MLPNF (Millennial Potash) Equity-to-Asset : 0.81 (As of Nov. 2024)

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What is Millennial Potash Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Millennial Potash's Total Stockholders Equity for the quarter that ended in Nov. 2024 was $8.66 Mil. Millennial Potash's Total Assets for the quarter that ended in Nov. 2024 was $10.63 Mil.

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

MLPNF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.04 Med: 0.93 Max: 1
Current: 0.81

During the past 6 years, the highest Equity to Asset Ratio of Millennial Potash was 1.00. The lowest was 0.04. And the median was 0.93.

MLPNF's Equity-to-Asset is ranked better than
53.45% of 2668 companies
in the Metals & Mining industry
Industry Median: 0.78 vs MLPNF: 0.81

Millennial Potash Equity-to-Asset Historical Data

The historical data trend for Millennial Potash'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.

Millennial Potash Equity-to-Asset Chart

Millennial Potash Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Equity-to-Asset

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0.04

0.98

0.96

0.93

0.77

Millennial Potash Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Equity-to-Asset	Get a 7-Day Free Trial															0.94	0.91	0.60	0.77	0.81

Competitive Comparison of Millennial Potash's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Millennial Potash'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.

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

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

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

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Millennial Potash 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.

Millennial Potash's Equity to Asset Ratio for the fiscal year that ended in Aug. 2024 is calculated as

Equity to Asset (A: Aug. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	6.947	/	8.983
	=

Millennial Potash's Equity to Asset Ratio for the quarter that ended in Nov. 2024 is calculated as

Equity to Asset (Q: Nov. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	8.655	/	10.628
	=

Millennial Potash (OTCPK:MLPNF) 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%.

Millennial Potash Equity-to-Asset Related Terms

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

Millennial Potash Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Millennial Potash Corp (OTCPK:MLPNF) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

X0D:Germany MLP:Canada

Address

300-1455 Bellevue Avenue, West Vancouver, Vancouver, BC, CAN, V7T 1C3

Website

https://www.millennialpotash.com

Millennial Potash Corp is a Canadian resource company focused on the exploration and development of potash deposits. The company's flagship asset is the Banio Potash Project located along the coast of Gabon, West Africa, which has the potential to have all the right characteristics to become a producer of potash.