The historical rank and industry rank for Angel Wing Metals's Equity-to-Asset or its related term are showing as below:
TSXV:AWM'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.06 Med: 0.65 Max: 0.93
Current: 0.93
During the past 13 years, the highest Equity to Asset Ratio of Angel Wing Metals was 0.93. The lowest was -0.06. And the median was 0.65.
TSXV:AWM's Equity-to-Asset is ranked better than 72.47% of 2710
companies
in the Metals & Mining industry
Industry Median: 0.8
vs TSXV:AWM: 0.93
Angel Wing Metals Equity-to-Asset Historical Data
The historical data trend for Angel Wing Metals'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.
Competitive Comparison of Angel Wing Metals's Equity-to-Asset
For the Other Precious Metals & Mining subindustry, Angel Wing Metals'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.
Angel Wing Metals's Equity-to-Asset Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Angel Wing Metals's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Angel Wing Metals's Equity-to-Asset falls into.
Angel Wing Metals 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.
Angel Wing Metals's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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%.
Angel Wing Metals Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Angel Wing Metals's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Angel Wing Metals Inc is focused on the exploration and development of its portfolio of precious metals properties in Mexico and Canada. The company's flagship El Grande gold project covers approximately 550 square kilometers in the southern extension of the prolific Sierra Madre Occidental gold-silver belt in the state of Nayarit, Mexico, and demonstrates significant gold and silver mineralization. It also owns two early-stage gold exploration projects in Northwestern Ontario. The Winora Project is located near Lingman lake, 325 km north of Red Lake, and Quartz Lake Project which is located 50km east of the prolific Red Lake district. The Company operates in one industry segment, namely the exploration of mineral resources in two geographic regions, Canada and Mexico.
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