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Entree Resources (Entree Resources) Equity-to-Asset : -7.64 (As of Sep. 2023)


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What is Entree Resources Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Entree Resources's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-60.94 Mil. Entree Resources's Total Assets for the quarter that ended in Sep. 2023 was $7.98 Mil.

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

ERLFF' s Equity-to-Asset Range Over the Past 10 Years
Min: -8.96   Med: -5.83   Max: 0.42
Current: -8.96

During the past 13 years, the highest Equity to Asset Ratio of Entree Resources was 0.42. The lowest was -8.96. And the median was -5.83.

ERLFF's Equity-to-Asset is ranked worse than
97% of 2702 companies
in the Metals & Mining industry
Industry Median: 0.8 vs ERLFF: -8.96

Entree Resources Equity-to-Asset Historical Data

The historical data trend for Entree Resources'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.

Entree Resources Equity-to-Asset Chart

Entree Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.70 -6.31 -7.08 -7.68 -8.96

Entree Resources 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -7.68 -8.46 -8.87 -7.64 -8.96

Competitive Comparison of Entree Resources's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Entree Resources'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.


Entree Resources's Equity-to-Asset Distribution in the Metals & Mining Industry

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

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



Entree Resources 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.

Entree Resources'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
=-64.619/7.215
=

Entree Resources's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )=Total Stockholders Equity/Total Assets
=-60.942/7.975
=

* 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.


Entree Resources  (OTCPK:ERLFF) 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%.


Entree Resources Equity-to-Asset Related Terms

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


Entree Resources (Entree Resources) Business Description

Traded in Other Exchanges
Address
1066 West Hastings Street, Oceanic Plaza, Suite 1650, Vancouver, BC, CAN, V6E 3X1
Entree Resources Ltd is a Canadian mining company that owns a joint venture interest in a significant portion of the copper-gold-molybdenum deposit - the Oyu Tolgoi project in Mongolia. The company's interest in the Entree/Oyu Tolgoi joint venture has the characteristics of royalty, with the benefits of a producer. Entree's good financial position and high-quality asset portfolio provide a solid foundation and flexibility for growth.
Executives
Tinto Plc Rio 10 percent owner RIO TINTO SERVICES INC., 80 STATE STREET, ALBANY NY 12207-2543