Totec Resources (TSXV:TOTC.P) Equity-to-Asset : 0.96 (As of Dec. 2023)

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What is Totec Resources Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Totec Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$0.24 Mil. Totec Resources's Total Assets for the quarter that ended in Dec. 2023 was C$0.25 Mil.

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

TSXV:TOTC.P' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.82 Med: 0.91 Max: 0.98
Current: 0.96

During the past 2 years, the highest Equity to Asset Ratio of Totec Resources was 0.98. The lowest was 0.82. And the median was 0.91.

TSXV:TOTC.P's Equity-to-Asset is ranked better than
84.84% of 620 companies
in the Diversified Financial Services industry
Industry Median: 0.81 vs TSXV:TOTC.P: 0.96

Totec Resources Equity-to-Asset Historical Data

The historical data trend for Totec Resources'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.

Totec Resources Equity-to-Asset Chart

Totec Resources Annual Data

Trend

Mar22

Mar23

Equity-to-Asset

0.87

0.82

Totec Resources Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.92	0.82	0.90	0.98	0.96

Competitive Comparison of Totec Resources's Equity-to-Asset

For the Shell Companies subindustry, Totec Resources'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.

Totec Resources's Equity-to-Asset Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Totec Resources's Equity-to-Asset distribution charts can be found below:

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

Totec Resources 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.

Totec Resources's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	0.293	/	0.359
	=

Totec Resources'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
	=	0.235	/	0.245
	=

Totec Resources (TSXV:TOTC.P) 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%.

Totec Resources Equity-to-Asset Related Terms

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

Totec Resources (TSXV:TOTC.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Totec Resources Ltd (TSXV:TOTC.P) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1575 Kamloops Street, Vancouver, BC, CAN, V5K 3W1

Website

Totec Resources Ltd is a capital pool company.

Totec Resources (TSXV:TOTC.P) Headlines

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