The Canadian Chrome Co (XCNQ:CACR.A) Equity-to-Asset : -32.35 (As of Sep. 2023)

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What is The Canadian Chrome Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. The Canadian Chrome Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-29.76 Mil. The Canadian Chrome Co's Total Assets for the quarter that ended in Sep. 2023 was C$0.92 Mil.

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

XCNQ:CACR.A' s Equity-to-Asset Range Over the Past 10 Years
Min: -194.14 Med: 0.83 Max: 1
Current: -32.35

During the past 13 years, the highest Equity to Asset Ratio of The Canadian Chrome Co was 1.00. The lowest was -194.14. And the median was 0.83.

XCNQ:CACR.A's Equity-to-Asset is ranked worse than
98.59% of 2703 companies
in the Metals & Mining industry
Industry Median: 0.8 vs XCNQ:CACR.A: -32.35

The Canadian Chrome Co Equity-to-Asset Historical Data

The historical data trend for The Canadian Chrome Co'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.

The Canadian Chrome Co Equity-to-Asset Chart

The Canadian Chrome Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

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0.15

-12.09

-194.14

-0.95

-17.92

The Canadian Chrome Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial															-13.87	-17.92	-28.23	-22.60	-32.35

Competitive Comparison of The Canadian Chrome Co's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, The Canadian Chrome Co'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.

The Canadian Chrome Co's Equity-to-Asset Distribution in the Metals & Mining Industry

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

* The bar in red indicates where The Canadian Chrome Co's Equity-to-Asset falls into.

The Canadian Chrome Co 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.

The Canadian Chrome Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	-26.218	/	1.463
	=

The Canadian Chrome Co's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-29.759	/	0.92
	=

The Canadian Chrome Co (XCNQ:CACR.A) 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%.

The Canadian Chrome Co Equity-to-Asset Related Terms

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

The Canadian Chrome Co (XCNQ:CACR.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » The Canadian Chrome Co (XCNQ:CACR.A) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

KWGBF:USA

Address

141 Adelaide Street West, Suite 240, Toronto, ON, CAN, M5H 3L5

Website

https://www.kwgresources.com

KWG Resources Inc is a Canada-based mineral exploration company. It is engaged in the exploration and evaluation of base and precious metals and in the development of a transportation link to access the areas where these are located. It also has interests in technology relating to the production of chromium iron alloys. The company is focused on the development of chromite deposits in the James Bay Lowlands of Northern Ontario, Canada. Its properties include Black Horse, Koper Lake, and McFaulds Lake. The Company's operations comprise a single reporting operating segment engaged in mineral exploration in Canada.

The Canadian Chrome Co (XCNQ:CACR.A) Headlines

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