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Fox River Resources (XCNQ:FOX) Equity-to-Asset : 0.83 (As of Jul. 2024)


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What is Fox River Resources Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Fox River Resources's Total Stockholders Equity for the quarter that ended in Jul. 2024 was C$0.79 Mil. Fox River Resources's Total Assets for the quarter that ended in Jul. 2024 was C$0.96 Mil.

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

XCNQ:FOX' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.95   Med: 0.98   Max: 1
Current: 0.83

During the past 8 years, the highest Equity to Asset Ratio of Fox River Resources was 1.00. The lowest was -0.95. And the median was 0.98.

XCNQ:FOX's Equity-to-Asset is ranked better than
56.2% of 2685 companies
in the Metals & Mining industry
Industry Median: 0.78 vs XCNQ:FOX: 0.83

Fox River Resources Equity-to-Asset Historical Data

The historical data trend for Fox River 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.

Fox River Resources Equity-to-Asset Chart

Fox River Resources Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Equity-to-Asset
Get a 7-Day Free Trial 0.97 0.95 0.76 -0.10 0.79

Fox River Resources 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 0.96 0.79 0.93 0.83 0.83

Competitive Comparison of Fox River Resources's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Fox River 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.


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

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

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



Fox River 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.

Fox River Resources'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
=1.403/1.78
=

Fox River Resources'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
=0.793/0.957
=

* 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.


Fox River Resources  (XCNQ:FOX) 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%.


Fox River Resources Equity-to-Asset Related Terms

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


Fox River Resources Business Description

Traded in Other Exchanges
Address
141 Adelaide Street West, Suite 301, Toronto, ON, CAN, M5H 3L5
Fox River Resources Corp is engaged in the advancement of the Martison Phosphate Project located near Hearst, Ontario. The project entails the construction of a vertically integrated phosphoric acid facility. The plant would utilize the Martison phosphate deposit and sulphuric acid from existing nearby base metal smelters or a sulphuric acid plant built by the company utilizing low-cost sulphur from Western Canada. The acidulation of these two primary inputs would be utilized to create phosphoric acid used to produce products in the fertilizer and industrial phosphate markets.
Executives
David Lotan Director
Stephen Dunbar Case 10% Security Holder, Director, Senior Officer
Elizabeth Anne Leonard Director
Fraser James Laschinger Senior Officer
Lotan Holdings Inc. 10% Security Holder
Gordon Scott Townsend Mckinnon Director