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The historical rank and industry rank for Sable Exploration And Mining's Equity-to-Asset or its related term are showing as below:
JSE:SXM's Equity-to-Asset is not ranked *
in the Metals & Mining industry.
Industry Median: 0.81 * Ranked among companies with meaningful Equity-to-Asset only.
Sable Exploration And Mining (JSE:SXM) 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%.
Sable Exploration And Mining Equity-to-Asset Related Terms
Sable Exploration And Mining 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.
Sable Exploration And Mining Equity-to-Asset Chart
For the Other Precious Metals & Mining subindustry, Sable Exploration And Mining'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.
Sable Exploration And Mining Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Sable Exploration And Mining's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Sable Exploration And Mining's Equity-to-Asset falls into.
Sable Exploration And Mining 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.
Sable Exploration And Mining's Equity to Asset Ratio for the fiscal year that ended in Feb. 2024 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.
Sable Exploration And Mining (JSE:SXM) has a Equity-to-Asset of 0.09 as of Aug. 2024. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Sable Exploration And Mining and its competitors.
Is Sable Exploration And Mining's Equity-to-Asset too high?
Sable Exploration And Mining's current Equity-to-Asset is 0.09. The Metals & Mining industry median Equity-to-Asset is 0.81. Sable Exploration And Mining's value of 0.09 is 88.9% below this industry median.
How does Sable Exploration And Mining's Equity-to-Asset compare to HL?
Sable Exploration And Mining's Equity-to-Asset of 0.09 can be compared against companies in the Metals & Mining industry. The industry median Equity-to-Asset is 0.81. Sable Exploration And Mining's value of 0.09 is 88.9% 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 0.81, based on 2,675 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. Sable Exploration And Mining's current Equity-to-Asset of 0.09 is 88.9% 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 Sable Exploration And Mining and its competitors. For the Metals & Mining industry, the median Equity-to-Asset is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sable Exploration And Mining's current Equity-to-Asset is 0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sable Exploration And Mining stock overvalued right now?
Sable Exploration And Mining (JSE:SXM) has a current Equity-to-Asset of 0.09. The current Equity-to-Asset is 0.09 and 88.9% below the Metals & Mining industry median of 0.81. 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 Sable Exploration And Mining (JSE:SXM), the current Equity-to-Asset is 0.09 as of Aug. 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.
Sable Exploration And Mining Ltd is an investment and management company with trading subsidiaries engaged in the exploration, prospecting, development and mining of mineral resources.
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