The historical rank and industry rank for Wolverine Resources's Equity-to-Asset or its related term are showing as below:
WOLV'
s Equity-to-Asset Range Over the Past 10 Years
Min: -169.5 Med: -23.11 Max: -0.31
Current: -2.68
During the past 13 years, the highest Equity to Asset Ratio of Wolverine Resources was -0.31. The lowest was -169.50. And the median was -23.11.
WOLV's Equity-to-Asset is ranked worse than 94.94% of 2710
companies
in the Metals & Mining industry
Industry Median: 0.8
vs WOLV: -2.68
Wolverine Resources Equity-to-Asset Historical Data
The historical data trend for Wolverine 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 Wolverine Resources's Equity-to-Asset
For the Other Industrial Metals & Mining subindustry, Wolverine 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.
Wolverine Resources's Equity-to-Asset Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Wolverine Resources's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Wolverine Resources's Equity-to-Asset falls into.
Wolverine 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.
Wolverine Resources's Equity to Asset Ratio for the fiscal year that ended in May. 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%.
Wolverine Resources Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Wolverine Resources's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Wolverine Resources (Wolverine Resources) Business Description
Wolverine Resources Corp is an exploration stage mining company engaged in the business of identification, acquisition, and exploration of metals and minerals with a focus on base and precious metals. Its projects include Labrador property located in Canada, which is also known as Cache river property, and Frog property.
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