Scandium Canada (TSXV:SCD) Equity-to-Asset : 0.94 (As of Feb. 2024)

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What is Scandium Canada Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Scandium Canada's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$12.22 Mil. Scandium Canada's Total Assets for the quarter that ended in Feb. 2024 was C$12.96 Mil.

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

TSXV:SCD' s Equity-to-Asset Range Over the Past 10 Years
Min: -7.75 Med: 0.94 Max: 0.98
Current: 0.94

During the past 6 years, the highest Equity to Asset Ratio of Scandium Canada was 0.98. The lowest was -7.75. And the median was 0.94.

TSXV:SCD's Equity-to-Asset is ranked better than
75.35% of 2710 companies
in the Metals & Mining industry
Industry Median: 0.8 vs TSXV:SCD: 0.94

Scandium Canada Equity-to-Asset Historical Data

The historical data trend for Scandium Canada'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.

Scandium Canada Equity-to-Asset Chart

Scandium Canada Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Equity-to-Asset

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0.89

0.94

0.95

0.90

0.96

Scandium Canada Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Equity-to-Asset	Get a 7-Day Free Trial															0.97	0.94	0.96	0.97	0.94

Competitive Comparison of Scandium Canada's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Scandium Canada'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.

Scandium Canada's Equity-to-Asset Distribution in the Metals & Mining Industry

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

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

Scandium Canada 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.

Scandium Canada's Equity to Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

Equity to Asset (A: Aug. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	12.406	/	12.901
	=

Scandium Canada's Equity to Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

Equity to Asset (Q: Feb. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	12.22	/	12.955
	=

Scandium Canada (TSXV:SCD) 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%.

Scandium Canada Equity-to-Asset Related Terms

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

Scandium Canada (TSXV:SCD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Scandium Canada Ltd (TSXV:SCD) » Definitions » Equity-to-Asset

Comparable Companies

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IMPNF:USA

Address

410 Saint-Nicolas Street, Suite 236, Montreal, QC, CAN, H2Y 2P5

Website

https://www.imperialmgp.com

Imperial Mining Group Ltd is a Canadian-based company that deals with acquisition and exploration of mining properties. It is engaged in mining exploration for gold, base metal, and technology metal mining sites located in Canada. The company's projects are Crater Lake, Opawica, La Ronciera, and others.