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Cornish Metals (LSE:CUSN) Equity-to-Asset : 0.88 (As of Sep. 2024)


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What is Cornish Metals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Cornish Metals's Total Stockholders Equity for the quarter that ended in Sep. 2024 was £54.42 Mil. Cornish Metals's Total Assets for the quarter that ended in Sep. 2024 was £62.04 Mil.

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

LSE:CUSN' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.32   Med: 0.69   Max: 0.94
Current: 0.88

During the past 13 years, the highest Equity to Asset Ratio of Cornish Metals was 0.94. The lowest was 0.32. And the median was 0.69.

LSE:CUSN's Equity-to-Asset is ranked better than
64.04% of 2686 companies
in the Metals & Mining industry
Industry Median: 0.78 vs LSE:CUSN: 0.88

Cornish Metals Equity-to-Asset Historical Data

The historical data trend for Cornish Metals'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.

Cornish Metals Equity-to-Asset Chart

Cornish Metals Annual Data
Trend Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.49 0.49 0.45 0.46 0.57

Cornish Metals Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Mar24 Jun24 Sep24
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 0.88 0.88 0.87 0.86 0.88

Competitive Comparison of Cornish Metals's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Cornish Metals'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.


Cornish Metals's Equity-to-Asset Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Cornish Metals's Equity-to-Asset falls into.



Cornish Metals 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.

Cornish Metals's Equity to Asset Ratio for the fiscal year that ended in Jan. 2022 is calculated as

Equity to Asset (A: Jan. 2022 )=Total Stockholders Equity/Total Assets
=12.11/21.1
=

Cornish Metals's Equity to Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

Equity to Asset (Q: Sep. 2024 )=Total Stockholders Equity/Total Assets
=54.418/62.038
=

* 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.


Cornish Metals  (LSE:CUSN) 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%.


Cornish Metals Equity-to-Asset Related Terms

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


Cornish Metals Business Description

Traded in Other Exchanges
Address
789 West Pender Street, Suite 960, Vancouver, BC, CAN, V6C 1H2
Cornish Metals Inc is building a portfolio of strategic metals assets in North America and the United Kingdom, and its flagship project is the past-producing South Crofty underground tin mine in Cornwall, UK. South Crofty is arguably the important historical tin mine in the UK and hosts the highest grade tin resources world wide. The project has the potential to be a high-grade tin producer in Europe.

Cornish Metals Headlines

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