GRMC (Goldrich Mining Co) Equity-to-Asset: -17.66 (As of Sep. 2023)

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What is Goldrich Mining Co Equity-to-Asset?

Goldrich Mining Co GRMC Equity-to-Asset is -17.66 as of Sep. 2023.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Goldrich Mining Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-12.16 Mil. Goldrich Mining Co's Total Assets for the quarter that ended in Sep. 2023 was $0.69 Mil.

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

GRMC's Equity-to-Asset is not ranked *
in the Metals & Mining industry.
Industry Median: 0.8
* Ranked among companies with meaningful Equity-to-Asset only.

Goldrich Mining Co  (OTCPK:GRMC) 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%.


Goldrich Mining Co Equity-to-Asset Related Terms


Goldrich Mining Co Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for Goldrich Mining Co'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.

Goldrich Mining Co Equity-to-Asset Chart

Goldrich Mining Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.46 -10.15 -12.62 -13.49 -14.72

Goldrich Mining Co Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 -16.25 -14.72 -15.87 -17.00 -17.66

GRMC vs PGOL, MAGE, IMII: Equity-to-Asset Comparison

For the Gold subindustry, Goldrich Mining Co'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.


Goldrich Mining Co Equity-to-Asset vs Metals & Mining Industry

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

* The bar in red indicates where Goldrich Mining Co's Equity-to-Asset falls into.



Goldrich Mining Co 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.

Goldrich Mining Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )=Total Stockholders Equity/Total Assets
=-11.214/0.762
=

Goldrich Mining Co's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )=Total Stockholders Equity/Total Assets
=-12.164/0.689
=

* 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.

Frequently Asked Questions Learn more about Equity-to-Asset →
What does a Equity-to-Asset of -17.66 mean?
Goldrich Mining Co (GRMC) has a Equity-to-Asset of -17.66 as of Sep. 2023. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Goldrich Mining Co and its competitors.
Is Goldrich Mining Co's Equity-to-Asset too high?
Goldrich Mining Co's current Equity-to-Asset is -17.66.
How does Goldrich Mining Co's Equity-to-Asset compare to PGOL and MAGE?
Goldrich Mining Co's Equity-to-Asset of -17.66 can be compared against companies in the Metals & Mining industry. The industry median Equity-to-Asset is 0.80. 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 2,673 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. 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 Goldrich Mining Co 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. Goldrich Mining Co's current Equity-to-Asset is -17.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goldrich Mining Co stock overvalued right now?
Goldrich Mining Co (GRMC) has a current Equity-to-Asset of -17.66. The current Equity-to-Asset is -17.66. 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 Goldrich Mining Co (GRMC), the current Equity-to-Asset is -17.66 as of Sep. 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.

Goldrich Mining Co Business Description

Address 2525 East 29th Avenue, Suite 10B-160, Spokane, WA, USA, 99223-4942
Goldrich Mining Co is a gold exploration and development company, which is engaged in the acquisition and exploration of mineral properties. The group explores gold and focuses on Chandalar property covering approximately 22,858 acres located to the north of Fairbanks, Alaska. The Chandalar is located in north-central Alaska, which is considered a tier-one jurisdiction world wide and host to multiple world-class gold mines and deposits, including the Fort Knox mine, Donlin Creek deposit, and Pebble deposit. Goldrich geographically operates through the region of Alaska, U.S, and derives the majority of its revenue from the sale of gold.