The historical rank and industry rank for Greencastle Resources's Equity-to-Asset or its related term are showing as below:
TSXV:VGN'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.85 Med: 0.97 Max: 1.03
Current: 0.99
During the past 13 years, the highest Equity to Asset Ratio of Greencastle Resources was 1.03. The lowest was 0.85. And the median was 0.97.
TSXV:VGN's Equity-to-Asset is ranked better than 98.9% of 1093
companies
in the Oil & Gas industry
Industry Median: 0.51
vs TSXV:VGN: 0.99
Greencastle Resources Equity-to-Asset Historical Data
The historical data trend for Greencastle 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.
Competitive Comparison of Greencastle Resources's Equity-to-Asset
For the Oil & Gas E&P subindustry, Greencastle 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.
Greencastle Resources's Equity-to-Asset Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Greencastle Resources's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Greencastle Resources's Equity-to-Asset falls into.
Greencastle 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.
Greencastle Resources'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%.
Greencastle Resources Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Greencastle Resources's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Greencastle Resources (TSXV:VGN) Business Description
Greencastle Resources Ltd is a diversified company with interests in gold and base metals exploration and oil and gas exploration and royalties, as well as in strategic investments in other companies that are traded on the North American exchanges. The Company's reportable segments are; investments in private and public companies, oil and gas interests, and mining interests. The Company's investment segment comprises its investment in marketable securities and investment in private and public companies. The oil and gas segment is comprised of its oil and gas interests, and The mining segment is comprised of its mining interests in Canada and in the USA.
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