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Gold Digger Resources (XCNQ:GDIG) Equity-to-Asset : 0.97 (As of Dec. 2023)


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What is Gold Digger Resources Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Gold Digger Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$0.37 Mil. Gold Digger Resources's Total Assets for the quarter that ended in Dec. 2023 was C$0.38 Mil.

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

XCNQ:GDIG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.96   Med: 0.96   Max: 0.97
Current: 0.97

During the past 3 years, the highest Equity to Asset Ratio of Gold Digger Resources was 0.97. The lowest was 0.96. And the median was 0.96.

XCNQ:GDIG's Equity-to-Asset is ranked better than
87.86% of 2711 companies
in the Metals & Mining industry
Industry Median: 0.8 vs XCNQ:GDIG: 0.97

Gold Digger Resources Equity-to-Asset Historical Data

The historical data trend for Gold Digger 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.

Gold Digger Resources Equity-to-Asset Chart

Gold Digger Resources Annual Data
Trend Dec21 Dec22 Dec23
Equity-to-Asset
0.96 0.96 0.97

Gold Digger Resources Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.96 0.96 0.94 0.98 0.97

Competitive Comparison of Gold Digger Resources's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Gold Digger 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.


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

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

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



Gold Digger 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.

Gold Digger Resources's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )=Total Stockholders Equity/Total Assets
=0.368/0.378
=

Gold Digger 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
=0.368/0.378
=

* 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.


Gold Digger Resources  (XCNQ:GDIG) 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%.


Gold Digger Resources Equity-to-Asset Related Terms

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


Gold Digger Resources (XCNQ:GDIG) Business Description

Traded in Other Exchanges
Address
595 Howe Street, 10th Floor, Vancouver, BC, CAN, V6C 2T5
Gold Digger Resources Inc is a mineral resource exploration and exploitation company with a concentration in battery and precious metals. The company's material property is the Regnault Project, consisting of approximately 71 contiguous mineral claims covering an area of approximately 23,678 Ha located north-northeast of Chibougamau in the Province of Quebec.
Executives
Blair Lawrence Naughty 10% Security Holder

Gold Digger Resources (XCNQ:GDIG) Headlines

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