ELDCF (Electrum Discovery) Equity-to-Asset : -1.48 (As of Dec. 2023)

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What is Electrum Discovery Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Electrum Discovery's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-0.37 Mil. Electrum Discovery's Total Assets for the quarter that ended in Dec. 2023 was $0.25 Mil.

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

ELDCF' s Equity-to-Asset Range Over the Past 10 Years
Min: -1.48 Med: -1.02 Max: -0.56
Current: -1.48

During the past 2 years, the highest Equity to Asset Ratio of Electrum Discovery was -0.56. The lowest was -1.48. And the median was -1.02.

ELDCF's Equity-to-Asset is ranked worse than
93.22% of 2712 companies
in the Metals & Mining industry
Industry Median: 0.79 vs ELDCF: -1.48

Electrum Discovery Equity-to-Asset Historical Data

The historical data trend for Electrum Discovery'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.

Electrum Discovery Equity-to-Asset Chart

Electrum Discovery Annual Data

Trend

Dec22

Dec23

Equity-to-Asset

-0.56

-1.48

Electrum Discovery Semi-Annual Data
	Dec22	Dec23
Equity-to-Asset	-0.56	-1.48

Competitive Comparison of Electrum Discovery's Equity-to-Asset

For the Other Precious Metals & Mining subindustry, Electrum Discovery'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.

Electrum Discovery's Equity-to-Asset Distribution in the Metals & Mining Industry

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

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

Electrum Discovery 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.

Electrum Discovery'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
	=	-0.374	/	0.253
	=

Electrum Discovery's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-0.374	/	0.253
	=

Electrum Discovery (GREY:ELDCF) 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%.

Electrum Discovery Equity-to-Asset Related Terms

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

Electrum Discovery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Electrum Discovery Corp (GREY:ELDCF) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

R8N:Germany ELY:Canada

Address

Website

Electrum Discovery Corp is an Canadian-based mineral exploration and development company focused on the Western Tethyan Belt with activities in the Republic of Serbia. The current focus of the company is its copper-gold Timok East Project.

Electrum Discovery Headlines

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