Canada Nickel Co (TSXV:CNC) Equity-to-Asset : 0.80 (As of Jan. 2024)

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What is Canada Nickel Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Canada Nickel Co's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$174.61 Mil. Canada Nickel Co's Total Assets for the quarter that ended in Jan. 2024 was C$218.39 Mil.

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

TSXV:CNC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.78 Med: 0.86 Max: 0.95
Current: 0.8

During the past 4 years, the highest Equity to Asset Ratio of Canada Nickel Co was 0.95. The lowest was 0.78. And the median was 0.86.

TSXV:CNC's Equity-to-Asset is ranked better than
50.13% of 2703 companies
in the Metals & Mining industry
Industry Median: 0.8 vs TSXV:CNC: 0.80

Canada Nickel Co Equity-to-Asset Historical Data

The historical data trend for Canada Nickel 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.

Canada Nickel Co Equity-to-Asset Chart

Canada Nickel Co Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

Equity-to-Asset

0.95

0.86

0.82

0.85

Canada Nickel Co Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Equity-to-Asset	Get a 7-Day Free Trial												0.78	0.93	0.93	0.85	0.80

Competitive Comparison of Canada Nickel Co's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Canada Nickel 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.

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

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

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

Canada Nickel 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.

Canada Nickel Co's Equity to Asset Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Equity to Asset (A: Oct. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	156.041	/	183.068
	=

Canada Nickel Co's Equity to Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

Equity to Asset (Q: Jan. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	174.613	/	218.389
	=

Canada Nickel Co (TSXV:CNC) 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%.

Canada Nickel Co Equity-to-Asset Related Terms

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

Canada Nickel Co (TSXV:CNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canada Nickel Co Inc (TSXV:CNC) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

CNIKF:USA 4E0:Germany

Address

130 King Street West, Suite 1900, Toronto, ON, CAN, M5X1E3

Website

https://www.canadanickel.com

Canada Nickel Co Inc is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets. The company has applied in multiple jurisdictions to trademark the terms NetZero Nickel, NetZero Cobalt, NetZero Iron and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel and cobalt in low political risk jurisdictions. The firm is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific - mining camp.