Bayridge Resources (XCNQ:BYRG) Equity-to-Asset : 0.72 (As of Mar. 2024)

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What is Bayridge Resources Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Bayridge Resources's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$0.30 Mil. Bayridge Resources's Total Assets for the quarter that ended in Mar. 2024 was C$0.41 Mil.

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

XCNQ:BYRG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.52 Med: 0.88 Max: 0.96
Current: 0.72

During the past 2 years, the highest Equity to Asset Ratio of Bayridge Resources was 0.96. The lowest was 0.52. And the median was 0.88.

XCNQ:BYRG's Equity-to-Asset is ranked worse than
56.59% of 2716 companies
in the Metals & Mining industry
Industry Median: 0.79 vs XCNQ:BYRG: 0.72

Bayridge Resources Equity-to-Asset Historical Data

The historical data trend for Bayridge 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.

Bayridge Resources Equity-to-Asset Chart

Bayridge Resources Annual Data

Trend

Dec22

Dec23

Equity-to-Asset

0.52

0.86

Bayridge Resources Quarterly Data
	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial			0.96	0.90	0.94	0.86	0.72

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

For the Other Industrial Metals & Mining subindustry, Bayridge 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.

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

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

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

Bayridge 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.

Bayridge 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
	=	0.351	/	0.407
	=

Bayridge 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
	=	0.296	/	0.412
	=

Bayridge Resources (XCNQ:BYRG) 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%.

Bayridge Resources Equity-to-Asset Related Terms

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

Bayridge Resources (XCNQ:BYRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bayridge Resources Corp (XCNQ:BYRG) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

BYRRF:USA O0K:Germany

Address

1480-885 West Georgia Street, Vancouver, BC, CAN, V6C 3E3

Website

Bayridge Resources Corp is currently engaged in the business of exploration of mineral properties in Canada. The Company's objective is to explore and, if warranted, develop the Property. Its property includes the Sharpe Lake Property which is in the exploration stage.