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Thomson ResourcesASX:TMZO Equity-to-Asset is 0.50 as of Dec. 2023, which is 47% below its 10-year median of 0.94. The stock has 4 warning signs investors should review.
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%.
Thomson Resources Equity-to-Asset Related Terms
Thomson Resources Equity-to-Asset Historical Data
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The historical data trend for Thomson 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.
For the Other Industrial Metals & Mining subindustry, Thomson 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.
Thomson Resources Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Thomson Resources's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Thomson Resources's Equity-to-Asset falls into.
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.
Thomson Resources's Equity to Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as
* 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.
Thomson Resources (ASX:TMZO) has a Equity-to-Asset of 0.50 as of Dec. 2023. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Thomson Resources and its competitors. This is 47% below median its historical median of 0.94. Over the past decade, Thomson Resources' Equity-to-Asset has ranged from 0.50 to 0.96.
Is Thomson Resources' Equity-to-Asset too high?
Thomson Resources' current Equity-to-Asset of 0.50 is 47% below median its 10-year median of 0.94. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 0.96. The Metals & Mining industry median Equity-to-Asset is 0.80. Thomson Resources' value of 0.50 is 37.5% below this industry median.
How does Thomson Resources' Equity-to-Asset compare to BHPBF?
Thomson Resources' Equity-to-Asset of 0.50 can be compared against companies in the Metals & Mining industry. The industry median Equity-to-Asset is 0.80. Thomson Resources' value of 0.50 is 37.5% below this benchmark. Historically, Thomson Resources' own Equity-to-Asset has ranged from 0.50 to 0.96 over the past decade. While the company's 10-year median is 0.94 vs. the industry median of 0.80, Thomson Resources has consistently been below the industry average. 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 2,672 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. Thomson Resources's current Equity-to-Asset of 0.50 is 37.5% 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 Thomson Resources 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. Thomson Resources's current Equity-to-Asset is 0.50, which is 47% below median its own 10-year median of 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thomson Resources stock overvalued right now?
Thomson Resources (ASX:TMZO) has a current Equity-to-Asset of 0.50. The current Equity-to-Asset is 0.50, which is 47% below median its 10-year median of 0.94 and 37.5% 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 Thomson Resources (ASX:TMZO), the current Equity-to-Asset is 0.50 as of Dec. 2023. 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.
Silver Metal Group Ltd, formerly Thomson Resources Ltd is an Australian-based exploration company, which is focused on the discovery and development of mineral deposits within the New England Fold Belt of Northern NSW. The company explores gold, silver, tin, copper, and base metals. The company focuses on the Texas Silver Project, Mt Carrington Silver & Gold Project, Conrad Silver Project, Webbs Silver Project, Harry Smith Gold Project, Yalgogrin Gold Project, Bygoo Tin Project, Chillagoe Gold Project, and Other Projects.
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