Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Gold Resource's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $96.69 Mil. Gold Resource's Total Assets for the quarter that ended in Dec. 2023 was $183.89 Mil.
Therefore, Gold Resource's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.53.
The historical rank and industry rank for Gold Resource's Equity-to-Asset or its related term are showing as below:
GORO'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.53 Med: 0.83 Max: 0.9
Current: 0.53
During the past 13 years, the highest Equity to Asset Ratio of Gold Resource was 0.90. The lowest was 0.53. And the median was 0.83.
GORO's Equity-to-Asset is ranked worse than 71.35% of 2702
companies
in the Metals & Mining industry
Industry Median: 0.8
vs GORO: 0.53
Gold Resource Equity-to-Asset Historical Data
The historical data trend for Gold Resource'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 Gold Resource's Equity-to-Asset
For the Gold subindustry, Gold Resource'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.
Gold Resource's Equity-to-Asset Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Gold Resource's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Gold Resource's Equity-to-Asset falls into.
Gold Resource 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.
Gold Resource's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 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.
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%.
Gold Resource Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Gold Resource's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Gold Resource (Gold Resource) Business Description
Gold Resource Corp is a gold and silver producer, developer, and explorer with operations in Oaxaca, Mexico, and Nevada, USA. It targets low capital expenditure projects with the potential for generating high returns on capital. The company's two pipeline projects are; Don David Gold at Oaxaca, Mexico, and Back Forty at Michigan, United States of America.
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