Sail Mining Group (JSE:SGP) Equity-to-Asset: -0.12 (As of Aug. 2021)

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What is Sail Mining Group Equity-to-Asset?

Sail Mining Group JSE:SGP Equity-to-Asset is -0.12 as of Aug. 2021.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Sail Mining Group's Total Stockholders Equity for the quarter that ended in Aug. 2021 was R-15 Mil. Sail Mining Group's Total Assets for the quarter that ended in Aug. 2021 was R1,203 Mil. Therefore, Sail Mining Group's Equity to Asset Ratio for the quarter that ended in Aug. 2021 was -0.12.

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

JSE:SGP'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.

Sail Mining Group  (JSE:SGP) 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%.

Sail Mining Group Equity-to-Asset Related Terms

Sail Mining Group Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for Sail Mining Group'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.

Sail Mining Group Equity-to-Asset Chart

Sail Mining Group Annual Data
Trend Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.75 0.35 0.37 0.24 0.12

Sail Mining Group Semi-Annual Data
Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21
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 0.32 0.24 0.18 0.12 -0.12

JSE:SGP vs BHPBF: Equity-to-Asset Comparison

For the Other Industrial Metals & Mining subindustry, Sail Mining Group'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.

Sail Mining Group Equity-to-Asset vs Metals & Mining Industry

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

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


Sail Mining Group 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.

Sail Mining Group's Equity to Asset Ratio for the fiscal year that ended in Feb. 2021 is calculated as

Equity to Asset (A: Feb. 2021 )=Total Stockholders Equity/Total Assets
=160.765/1601.418
=0.10

Sail Mining Group's Equity to Asset Ratio for the quarter that ended in Aug. 2021 is calculated as

Equity to Asset (Q: Aug. 2021 )=Total Stockholders Equity/Total Assets
=-15.429/1203.237
=-0.01

* 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 -0.12 mean?
Sail Mining Group (JSE:SGP) has a Equity-to-Asset of -0.12 as of Aug. 2021. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Sail Mining Group and its competitors.
Is Sail Mining Group's Equity-to-Asset too high?
Sail Mining Group's current Equity-to-Asset is -0.12.
How does Sail Mining Group's Equity-to-Asset compare to BHPBF?
Sail Mining Group's Equity-to-Asset of -0.12 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 2,677 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 Sail Mining Group 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. Sail Mining Group's current Equity-to-Asset is -0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sail Mining Group stock overvalued right now?
Sail Mining Group (JSE:SGP) has a current Equity-to-Asset of -0.12. The current Equity-to-Asset is -0.12. 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 Sail Mining Group (JSE:SGP), the current Equity-to-Asset is -0.12 as of Aug. 2021. 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.

Sail Mining Group Business Description

Address 4 Peltier Drive, Unit 25 Sunninghill Office Park, Johannesburg, GT, ZAF, 2054
Sail Mining Group Ltd Formerly Chrometco Ltd is a mineral exploration company. It has chrome and mining operations in the North-West Province of South Africa. In addition, Chrometco focuses on the investigation of other chrome and base metal properties for exploration purposes and on researching and investigating business development opportunities. The group holds interest in mining, concentrating and beneficiating various metals and their ores, in particular chrome, platinum, copper, cobalt, nickel and manganese.