Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Dakota Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $103.54 Mil. Dakota Gold's Total Assets for the quarter that ended in Dec. 2023 was $108.20 Mil.
The historical rank and industry rank for Dakota Gold's Equity-to-Asset or its related term are showing as below:
DC'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.46 Med: 0.96 Max: 0.97
Current: 0.96
During the past 3 years, the highest Equity to Asset Ratio of Dakota Gold was 0.97. The lowest was 0.46. And the median was 0.96.
DC's Equity-to-Asset is ranked better than 81.94% of 2702
companies
in the Metals & Mining industry
Industry Median: 0.8
vs DC: 0.96
Dakota Gold Equity-to-Asset Historical Data
The historical data trend for Dakota Gold'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.
Competitive Comparison of Dakota Gold's Equity-to-Asset
For the Gold subindustry, Dakota Gold'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.
Dakota Gold's Equity-to-Asset Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Dakota Gold's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Dakota Gold's Equity-to-Asset falls into.
Dakota Gold 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.
Dakota Gold's Equity to Asset Ratio for the fiscal year that ended in Mar. 2022 is calculated as
* 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.
Dakota Gold (AMEX:DC) 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%.
Dakota Gold Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Dakota Gold's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Dakota Gold Corp is a gold exploration and development company with a specific focus on revitalizing the Homestake District in Lead, South Dakota. Dakota Gold has high-caliber gold mineral properties covering over 40 thousand acres surrounding the historic Homestake Mine.
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