SRQ Resources (TSXV:SRQ) Equity-to-Asset : 0.84 (As of Mar. 2024)

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What is SRQ Resources Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. SRQ Resources's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$1.71 Mil. SRQ Resources's Total Assets for the quarter that ended in Mar. 2024 was C$2.05 Mil.

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

TSXV:SRQ' s Equity-to-Asset Range Over the Past 10 Years
Min: -2.58 Med: 0.84 Max: 0.93
Current: 0.84

During the past 3 years, the highest Equity to Asset Ratio of SRQ Resources was 0.93. The lowest was -2.58. And the median was 0.84.

TSXV:SRQ's Equity-to-Asset is ranked better than
56% of 2716 companies
in the Metals & Mining industry
Industry Median: 0.79 vs TSXV:SRQ: 0.84

SRQ Resources Equity-to-Asset Historical Data

The historical data trend for SRQ 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.

SRQ Resources Equity-to-Asset Chart

SRQ Resources Annual Data

Trend

Dec21

Dec22

Dec23

Equity-to-Asset

-1.51

-2.58

0.86

SRQ Resources Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial			-	-0.08	0.93	0.86	0.84

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

For the Other Industrial Metals & Mining subindustry, SRQ 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.

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

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

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

SRQ 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.

SRQ Resources'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
	=	2.02	/	2.344
	=

SRQ Resources'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
	=	1.714	/	2.049
	=

SRQ Resources (TSXV:SRQ) 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%.

SRQ Resources Equity-to-Asset Related Terms

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

SRQ Resources (TSXV:SRQ) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SRQRF:USA

Address

1320 Graham Ville, Suite 132, Montreal, QC, CAN, H3P 3C8

Website

SRQ Resources Inc is a mineral exploration and development company. SRQ is focused on the creation of a North American nickel power play, notably with the Lac Brule property in Quebec. The company owns a total of 525 exploration claims in the province of Quebec, Canada, related to different properties. The company's properties include The Lac Brule property, The Lac Brennan property, The Lac Jim property, The Lac Picanoc property, and The Lac Montmord property.

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