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Andes Gold (Andes Gold) Equity-to-Asset : -0.22 (As of Dec. 2003)


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What is Andes Gold Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Andes Gold's Total Stockholders Equity for the quarter that ended in Dec. 2003 was $-0.87 Mil. Andes Gold's Total Assets for the quarter that ended in Dec. 2003 was $4.04 Mil. Therefore, Andes Gold's Equity to Asset Ratio for the quarter that ended in Dec. 2003 was -0.22.

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

AGCZ's Equity-to-Asset is not ranked *
in the Metals & Mining industry.
Industry Median: 0.8
* Ranked among companies with meaningful Equity-to-Asset only.

Andes Gold Equity-to-Asset Historical Data

The historical data trend for Andes Gold'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.

Andes Gold Equity-to-Asset Chart

Andes Gold Annual Data
Trend Dec94 Dec95 Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.98 0.98 0.11 0.13 -0.22

Andes Gold Quarterly Data
Mar98 Jun98 Sep98 Dec98 Mar00 Jun00 Sep00 Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.13 0.17 0.01 -0.01 -0.22

Competitive Comparison of Andes Gold's Equity-to-Asset

For the Gold subindustry, Andes Gold'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.


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

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

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



Andes Gold 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.

Andes Gold's Equity to Asset Ratio for the fiscal year that ended in Dec. 2003 is calculated as

Equity to Asset (A: Dec. 2003 )=Total Stockholders Equity/Total Assets
=-0.871/4.04
=-0.22

Andes Gold's Equity to Asset Ratio for the quarter that ended in Dec. 2003 is calculated as

Equity to Asset (Q: Dec. 2003 )=Total Stockholders Equity/Total Assets
=-0.871/4.04
=-0.22

* 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.


Andes Gold  (OTCPK:AGCZ) 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%.


Andes Gold Equity-to-Asset Related Terms

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Andes Gold (Andes Gold) Business Description

Traded in Other Exchanges
N/A
Address
1200 N. Federal Highway, Suite 200, Boca Raton, FL, USA, 33432
Andes Gold Corp is the operator of leased properties which it mines for mineral resources, specifically, gold. The company develops and produces gold assets in Ecuador and South America.

Andes Gold (Andes Gold) Headlines