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Patterson Metals (TSXV:PAT) Equity-to-Asset : 0.91 (As of Jul. 2024)


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What is Patterson Metals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Patterson Metals's Total Stockholders Equity for the quarter that ended in Jul. 2024 was C$1.14 Mil. Patterson Metals's Total Assets for the quarter that ended in Jul. 2024 was C$1.25 Mil.

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

TSXV:PAT' s Equity-to-Asset Range Over the Past 10 Years
Min: -12.67   Med: 0.91   Max: 1
Current: 0.91

During the past 12 years, the highest Equity to Asset Ratio of Patterson Metals was 1.00. The lowest was -12.67. And the median was 0.91.

TSXV:PAT's Equity-to-Asset is ranked better than
81.97% of 183 companies
in the Other Energy Sources industry
Industry Median: 0.63 vs TSXV:PAT: 0.91

Patterson Metals Equity-to-Asset Historical Data

The historical data trend for Patterson 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.

Patterson Metals Equity-to-Asset Chart

Patterson Metals Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.95 0.99 0.97 0.91 0.98

Patterson Metals Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 0.98 0.98 0.95 0.93 0.91

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

For the Uranium subindustry, Patterson 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.


Patterson Metals's Equity-to-Asset Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Patterson Metals's Equity-to-Asset distribution charts can be found below:

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



Patterson 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.

Patterson Metals's Equity to Asset Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Equity to Asset (A: Oct. 2023 )=Total Stockholders Equity/Total Assets
=1.16/1.185
=

Patterson Metals's Equity to Asset Ratio for the quarter that ended in Jul. 2024 is calculated as

Equity to Asset (Q: Jul. 2024 )=Total Stockholders Equity/Total Assets
=1.141/1.249
=

* 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.


Patterson Metals  (TSXV:PAT) 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%.


Patterson Metals Equity-to-Asset Related Terms

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


Patterson Metals Business Description

Traded in Other Exchanges
Address
885 West Georgia Street, Suite 2200, Vancouver, BC, CAN, V6C 3E8
Patterson Metals Corp formerly Trench Metals Corp is engaged in the business of exploration and mining metals. The projects of the company include The Higginson Lake Uranium Project, The Spreckley Lake Uranium Project, and The Carter Lake Uranium Project.

Patterson Metals Headlines

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