Tincorp Metals (TSXV:TIN) Equity-to-Asset : 0.95 (As of Dec. 2023)

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What is Tincorp Metals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Tincorp Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$26.96 Mil. Tincorp Metals's Total Assets for the quarter that ended in Dec. 2023 was C$28.41 Mil.

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

TSXV:TIN' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.7 Med: 0.96 Max: 0.97
Current: 0.95

During the past 4 years, the highest Equity to Asset Ratio of Tincorp Metals was 0.97. The lowest was 0.70. And the median was 0.96.

TSXV:TIN's Equity-to-Asset is ranked better than
78.17% of 2703 companies
in the Metals & Mining industry
Industry Median: 0.8 vs TSXV:TIN: 0.95

Tincorp Metals Equity-to-Asset Historical Data

The historical data trend for Tincorp Metals'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.

Tincorp Metals Equity-to-Asset Chart

Tincorp Metals Annual Data

Trend

Jun20

Dec21

Dec22

Dec23

Equity-to-Asset

0.70

0.97

0.95

Tincorp Metals Quarterly Data
	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											0.97	0.97	0.96	0.96	0.95

Competitive Comparison of Tincorp Metals's Equity-to-Asset

For the Gold subindustry, Tincorp Metals'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.

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

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

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

Tincorp Metals 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.

Tincorp Metals'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
	=	26.964	/	28.408
	=

Tincorp Metals'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
	=	26.964	/	28.408
	=

Tincorp Metals (TSXV:TIN) 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%.

Tincorp Metals Equity-to-Asset Related Terms

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

Tincorp Metals (TSXV:TIN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

TINFF:USA

Address

1066 West Hastings Street, Suite 1750, Vancouver, BC, CAN, V6E 3X1

Website

https://www.tincorp.com

Tincorp Metals Inc is focused on its wholly owned Skukum Gold Project located in the Whitehorse Mining District of the southern Yukon. The project consists of 1,051 mineral claims covering an area of 170 square kilometres and is located approximately 55 kilometres south of Whitehorse, Yukon. The project hosts the advanced-stage Skukum Creek, Goddell and Mount Skukum high-grade gold deposits and multiple high-priority exploration targets. Project infrastructure includes an all-weather access road, an all-weather 50-person camp, approximately 4.8 kilometres of underground workings, an extensive surface road network and a previously operating 300-tpd mill along with a tailings management facility and service buildings.

Tincorp Metals (TSXV:TIN) Headlines

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