Nine Mile Metals (Nine Mile Metals) Equity-to-Asset : 0.90 (As of Dec. 2023)

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What is Nine Mile Metals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Nine Mile Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3.95 Mil. Nine Mile Metals's Total Assets for the quarter that ended in Dec. 2023 was $4.37 Mil.

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

VMSXF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.89 Med: 0.97 Max: 1
Current: 0.9

During the past 5 years, the highest Equity to Asset Ratio of Nine Mile Metals was 1.00. The lowest was 0.89. And the median was 0.97.

VMSXF's Equity-to-Asset is ranked better than
65.13% of 2707 companies
in the Metals & Mining industry
Industry Median: 0.8 vs VMSXF: 0.90

Nine Mile Metals Equity-to-Asset Historical Data

The historical data trend for Nine Mile Metals'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.

Nine Mile Metals Equity-to-Asset Chart

Nine Mile Metals Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Equity-to-Asset

0.99

0.89

0.92

1.00

0.97

Nine Mile Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															1.00	0.97	0.93	0.97	0.90

Competitive Comparison of Nine Mile Metals's Equity-to-Asset

For the Gold subindustry, Nine Mile Metals'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.

Nine Mile Metals's Equity-to-Asset Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Nine Mile Metals's Equity-to-Asset falls into.

Nine Mile Metals 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.

Nine Mile Metals's Equity to Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Equity to Asset (A: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	3.531	/	3.658
	=

Nine Mile Metals'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
	=	3.947	/	4.373
	=

Nine Mile Metals (OTCPK:VMSXF) 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%.

Nine Mile Metals Equity-to-Asset Related Terms

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Nine Mile Metals (Nine Mile Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nine Mile Metals Ltd (OTCPK:VMSXF) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

NINE:Canada

Address

350 - 1650 West 2nd Avenue, Vancouver, BC, CAN, V6J 1H4

Website

https://www.ninemilemetals.com

Nine Mile Metals Ltd is a gold exploration company focused on acquiring mineral properties. The principal business of the Company is to acquire, explore, and develop mineral properties and ultimately seek earnings by exploiting mineral claims. The company holds an interest in the Millennium Gold Property, Nine-mile brook, California lake, and Canoe lake. It conducts exploration activities in the United States.