Hispania Resources (TSXV:ESPN) Equity-to-Asset : -0.61 (As of Sep. 2023)

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What is Hispania Resources Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Hispania Resources's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-0.64 Mil. Hispania Resources's Total Assets for the quarter that ended in Sep. 2023 was C$1.06 Mil.

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

TSXV:ESPN' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.61 Med: 0.24 Max: 0.84
Current: -0.61

During the past 3 years, the highest Equity to Asset Ratio of Hispania Resources was 0.84. The lowest was -0.61. And the median was 0.24.

TSXV:ESPN's Equity-to-Asset is ranked worse than
92.34% of 2702 companies
in the Metals & Mining industry
Industry Median: 0.8 vs TSXV:ESPN: -0.61

Hispania Resources Equity-to-Asset Historical Data

The historical data trend for Hispania Resources'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.

Hispania Resources Equity-to-Asset Chart

Hispania Resources Annual Data

Trend

Dec20

Dec21

Dec22

Equity-to-Asset

0.84

0.24

-0.23

Hispania Resources Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial					0.65	-0.23	-0.37	-0.38	-0.61

Competitive Comparison of Hispania Resources's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Hispania Resources'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.

Hispania Resources's Equity-to-Asset Distribution in the Metals & Mining Industry

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

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

Hispania Resources 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.

Hispania Resources's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	-0.242	/	1.051
	=

Hispania Resources's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-0.644	/	1.064
	=

Hispania Resources (TSXV:ESPN) 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%.

Hispania Resources Equity-to-Asset Related Terms

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

Hispania Resources (TSXV:ESPN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hispania Resources Inc (TSXV:ESPN) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Toronto Street, Suite 602, Toronto, ON, CAN, M5C 2E3

Website

http://www.hispaniaresources.com

Hispania Resources Inc is an exploration and development company. This Company is focused on the acquisition, exploration, and development of mining properties in Spain. This company is engaged in developing the long-term mining potential of its core asset, the Zinc, Copper enriched Puebla de la Reina (PBR) property in the low-risk and historic mining district of Extremadura in Southwest Spain.

Hispania Resources (TSXV:ESPN) Headlines

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