Class 1 Nickel and Technologies (XCNQ:NICO) Equity-to-Asset : -3.54 (As of Dec. 2023)

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What is Class 1 Nickel and Technologies Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Class 1 Nickel and Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-1.93 Mil. Class 1 Nickel and Technologies's Total Assets for the quarter that ended in Dec. 2023 was C$0.55 Mil.

The historical rank and industry rank for Class 1 Nickel and Technologies's Equity-to-Asset or its related term are showing as below:

XCNQ:NICO' s Equity-to-Asset Range Over the Past 10 Years
Min: -3.54 Med: 0.43 Max: 0.87
Current: -3.54

During the past 5 years, the highest Equity to Asset Ratio of Class 1 Nickel and Technologies was 0.87. The lowest was -3.54. And the median was 0.43.

XCNQ:NICO's Equity-to-Asset is ranked worse than
95.39% of 2711 companies
in the Metals & Mining industry
Industry Median: 0.8 vs XCNQ:NICO: -3.54

Class 1 Nickel and Technologies Equity-to-Asset Historical Data

The historical data trend for Class 1 Nickel and Technologies'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.

Class 1 Nickel and Technologies Equity-to-Asset Chart

Class 1 Nickel and Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.65

0.87

0.43

-1.73

-3.54

Class 1 Nickel and Technologies Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial													-1.73	-1.48	-0.63	-1.32	-3.54

Competitive Comparison of Class 1 Nickel and Technologies's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Class 1 Nickel and Technologies'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.

Class 1 Nickel and Technologies's Equity-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Class 1 Nickel and Technologies's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Class 1 Nickel and Technologies's Equity-to-Asset falls into.

Class 1 Nickel and Technologies 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.

Class 1 Nickel and Technologies'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
	=	-1.931	/	0.546
	=

Class 1 Nickel and Technologies's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-1.931	/	0.546
	=

Class 1 Nickel and Technologies (XCNQ:NICO) 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%.

Class 1 Nickel and Technologies Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Class 1 Nickel and Technologies's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Class 1 Nickel and Technologies (XCNQ:NICO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Class 1 Nickel and Technologies Ltd (XCNQ:NICO) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

NICLF:USA 77C:Germany

Address

82 Richmond Street East, Toronto, ON, CAN, M5C 1P1

Website

https://www.class1nickel.com

Class 1 Nickel and Technologies Ltd is engaged in the business of mineral exploration and development of minerals and base metals in Canada. The company operates two high-grade past producing nickel sulphide projects in Tier 1 mining camps, including the Alexo-Dundonald Project with existing NI43-101 Compliant Mineral Resource with majority resource growth and near-term mining potential.

Class 1 Nickel and Technologies (XCNQ:NICO) Headlines

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