Orinoco Gold (ASX:OGX) Equity-to-Asset: 0.16 (As of Jun. 2018)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Orinoco Gold Equity-to-Asset?

Orinoco Gold ASX:OGX Equity-to-Asset is 0.16 as of Jun. 2018. The stock has 3 warning signs investors should review.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Orinoco Gold's Total Stockholders Equity for the quarter that ended in Jun. 2018 was A$3.32 Mil. Orinoco Gold's Total Assets for the quarter that ended in Jun. 2018 was A$21.30 Mil.

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

ASX:OGX'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.

Orinoco Gold  (ASX:OGX) 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%.


Orinoco Gold Equity-to-Asset Related Terms


Orinoco Gold Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for Orinoco 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.

Orinoco Gold Equity-to-Asset Chart

Orinoco Gold Annual Data
Trend Jun12 Jun13 Dec15 Dec16 Dec17 Dec18
Equity-to-Asset
Get a 7-Day Free Trial 0.97 0.46 0.48 0.33 -3.80

Orinoco Gold Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18
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 0.48 0.36 0.33 0.16 -3.80

ASX:OGX vs LSMG: Equity-to-Asset Comparison

For the Other Industrial Metals & Mining subindustry, Orinoco 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.


Orinoco Gold Equity-to-Asset vs Metals & Mining Industry

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

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



Orinoco 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.

Orinoco Gold's Equity to Asset Ratio for the fiscal year that ended in Dec. 2018 is calculated as

Equity to Asset (A: Dec. 2018 )=Total Stockholders Equity/Total Assets
=-16.54/4.349
=

Orinoco Gold's Equity to Asset Ratio for the quarter that ended in Jun. 2018 is calculated as

Equity to Asset (Q: Jun. 2018 )=Total Stockholders Equity/Total Assets
=3.324/21.295
=

* 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.

Frequently Asked Questions Learn more about Equity-to-Asset →
What does a Equity-to-Asset of 0.16 mean?
Orinoco Gold (ASX:OGX) has a Equity-to-Asset of 0.16 as of Jun. 2018. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Orinoco Gold and its competitors.
Is Orinoco Gold's Equity-to-Asset too high?
Orinoco Gold's current Equity-to-Asset is 0.16. The Metals & Mining industry median Equity-to-Asset is 0.80. Orinoco Gold's value of 0.16 is 80% below this industry median.
How does Orinoco Gold's Equity-to-Asset compare to LSMG?
Orinoco Gold's Equity-to-Asset of 0.16 can be compared against companies in the Metals & Mining industry. The industry median Equity-to-Asset is 0.80. Orinoco Gold's value of 0.16 is 80% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Metals & Mining company?
The median Equity-to-Asset among Metals & Mining companies is 0.80, based on 2,665 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Orinoco Gold's current Equity-to-Asset of 0.16 is 80% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Orinoco Gold and its competitors. For the Metals & Mining industry, the median Equity-to-Asset is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Orinoco Gold's current Equity-to-Asset is 0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orinoco Gold stock overvalued right now?
Orinoco Gold (ASX:OGX) has a current Equity-to-Asset of 0.16. The current Equity-to-Asset is 0.16 and 80% below the Metals & Mining industry median of 0.80. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Orinoco Gold (ASX:OGX), the current Equity-to-Asset is 0.16 as of Jun. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Orinoco Gold Business Description

Address 9/448 Roberts Road, Subiaco, WA, AUS, 6008
Orinoco Gold Ltd is a Brazilian-focused gold company. It is focussed on mining the Cascavel gold mine as well as unlocking the Faina Goldfields Project (Faina Project) located in the central Brazilian State of Goias. The company's segments include Gold and All Other. The Faina Project consists of a large tenement package of over 50 tenements that encompass the key Cascavel, Sertao and Tinteiro Projects, as well as numerous advanced gold exploration targets including Espanola, Elisio, Antenna, and Xupe.