Golden Rapture Mining (XCNQ:GLDR) Equity-to-Asset : 0.94 (As of Jan. 2024)

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What is Golden Rapture Mining Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Golden Rapture Mining's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$1.14 Mil. Golden Rapture Mining's Total Assets for the quarter that ended in Jan. 2024 was C$1.21 Mil.

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

XCNQ:GLDR' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.94 Med: 0.94 Max: 0.96
Current: 0.94

During the past 0 years, the highest Equity to Asset Ratio of Golden Rapture Mining was 0.96. The lowest was 0.94. And the median was 0.94.

XCNQ:GLDR's Equity-to-Asset is ranked better than
75.96% of 2716 companies
in the Metals & Mining industry
Industry Median: 0.79 vs XCNQ:GLDR: 0.94

Golden Rapture Mining Equity-to-Asset Historical Data

The historical data trend for Golden Rapture Mining'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.

Golden Rapture Mining Equity-to-Asset Chart

Golden Rapture Mining Annual Data

Trend

Equity-to-Asset

Golden Rapture Mining Quarterly Data
	Jan23	Jul23	Oct23	Jan24
Equity-to-Asset	-	0.94	0.96	0.94

Competitive Comparison of Golden Rapture Mining's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Golden Rapture Mining'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.

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

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

* The bar in red indicates where Golden Rapture Mining's Equity-to-Asset falls into.

Golden Rapture Mining 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.

Golden Rapture Mining's Equity to Asset Ratio for the fiscal year that ended in . 20 is calculated as

Equity to Asset (A: . 20 )	=	Total Stockholders Equity	/	Total Assets
	=		/
	=

Golden Rapture Mining's Equity to Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

Equity to Asset (Q: Jan. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	1.135	/	1.214
	=

Golden Rapture Mining (XCNQ:GLDR) 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%.

Golden Rapture Mining Equity-to-Asset Related Terms

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

Golden Rapture Mining (XCNQ:GLDR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Rapture Mining Corp (XCNQ:GLDR) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

804 Barnes Link Sw, Edmonton, AB, CAN, T6W 1E7

Website

https://www.goldenrapturemining.com

Golden Rapture Mining Corp is a mineral resource company in the development stage that is engaged in the acquisition of interests in the exploration of mineral resource properties.

Executives

Ryan Daniel Clyde Yanch

Director, Senior Officer

Golden Rapture Mining (XCNQ:GLDR) Headlines

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