Sage Potash (TSXV:SAGE) Equity-to-Asset : 0.37 (As of Dec. 2023)

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What is Sage Potash Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Sage Potash's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$0.66 Mil. Sage Potash's Total Assets for the quarter that ended in Dec. 2023 was C$1.81 Mil.

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

TSXV:SAGE' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.37 Med: 0.54 Max: 0.62
Current: 0.37

During the past 0 years, the highest Equity to Asset Ratio of Sage Potash was 0.62. The lowest was 0.37. And the median was 0.54.

TSXV:SAGE's Equity-to-Asset is ranked worse than
79.04% of 2715 companies
in the Metals & Mining industry
Industry Median: 0.79 vs TSXV:SAGE: 0.37

Sage Potash Equity-to-Asset Historical Data

The historical data trend for Sage Potash'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.

Sage Potash Equity-to-Asset Chart

Sage Potash Annual Data

Trend

Equity-to-Asset

Sage Potash Quarterly Data
	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			-	-	0.54	0.62	0.37

Competitive Comparison of Sage Potash's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Sage Potash'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.

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

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

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

Sage Potash 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.

Sage Potash's Equity to Asset Ratio for the fiscal year that ended in . 20 is calculated as

Equity to Asset (A: . 20 )	=	Total Stockholders Equity	/	Total Assets
	=		/
	=

Sage Potash'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
	=	0.661	/	1.813
	=

Sage Potash (TSXV:SAGE) 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%.

Sage Potash Equity-to-Asset Related Terms

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Sage Potash (TSXV:SAGE) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SGPTF:USA

Address

889 West Pender Street, Suite 605, Vancouver, BC, CAN, V6C 3B2

Website

https://www.sagepotash.com

Sage Potash Corp is engaged in the acquisition, exploration, and development of mineral properties. Its principal business activity is the acquisition, exploration, and development of potash mineral properties. It holds interest in Sage Plain Potash property. The projects of the company include Sage Potash and Sage Lithium.