Relevant Gold (TSXV:RGC) Equity-to-Asset : 0.55 (As of Dec. 2023)

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What is Relevant Gold Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Relevant Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$0.69 Mil. Relevant Gold's Total Assets for the quarter that ended in Dec. 2023 was C$1.25 Mil.

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

TSXV:RGC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.55 Med: 0.64 Max: 0.76
Current: 0.55

During the past 3 years, the highest Equity to Asset Ratio of Relevant Gold was 0.76. The lowest was 0.55. And the median was 0.64.

TSXV:RGC's Equity-to-Asset is ranked worse than
69.08% of 2707 companies
in the Metals & Mining industry
Industry Median: 0.8 vs TSXV:RGC: 0.55

Relevant Gold Equity-to-Asset Historical Data

The historical data trend for Relevant 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.

Relevant Gold Equity-to-Asset Chart

Relevant Gold Annual Data

Trend

Dec21

Dec22

Dec23

Equity-to-Asset

0.64

0.76

0.55

Relevant Gold Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial						0.76	0.72	0.95	0.69	0.55

Competitive Comparison of Relevant Gold's Equity-to-Asset

For the Gold subindustry, Relevant 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.

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

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

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

Relevant 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.

Relevant 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
	=	0.688	/	1.247
	=

Relevant 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
	=	0.688	/	1.247
	=

Relevant Gold (TSXV:RGC) 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%.

Relevant Gold Equity-to-Asset Related Terms

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

Relevant Gold (TSXV:RGC) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

RGCCF:USA

Address

1055 West Hastings Street, Suite 1700, Vancouver, BC, CAN, V6E 2E9

Website

https://www.relevantgoldcorp.com

Relevant Gold Corp is a mineral resource company. The company is focused on the acquisition, exploration, discovery, and development of mineral resource properties in Wyoming, USA. Its properties comprise Golden Buffalo gold property, Lewiston gold property, Windy Flats, Shield-Carissa property, and Bradley Peak property.

Executives

Mahesh Nalinda Liyanage

Senior Officer