NEO Battery Materials (NEO Battery Materials) Equity-to-Asset

: 0.79 (As of Nov. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. NEO Battery Materials's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $2.98 Mil. NEO Battery Materials's Total Assets for the quarter that ended in Nov. 2023 was $3.79 Mil.

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

NBMFF' s Equity-to-Asset Range Over the Past 10 Years
Min: -1.12 Med: 0.82 Max: 0.93
Current: 0.79

During the past 13 years, the highest Equity to Asset Ratio of NEO Battery Materials was 0.93. The lowest was -1.12. And the median was 0.82.

NBMFF's Equity-to-Asset is ranked worse than
51.06% of 2701 companies
in the Metals & Mining industry
Industry Median: 0.8 vs NBMFF: 0.79

NEO Battery Materials Equity-to-Asset Historical Data

The historical data trend for NEO Battery Materials'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.

NEO Battery Materials Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Equity-to-Asset

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-0.67

0.21

-1.12

0.90

0.61

NEO Battery Materials Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Equity-to-Asset	Get a 7-Day Free Trial															0.63	0.61	0.57	0.48	0.79

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, NEO Battery Materials'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.

NEO Battery Materials Equity-to-Asset Distribution

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

* The bar in red indicates where NEO Battery Materials's Equity-to-Asset falls into.

NEO Battery Materials 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.

NEO Battery Materials's Equity to Asset Ratio for the fiscal year that ended in Feb. 2023 is calculated as

Equity to Asset (A: Feb. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1.406	/	2.325
	=

NEO Battery Materials's Equity to Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

Equity to Asset (Q: Nov. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	2.981	/	3.786
	=

NEO Battery Materials (OTCPK:NBMFF) 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%.

NEO Battery Materials Equity-to-Asset Related Terms

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NEO Battery Materials (NEO Battery Materials) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NEO Battery Materials Ltd (OTCPK:NBMFF) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

NBM:Canada

Address

4711 Younge Street, 10th Floor, Toronto, ON, CAN, M2N 6K8

Website

https://www.neobatterymaterials.com

NEO Battery Materials Ltd is a junior resource company focused on battery metals exploration in North America. It currently has an interest in Golden, British Columbia, along with a strike with a quartzite bed. The company explores and produces silicon and provides improvements in capacity and efficiency over lithium-ion batteries using silicon and graphite in their anode materials. It intends to become an integrated silicon producer and anode materials supplier to the electric vehicle industry.