Mineral Hill Industries (TSXV:MHI) Equity-to-Asset : 0.06 (As of Mar. 2024)

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What is Mineral Hill Industries Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Mineral Hill Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$0.01 Mil. Mineral Hill Industries's Total Assets for the quarter that ended in Mar. 2024 was C$0.15 Mil.

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

TSXV:MHI' s Equity-to-Asset Range Over the Past 10 Years
Min: -36.86 Med: -7.36 Max: 0.75
Current: 0.06

During the past 13 years, the highest Equity to Asset Ratio of Mineral Hill Industries was 0.75. The lowest was -36.86. And the median was -7.36.

TSXV:MHI's Equity-to-Asset is ranked worse than
87.82% of 2710 companies
in the Metals & Mining industry
Industry Median: 0.8 vs TSXV:MHI: 0.06

Mineral Hill Industries Equity-to-Asset Historical Data

The historical data trend for Mineral Hill Industries'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.

Mineral Hill Industries Equity-to-Asset Chart

Mineral Hill Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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-9.63

-18.50

0.01

0.37

0.21

Mineral Hill Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial															0.28	0.21	0.20	0.21	0.06

Competitive Comparison of Mineral Hill Industries's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Mineral Hill Industries'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.

Mineral Hill Industries's Equity-to-Asset Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Mineral Hill Industries's Equity-to-Asset falls into.

Mineral Hill Industries 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.

Mineral Hill Industries'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
	=	0.039	/	0.183
	=

Mineral Hill Industries'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
	=	0.009	/	0.154
	=

Mineral Hill Industries (TSXV:MHI) 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%.

Mineral Hill Industries Equity-to-Asset Related Terms

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