventures'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
=263.038/587.705
=

* 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.


G Mining Ventures  (OTCPK:GMINF) 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%.


G Mining Ventures Equity-to-Asset Related Terms

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


G Mining Ventures (G Mining Ventures) Business Description

Traded in Other Exchanges
Address
7900 Boul. Taschereau, Building D, Suite 210, Brossard, QC, CAN, J4X 1C2
G Mining Ventures Corp is a mineral exploration company engaged in the acquisition, exploration and development of precious metal projects. Its flagship asset, the permitted Tocantinzinho Project, is located in Para State, Brazil. Tocantinzinho is an open-pit gold deposit containing around 2.0 million ounces of reserves at 1.3 g/t. The deposit is open at depth and the underexplored 688km2 land package presents an additional exploration potential. It has one operating segment, the exploration and development of mineral properties.