Star Royalties (TSXV:STRR) Equity-to-Asset : 0.99 (As of Dec. 2023)

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What is Star Royalties Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Star Royalties's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$72.21 Mil. Star Royalties's Total Assets for the quarter that ended in Dec. 2023 was C$73.26 Mil. Therefore, Star Royalties's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.99.

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

TSXV:STRR' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.84 Med: 0.99 Max: 0.99
Current: 0.99

During the past 5 years, the highest Equity to Asset Ratio of Star Royalties was 0.99. The lowest was 0.84. And the median was 0.99.

TSXV:STRR's Equity-to-Asset is ranked better than
97.19% of 2703 companies
in the Metals & Mining industry
Industry Median: 0.8 vs TSXV:STRR: 0.99

Star Royalties Equity-to-Asset Historical Data

The historical data trend for Star Royalties'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.

Star Royalties Equity-to-Asset Chart

Star Royalties Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.84

0.99

Star Royalties Quarterly Data
	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												0.99	0.99	0.99	0.99	0.99

Competitive Comparison of Star Royalties's Equity-to-Asset

For the Other Precious Metals & Mining subindustry, Star Royalties'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.

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

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

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

Star Royalties 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.

Star Royalties'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
	=	72.205	/	73.257
	=	0.99

Star Royalties'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
	=	72.205	/	73.257
	=	0.99

Star Royalties (TSXV:STRR) 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%.

Star Royalties Equity-to-Asset Related Terms

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

Star Royalties (TSXV:STRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Star Royalties Ltd (TSXV:STRR) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

STRFF:USA

Address

18 King Street East, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.starroyalties.com

Star Royalties Ltd is a precious metals and carbon credit royalty and streaming company. The company has developed its carbon credit royalties in forestry and regenerative agriculture. The group offers investors exposure to precious metals and carbon credits by originating high-quality royalties and streams. The company's assets comprise Elk Gold, Copperstone, Keysbrook, Baavhai Uul, and others. The Company organizes and manages the business under Star Royalties and Green Star joint venture. Geographically, the company operates in The United States, Canada, Australia and Mongolia.