Stearman Resources (XCNQ:STMN) Equity-to-Asset : 0.93 (As of Feb. 2024)

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What is Stearman Resources Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Stearman Resources's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$0.34 Mil. Stearman Resources's Total Assets for the quarter that ended in Feb. 2024 was C$0.37 Mil.

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

XCNQ:STMN' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.82 Med: 0.94 Max: 0.99
Current: 0.93

During the past 2 years, the highest Equity to Asset Ratio of Stearman Resources was 0.99. The lowest was 0.82. And the median was 0.94.

XCNQ:STMN's Equity-to-Asset is ranked better than
72.24% of 2709 companies
in the Metals & Mining industry
Industry Median: 0.8 vs XCNQ:STMN: 0.93

Stearman Resources Equity-to-Asset Historical Data

The historical data trend for Stearman 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.

Stearman Resources Equity-to-Asset Chart

Stearman Resources Annual Data

Trend

Aug22

Aug23

Equity-to-Asset

0.98

0.94

Stearman Resources Quarterly Data
	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Equity-to-Asset	Get a 7-Day Free Trial			0.82	0.99	0.94	0.94	0.93

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

For the Other Industrial Metals & Mining subindustry, Stearman 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.

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

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

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

Stearman 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.

Stearman Resources's Equity to Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

Equity to Asset (A: Aug. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	0.381	/	0.406
	=

Stearman Resources's Equity to Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

Equity to Asset (Q: Feb. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	0.34	/	0.365
	=

Stearman Resources (XCNQ:STMN) 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%.

Stearman Resources Equity-to-Asset Related Terms

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

Stearman Resources (XCNQ:STMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Stearman Resources Inc (XCNQ:STMN) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

422 Richards Street, Suite 170, Vancouver, BC, CAN, V6B 2Z4

Website

Stearman Resources Inc is engaged in the business of the acquisition, exploration, and development of mineral resource properties. The company's sole mineral property interest is the Miniac Option on the Miniac Property located in the northern Abitbi region of Quebec.

Executives

Steve Mathiesen

Director

Stearman Resources (XCNQ:STMN) Headlines

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