Canter Resources (XCNQ:CRC) Equity-to-Asset : 0.96 (As of Dec. 2023)

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What is Canter Resources Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Canter Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$18.17 Mil. Canter Resources's Total Assets for the quarter that ended in Dec. 2023 was C$18.88 Mil.

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

XCNQ:CRC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.37 Med: 0.9 Max: 0.99
Current: 0.96

During the past 3 years, the highest Equity to Asset Ratio of Canter Resources was 0.99. The lowest was 0.37. And the median was 0.90.

XCNQ:CRC's Equity-to-Asset is ranked better than
82.86% of 2707 companies
in the Metals & Mining industry
Industry Median: 0.8 vs XCNQ:CRC: 0.96

Canter Resources Equity-to-Asset Historical Data

The historical data trend for Canter 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.

Canter Resources Equity-to-Asset Chart

Canter Resources Annual Data

Trend

Jun21

Jun22

Jun23

Equity-to-Asset

0.88

0.84

0.37

Canter Resources Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial								0.90	0.94	0.37	0.95	0.96

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

For the Other Precious Metals & Mining subindustry, Canter 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.

Canter Resources's Equity-to-Asset Distribution in the Metals & Mining Industry

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

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

Canter 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.

Canter Resources'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
	=	0.022	/	0.06
	=

Canter 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
	=	18.166	/	18.877
	=

Canter Resources (XCNQ:CRC) 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%.

Canter Resources Equity-to-Asset Related Terms

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

Canter Resources (XCNQ:CRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canter Resources Corp (XCNQ:CRC) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

CNRCF:USA 6O1:Germany

Address

918-1030 West Georgia Street, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.canterresources.com

Canter Resources Corp's principal includes the exploration and development of base and precious mineral resources in British Columbia. The company's project includes the Columbus lithium-boron project. Puzzle Lake Gold Project, Santoy-Seabee mine complex in Saskatchewan, Canada and the Beaver Creek Property.

Executives

Joness Lang

Director, Senior Officer