Sierra Nevada Gold (ASX:SNX) Equity-to-Asset : 0.97 (As of Jun. 2023)

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What is Sierra Nevada Gold Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Sierra Nevada Gold's Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$22.48 Mil. Sierra Nevada Gold's Total Assets for the quarter that ended in Jun. 2023 was A$23.28 Mil.

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

ASX:SNX' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.94 Med: 0.95 Max: 0.96
Current: 0.96

During the past 2 years, the highest Equity to Asset Ratio of Sierra Nevada Gold was 0.96. The lowest was 0.94. And the median was 0.95.

ASX:SNX's Equity-to-Asset is ranked better than
83.02% of 2715 companies
in the Metals & Mining industry
Industry Median: 0.79 vs ASX:SNX: 0.96

Sierra Nevada Gold Equity-to-Asset Historical Data

The historical data trend for Sierra Nevada 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.

Sierra Nevada Gold Equity-to-Asset Chart

Sierra Nevada Gold Annual Data

Trend

Dec22

Dec23

Equity-to-Asset

0.94

0.96

Sierra Nevada Gold Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	0.98	0.96	0.94	0.97	0.96

Competitive Comparison of Sierra Nevada Gold's Equity-to-Asset

For the Gold subindustry, Sierra Nevada 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.

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

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

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

Sierra Nevada 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.

Sierra Nevada Gold'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
	=	22.348	/	23.321
	=

Sierra Nevada Gold's Equity to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

Equity to Asset (Q: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	22.476	/	23.281
	=

Sierra Nevada Gold (ASX:SNX) 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%.

Sierra Nevada Gold Equity-to-Asset Related Terms

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