Sokoman Minerals (TSXV:SIC) Equity-to-Asset : 0.98 (As of Dec. 2023)

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What is Sokoman Minerals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Sokoman Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$10.08 Mil. Sokoman Minerals's Total Assets for the quarter that ended in Dec. 2023 was C$10.26 Mil.

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

TSXV:SIC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.79 Med: 0.92 Max: 0.98
Current: 0.98

During the past 13 years, the highest Equity to Asset Ratio of Sokoman Minerals was 0.98. The lowest was 0.79. And the median was 0.92.

TSXV:SIC's Equity-to-Asset is ranked better than
92.84% of 2711 companies
in the Metals & Mining industry
Industry Median: 0.8 vs TSXV:SIC: 0.98

Sokoman Minerals Equity-to-Asset Historical Data

The historical data trend for Sokoman Minerals'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.

Sokoman Minerals Equity-to-Asset Chart

Sokoman Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Equity-to-Asset

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0.98

0.95

0.96

0.87

0.79

Sokoman Minerals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.92	0.94	0.79	0.79	0.98

Competitive Comparison of Sokoman Minerals's Equity-to-Asset

For the Gold subindustry, Sokoman Minerals'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.

Sokoman Minerals's Equity-to-Asset Distribution in the Metals & Mining Industry

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

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

Sokoman Minerals 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.

Sokoman Minerals'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
	=	5.279	/	6.702
	=

Sokoman Minerals'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
	=	10.076	/	10.257
	=

Sokoman Minerals (TSXV:SIC) 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%.

Sokoman Minerals Equity-to-Asset Related Terms

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

Sokoman Minerals (TSXV:SIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sokoman Minerals Corp (TSXV:SIC) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

SICNF:USA 3PJ1:Germany

Address

82 Richmond Street East, The Canadian Venture Building, Toronto, ON, CAN, M5C 1P1

Website

https://www.sokomanmineralscorp.com

Sokoman Minerals Corp is a discovery-oriented company with projects in the province of Newfoundland and Labrador, Canada. The company's primary focus is its portfolio of gold projects: flagship, advanced-stage Moosehead, Crippleback Lake, and East Alder along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project in north-central Newfoundland that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. The company has also entered into a strategic alliance (the Alliance) with Benton Resources through three large-scale joint-venture properties including Grey River Gold, Golden Hope and Kepenkeck on the island of Newfoundland.