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The historical rank and industry rank for Green Mining Innovation's Equity-to-Asset or its related term are showing as below:
GDMIF's Equity-to-Asset is not ranked *
in the Metals & Mining industry.
Industry Median: 0.79 * Ranked among companies with meaningful Equity-to-Asset only.
Green Mining Innovation (OTCPK:GDMIF) 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%.
Green Mining Innovation Equity-to-Asset Related Terms
Green Mining Innovation Equity-to-Asset Historical Data
* 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.
Green Mining Innovation Equity-to-Asset Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Green Mining Innovation'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.
Green Mining Innovation Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Green Mining Innovation's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Green Mining Innovation's Equity-to-Asset falls into.
Green Mining Innovation 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.
Green Mining Innovation's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 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.
Green Mining Innovation (GDMIF) has a Equity-to-Asset of 0.70 as of Sep. 2024. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Green Mining Innovation and its competitors.
Is Green Mining Innovation's Equity-to-Asset too high?
Green Mining Innovation's current Equity-to-Asset is 0.70. The Metals & Mining industry median Equity-to-Asset is 0.79. Green Mining Innovation's value of 0.70 is 11.4% below this industry median.
How does Green Mining Innovation's Equity-to-Asset compare to competitors?
Green Mining Innovation's Equity-to-Asset of 0.70 can be compared against companies in the Metals & Mining industry. The industry median Equity-to-Asset is 0.79. Green Mining Innovation's value of 0.70 is 11.4% 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 0.79, based on 2,669 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. Green Mining Innovation's current Equity-to-Asset of 0.70 is 11.4% 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 Green Mining Innovation and its competitors. For the Metals & Mining industry, the median Equity-to-Asset is 0.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Green Mining Innovation's current Equity-to-Asset is 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Green Mining Innovation stock overvalued right now?
Green Mining Innovation (GDMIF) has a current Equity-to-Asset of 0.70. The current Equity-to-Asset is 0.70 and 11.4% below the Metals & Mining industry median of 0.79. 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 Green Mining Innovation (GDMIF), the current Equity-to-Asset is 0.70 as of Sep. 2024. 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.
Green Mining Innovation Inc is a mining exploration company dedicated to mineral exploration in Canada with a genuine concern for environmental protection. It focuses mainly on developing deposits that contain gold and technology metals in mining jurisdictions in Canada. The company holds an interest in five exploration properties which include Anctil, Nemenjiche, Fortune, and Panache North properties located in the province of Quebec, and the Prince property located in the province of Newfoundland.
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