Borealis Mining Co (TSXV:BOGO) Equity-to-Asset : -0.88 (As of Oct. 2024)

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What is Borealis Mining Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Borealis Mining Co's Total Stockholders Equity for the quarter that ended in Oct. 2024 was C$-7.13 Mil. Borealis Mining Co's Total Assets for the quarter that ended in Oct. 2024 was C$8.14 Mil. Therefore, Borealis Mining Co's Equity to Asset Ratio for the quarter that ended in Oct. 2024 was -0.88.

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

TSXV:BOGO' s Equity-to-Asset Range Over the Past 10 Years
Min: -6.83 Med: -0.71 Max: -0.27
Current: -0.88

During the past 2 years, the highest Equity to Asset Ratio of Borealis Mining Co was -0.27. The lowest was -6.83. And the median was -0.71.

TSXV:BOGO's Equity-to-Asset is ranked worse than
91.15% of 2667 companies
in the Metals & Mining industry
Industry Median: 0.78 vs TSXV:BOGO: -0.88

Borealis Mining Co Equity-to-Asset Historical Data

The historical data trend for Borealis Mining Co'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.

Borealis Mining Co Equity-to-Asset Chart

Borealis Mining Co Annual Data

Trend

Jul23

Jul24

Equity-to-Asset

-6.83

-0.54

Borealis Mining Co Quarterly Data
	Apr23	Jul23	Oct23	Apr24	Jul24	Oct24
Equity-to-Asset	Get a 7-Day Free Trial			-6.83	-	-0.27	-0.54	-0.88

Competitive Comparison of Borealis Mining Co's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Borealis Mining Co'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.

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

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

* The bar in red indicates where Borealis Mining Co's Equity-to-Asset falls into.

Borealis Mining Co 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.

Borealis Mining Co's Equity to Asset Ratio for the fiscal year that ended in Jul. 2024 is calculated as

Equity to Asset (A: Jul. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	-5.44	/	10.113
	=	-0.54

Borealis Mining Co's Equity to Asset Ratio for the quarter that ended in Oct. 2024 is calculated as

Equity to Asset (Q: Oct. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	-7.125	/	8.136
	=	-0.88

Borealis Mining Co (TSXV:BOGO) 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%.

Borealis Mining Co Equity-to-Asset Related Terms

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

Borealis Mining Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Borealis Mining Co Ltd (TSXV:BOGO) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

L4B0:Germany

Address

410 West Georgia Street, 5th Floor, Vancouver, BC, CAN, V6B 1Z3

Website

https://www.borealismining.com

Borealis Mining Co Ltd is an exploration and development stage mining company engaged in the business of acquiring and exploring mineral properties. The company's principal project is the Borealis Project which is a fully permitted silver-gold mine, absorption, desorption, and refining plant, located near Hawthorne, Nevada.

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