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NewOrigin Gold (TSXV:NEWO) Equity-to-Asset : -1.64 (As of Dec. 2023)


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What is NewOrigin Gold Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. NewOrigin Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-0.18 Mil. NewOrigin Gold's Total Assets for the quarter that ended in Dec. 2023 was C$0.11 Mil.

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

TSXV:NEWO' s Equity-to-Asset Range Over the Past 10 Years
Min: -51.33   Med: 0.85   Max: 0.99
Current: -1.64

During the past 13 years, the highest Equity to Asset Ratio of NewOrigin Gold was 0.99. The lowest was -51.33. And the median was 0.85.

TSXV:NEWO's Equity-to-Asset is ranked worse than
94.24% of 2707 companies
in the Metals & Mining industry
Industry Median: 0.8 vs TSXV:NEWO: -1.64

NewOrigin Gold Equity-to-Asset Historical Data

The historical data trend for NewOrigin Gold'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.

NewOrigin Gold Equity-to-Asset Chart

NewOrigin Gold Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.87 -51.33 0.95 0.68 -2.59

NewOrigin Gold Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.39 -5.42 -2.59 -4.25 -1.64

Competitive Comparison of NewOrigin Gold's Equity-to-Asset

For the Gold subindustry, NewOrigin Gold'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.


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

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

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



NewOrigin Gold 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.

NewOrigin Gold's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )=Total Stockholders Equity/Total Assets
=-0.189/0.073
=

NewOrigin Gold'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
=-0.179/0.109
=

* 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.


NewOrigin Gold  (TSXV:NEWO) 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%.


NewOrigin Gold Equity-to-Asset Related Terms

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


NewOrigin Gold (TSXV:NEWO) Business Description

Traded in Other Exchanges
Address
110 Yonge Street, Dennis Peterson, Suite 1601, Toronto, ON, CAN, M5C 1T4
NewOrigin Gold Corp's strategy is to stake or acquire early-stage, under-explored precious metals properties in prospective mining camps. The company aims to create shareholder value by leveraging management's broad experience to make new economic gold discoveries on the under-explored properties. It is focused on exploring its flagship Sky Lake Project in the past producing Pickle Lake Mining Camp in northwestern, Ontario. The company's project portfolio includes the North Abitibi Project, South Abitibi Project, the Nipissing Cobalt Property, the Kinebik Gold Project.
Executives
Andrew Thomson Senior Officer
O3 Mining Inc. 10% Security Holder

NewOrigin Gold (TSXV:NEWO) Headlines

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