Magna Gold (Magna Gold) Equity-to-Asset : 0.03 (As of Sep. 2022)

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What is Magna Gold Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Magna Gold's Total Stockholders Equity for the quarter that ended in Sep. 2022 was $1.98 Mil. Magna Gold's Total Assets for the quarter that ended in Sep. 2022 was $77.52 Mil. Therefore, Magna Gold's Equity to Asset Ratio for the quarter that ended in Sep. 2022 was 0.03.

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

MGLQF'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.

Magna Gold Equity-to-Asset Historical Data

The historical data trend for Magna 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.

Magna Gold Equity-to-Asset Chart

Magna Gold Annual Data

Trend

Mar18

Mar19

Mar20

Dec21

Equity-to-Asset

0.98

0.95

0.28

Magna Gold Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Equity-to-Asset	Get a 7-Day Free Trial														0.25	0.28	0.22	0.13	0.03

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

For the Gold subindustry, Magna 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.

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

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

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

Magna 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.

Magna Gold's Equity to Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Equity to Asset (A: Dec. 2021 )	=	Total Stockholders Equity	/	Total Assets
	=	22.959	/	83.141
	=	0.28

Magna Gold's Equity to Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

Equity to Asset (Q: Sep. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	1.981	/	77.522
	=	0.03

Magna Gold (OTCPK:MGLQF) 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%.

Magna Gold Equity-to-Asset Related Terms

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Magna Gold (Magna Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magna Gold Corp (OTCPK:MGLQF) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 King Street East, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.magnagoldcorp.com

Magna Gold Corp is a Canadian gold company engaged in operations, development, exploration, and acquisition in Mexico. Its primary asset is the San Francisco Gold Mine in Sonora, Mexico, and exploration stage projects include San Judas, La Pima, Mercedes, and others. The majority of its revenue comes from sales of Gold.