Infinico Metals (TSXV:INFM) Equity-to-Asset : 0.72 (As of Dec. 2023)

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What is Infinico Metals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Infinico Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$1.58 Mil. Infinico Metals's Total Assets for the quarter that ended in Dec. 2023 was C$2.19 Mil.

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

TSXV:INFM' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.72 Med: 0.9 Max: 0.94
Current: 0.72

During the past 4 years, the highest Equity to Asset Ratio of Infinico Metals was 0.94. The lowest was 0.72. And the median was 0.90.

TSXV:INFM's Equity-to-Asset is ranked worse than
57.48% of 2707 companies
in the Metals & Mining industry
Industry Median: 0.8 vs TSXV:INFM: 0.72

Infinico Metals Equity-to-Asset Historical Data

The historical data trend for Infinico Metals'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.

Infinico Metals Equity-to-Asset Chart

Infinico Metals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.89

0.91

0.94

0.72

Infinico Metals Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial									0.94	0.97	0.92	0.92	0.72

Competitive Comparison of Infinico Metals's Equity-to-Asset

For the Gold subindustry, Infinico Metals'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.

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

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

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

Infinico Metals 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.

Infinico Metals'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
	=	1.575	/	2.187
	=

Infinico Metals's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1.575	/	2.187
	=

Infinico Metals (TSXV:INFM) 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%.

Infinico Metals Equity-to-Asset Related Terms

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

Infinico Metals (TSXV:INFM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Infinico Metals Corp (TSXV:INFM) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1507 1030 West Georgia Street, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.burin-gold.com

Infinico Metals Corp, formerly Burin Gold Corp is is engaged in the identification, acquisition, and exploration of properties for mining of precious and base metals. It focuses on the Hickey's Pond Paradise Gold project.

Executives

Plethora Private Equity Management	10% Security Holder
Stichting Legal Owner Plethora Private Equity	10% Security Holder

Infinico Metals (TSXV:INFM) Headlines

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