East Africa Metals (East Africa Metals) Equity-to-Asset

: 0.58 (As of Dec. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. East Africa Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $9.61 Mil. East Africa Metals's Total Assets for the quarter that ended in Dec. 2023 was $16.57 Mil.

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

EFRMF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.58 Med: 0.75 Max: 0.97
Current: 0.58

During the past 10 years, the highest Equity to Asset Ratio of East Africa Metals was 0.97. The lowest was 0.58. And the median was 0.75.

EFRMF's Equity-to-Asset is ranked worse than
68.82% of 2697 companies
in the Metals & Mining industry
Industry Median: 0.81 vs EFRMF: 0.58

East Africa Metals Equity-to-Asset Historical Data

The historical data trend for East Africa Metals'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.

East Africa Metals Annual Data

Trend

Jun12

Jun13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Equity-to-Asset

0.78

0.72

0.75

0.67

East Africa Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Equity-to-Asset																0.65	-	0.61	0.60	0.58

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, East Africa Metals'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.

East Africa Metals Equity-to-Asset Distribution

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

* The bar in red indicates where East Africa Metals's Equity-to-Asset falls into.

East Africa Metals 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.

East Africa Metals's Equity to Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Equity to Asset (A: Dec. 2021 )	=	Total Stockholders Equity	/	Total Assets
	=	12.995	/	19.31
	=

East Africa Metals'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
	=	9.612	/	16.565
	=

East Africa Metals (OTCPK:EFRMF) 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%.

East Africa Metals Equity-to-Asset Related Terms

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

East Africa Metals (East Africa Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » East Africa Metals Inc (OTCPK:EFRMF) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

EA1:Germany EAM:Canada

Address

777 Dunsmuir Street, 17th Floor, Vancouver, BC, CAN, V7Y 1K4

Website

https://www.eastafricametals.com

East Africa Metals Inc is a mineral exploration company focused on the identification, acquisition, exploration, development, and/or sale of base and precious mineral resource properties in Ethiopia and Tanzania. The company's mineral properties consist of one project in Ethiopia, the Harvest Project, Adyabo Project, and one project in Tanzania, the Handeni and Other Properties. The geographical segments of the company include Canada, Tanzania, and Ethiopia. It has one reportable segment Exploration and Development of Mineral Properties.