Corsa Coal (Corsa Coal) Equity-to-Asset : 0.45 (As of Dec. 2023)

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What is Corsa Coal Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Corsa Coal's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $85.5 Mil. Corsa Coal's Total Assets for the quarter that ended in Dec. 2023 was $191.3 Mil. Therefore, Corsa Coal's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.45.

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

CRSXF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.13 Med: 0.34 Max: 0.45
Current: 0.45

During the past 13 years, the highest Equity to Asset Ratio of Corsa Coal was 0.45. The lowest was 0.13. And the median was 0.34.

CRSXF's Equity-to-Asset is ranked worse than
63.29% of 632 companies
in the Steel industry
Industry Median: 0.54 vs CRSXF: 0.45

Corsa Coal Equity-to-Asset Historical Data

The historical data trend for Corsa Coal'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.

Corsa Coal Equity-to-Asset Chart

Corsa Coal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.37

0.20

0.41

0.32

0.45

Corsa Coal Quarterly Data
	Mar19	Jun19	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															0.32	0.33	0.37	0.40	0.45

Competitive Comparison of Corsa Coal's Equity-to-Asset

For the Coking Coal subindustry, Corsa Coal'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.

Corsa Coal's Equity-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Corsa Coal's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Corsa Coal's Equity-to-Asset falls into.

Corsa Coal 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.

Corsa Coal'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
	=	85.53	/	191.281
	=	0.45

Corsa Coal'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
	=	85.53	/	191.281
	=	0.45

Corsa Coal (OTCPK:CRSXF) 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%.

Corsa Coal Equity-to-Asset Related Terms

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

Corsa Coal (Corsa Coal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Corsa Coal Corp (OTCPK:CRSXF) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

CSO:Canada

Address

1576 Stoystown Road, PO Box 260, Friedens, PA, USA, 15541

Website

https://www.corsacoal.com

Corsa Coal Corp is a coal mining company focused on the production and sales of metallurgical coal, an essential ingredient in the production of steel. Its core business is producing and selling metallurgical coal to domestic and international steel and coke producers in the Atlantic and Pacific basin markets. Its segments are Northern Appalachia (NAPP) and the company's corporate office. NAPP is a distinct operating segment based on its metallurgical coal operations and location in the U.S. along the Northern Appalachia coal belt. The company's corporate office provides support and manages the mining investments.

Corsa Coal (Corsa Coal) Headlines

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