Norseman Gold (LSE:NGL) Equity-to-Asset : -10.68 (As of Jun. 2014)

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What is Norseman Gold Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Norseman Gold's Total Stockholders Equity for the quarter that ended in Jun. 2014 was £-51.67 Mil. Norseman Gold's Total Assets for the quarter that ended in Jun. 2014 was £4.84 Mil. Therefore, Norseman Gold's Equity to Asset Ratio for the quarter that ended in Jun. 2014 was -10.68.

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

LSE:NGL' s Equity-to-Asset Range Over the Past 10 Years
Min: -10.68 Med: 0.47 Max: 0.67
Current: -10.68

During the past 6 years, the highest Equity to Asset Ratio of Norseman Gold was 0.67. The lowest was -10.68. And the median was 0.47.

LSE:NGL's Equity-to-Asset is not ranked
in the Metals & Mining industry.
Industry Median: 0.79 vs LSE:NGL: -10.68

Norseman Gold Equity-to-Asset Historical Data

The historical data trend for Norseman Gold'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.

Norseman Gold Equity-to-Asset Chart

Norseman Gold Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Equity-to-Asset

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0.63

0.67

0.32

-5.85

-10.68

Norseman Gold Semi-Annual Data
	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14
Equity-to-Asset	Get a 7-Day Free Trial			0.63	0.67	0.32	-5.85	-10.68

Competitive Comparison of Norseman Gold's Equity-to-Asset

For the Gold subindustry, Norseman Gold'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.

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

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

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

Norseman Gold 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.

Norseman Gold's Equity to Asset Ratio for the fiscal year that ended in Jun. 2014 is calculated as

Equity to Asset (A: Jun. 2014 )	=	Total Stockholders Equity	/	Total Assets
	=	-51.673	/	4.838
	=	-10.68

Norseman Gold's Equity to Asset Ratio for the quarter that ended in Jun. 2014 is calculated as

Equity to Asset (Q: Jun. 2014 )	=	Total Stockholders Equity	/	Total Assets
	=	-51.673	/	4.838
	=	-10.68

Norseman Gold (LSE:NGL) 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%.

Norseman Gold Equity-to-Asset Related Terms

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

Norseman Gold (LSE:NGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norseman Gold PLC (LSE:NGL) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.norsemangoldplc.com

Norseman Gold PLC is engaged in the production, exploration, evaluation and development of mineral resources. It is involved in the operation of Central Norseman Gold Corporation Ltd (the Norseman Project). The Norseman Project is located adjacent to the Norseman township, approximately 725 kilometres east of Perth, Western Australia. Current operations source ore from the Bullen underground mine and the Harlequin underground mine using underground mining methods of airleg up dip room and pillar stoping and long-hole stoping.