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GNSMF (Morocco Strategic Minerals) Equity-to-Asset : 0.93 (As of Oct. 2024)


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What is Morocco Strategic Minerals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Morocco Strategic Minerals's Total Stockholders Equity for the quarter that ended in Oct. 2024 was $4.54 Mil. Morocco Strategic Minerals's Total Assets for the quarter that ended in Oct. 2024 was $4.90 Mil.

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

GNSMF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.64   Med: 0.88   Max: 0.99
Current: 0.93

During the past 7 years, the highest Equity to Asset Ratio of Morocco Strategic Minerals was 0.99. The lowest was 0.64. And the median was 0.88.

GNSMF's Equity-to-Asset is ranked better than
74.14% of 2664 companies
in the Metals & Mining industry
Industry Median: 0.78 vs GNSMF: 0.93

Morocco Strategic Minerals Equity-to-Asset Historical Data

The historical data trend for Morocco Strategic Minerals'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.

Morocco Strategic Minerals Equity-to-Asset Chart

Morocco Strategic Minerals Annual Data
Trend Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Equity-to-Asset
Get a 7-Day Free Trial 0.78 0.78 0.97 0.89 0.92

Morocco Strategic Minerals Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.90 0.94 0.93 0.92 0.93

Competitive Comparison of Morocco Strategic Minerals's Equity-to-Asset

For the Gold subindustry, Morocco Strategic Minerals'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.


Morocco Strategic Minerals's Equity-to-Asset Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Morocco Strategic Minerals's Equity-to-Asset falls into.



Morocco Strategic Minerals 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.

Morocco Strategic Minerals's Equity to Asset Ratio for the fiscal year that ended in Jul. 2024 is calculated as

Equity to Asset (A: Jul. 2024 )=Total Stockholders Equity/Total Assets
=4.252/4.603
=

Morocco Strategic Minerals's Equity to Asset Ratio for the quarter that ended in Oct. 2024 is calculated as

Equity to Asset (Q: Oct. 2024 )=Total Stockholders Equity/Total Assets
=4.537/4.895
=

* 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.


Morocco Strategic Minerals  (OTCPK:GNSMF) 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%.


Morocco Strategic Minerals Equity-to-Asset Related Terms

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


Morocco Strategic Minerals Business Description

Traded in Other Exchanges
Address
68 Av. de la Gare, Suite 205, Saint-Sauveur, Montreal, QC, CAN, J0R 1R0
Morocco Strategic Minerals Corp, formerly Genius Metals Inc is engaged in the acquisition and exploration of gold and other mineral properties. The company operates through various projects including Sakami; Iserhoff; Meaghers; Nova Scotia; Dissimieux; and others. The company generates more revenue from gold projects.

Morocco Strategic Minerals Headlines