Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Eastern Platinum's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$114.3 Mil. Eastern Platinum's Total Assets for the quarter that ended in Mar. 2024 was C$212.3 Mil.
Therefore, Eastern Platinum's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.54.
The historical rank and industry rank for Eastern Platinum's Equity-to-Asset or its related term are showing as below:
TSX:ELR'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.46 Med: 0.86 Max: 1.23
Current: 0.54
During the past 13 years, the highest Equity to Asset Ratio of Eastern Platinum was 1.23. The lowest was 0.46. And the median was 0.86.
TSX:ELR's Equity-to-Asset is ranked worse than 69.28% of 2715
companies
in the Metals & Mining industry
Industry Median: 0.79
vs TSX:ELR: 0.54
Eastern Platinum Equity-to-Asset Historical Data
The historical data trend for Eastern Platinum'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.
Competitive Comparison of Eastern Platinum's Equity-to-Asset
For the Other Precious Metals & Mining subindustry, Eastern Platinum'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.
Eastern Platinum's Equity-to-Asset Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Eastern Platinum's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Eastern Platinum's Equity-to-Asset falls into.
Eastern Platinum 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.
Eastern Platinum's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 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.
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%.
Eastern Platinum Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Eastern Platinum's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Eastern Platinum Ltd owns, directly and indirectly, a number of PGM and chrome assets in the Republic of South Africa. All of the company's properties are situated on the western and eastern limbs of the Bushveld Complex, the geological environment that hosts approximately 80% of the world's PGM-bearing ore. It has three segments CRM, Eastern Limb and Corporate. Operations at the Crocodile River Mine include re-mining and processing its tailings resource, with an offtake of the chrome concentrate to Union Goal from the Zandfontein UG2 tailings facility and the processing and extraction of platinum group metals.
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