Electric Royalties (TSXV:ELEC) Equity-to-Asset : 0.74 (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Electric Royalties Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Electric Royalties's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$13.27 Mil. Electric Royalties's Total Assets for the quarter that ended in Mar. 2024 was C$17.94 Mil.

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

TSXV:ELEC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.48 Med: 0.97 Max: 0.99
Current: 0.74

During the past 5 years, the highest Equity to Asset Ratio of Electric Royalties was 0.99. The lowest was 0.48. And the median was 0.97.

TSXV:ELEC's Equity-to-Asset is ranked worse than
54.68% of 2716 companies
in the Metals & Mining industry
Industry Median: 0.79 vs TSXV:ELEC: 0.74

Electric Royalties Equity-to-Asset Historical Data

The historical data trend for Electric Royalties'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.

Electric Royalties Equity-to-Asset Chart

Electric Royalties Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.48

0.98

0.99

0.75

Electric Royalties Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial														0.99	0.95	0.83	0.75	0.74

Competitive Comparison of Electric Royalties's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Electric Royalties'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.

Electric Royalties's Equity-to-Asset Distribution in the Metals & Mining Industry

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

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

Electric Royalties 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.

Electric Royalties's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	13.52	/	18.009
	=	0.75

Electric Royalties's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	13.268	/	17.944
	=

Electric Royalties (TSXV:ELEC) 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%.

Electric Royalties Equity-to-Asset Related Terms

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

Electric Royalties (TSXV:ELEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Electric Royalties Ltd (TSXV:ELEC) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

ELECF:USA

Address

1040 West Georgia Street, 14th Floor, Vancouver, BC, CAN, V6E 4H1

Website

https://www.electricroyalties.com

Electric Royalties Ltd is a royalty company established to take advantage of the demand for a wide range of commodities such as lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper that will benefit from the drive toward electrification of a variety of consumer products such as cars, rechargeable batteries, large scale energy storage, renewable energy generation and other applications. The Company's mineral royalty interests and deferred transaction costs, and investment in an associate are located in the following locations: Canada, United States of America, Southern Hemisphere, Norway and Others.

Executives

Stefan Gleason

10% Security Holder, Director

Electric Royalties (TSXV:ELEC) Headlines

No Headlines