GoldMoney (TSX:XAU) Equity-to-Asset : 0.80 (As of Dec. 2023)

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What is GoldMoney Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. GoldMoney's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$174.2 Mil. GoldMoney's Total Assets for the quarter that ended in Dec. 2023 was C$218.1 Mil. Therefore, GoldMoney's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.80.

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

TSX:XAU' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.78 Med: 0.96 Max: 0.99
Current: 0.8

During the past 11 years, the highest Equity to Asset Ratio of GoldMoney was 0.99. The lowest was 0.78. And the median was 0.96.

TSX:XAU's Equity-to-Asset is ranked better than
73.23% of 807 companies
in the Capital Markets industry
Industry Median: 0.49 vs TSX:XAU: 0.80

GoldMoney Equity-to-Asset Historical Data

The historical data trend for GoldMoney'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.

GoldMoney Equity-to-Asset Chart

GoldMoney Annual Data

Trend

Sep13

Sep14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

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0.97

0.93

0.95

0.99

0.98

GoldMoney 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															0.98	0.98	0.99	0.99	0.80

Competitive Comparison of GoldMoney's Equity-to-Asset

For the Capital Markets subindustry, GoldMoney'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.

GoldMoney's Equity-to-Asset Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, GoldMoney's Equity-to-Asset distribution charts can be found below:

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

GoldMoney 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.

GoldMoney's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	172.544	/	176.051
	=	0.98

GoldMoney'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
	=	174.206	/	218.133
	=	0.80

GoldMoney (TSX:XAU) 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%.

GoldMoney Equity-to-Asset Related Terms

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

GoldMoney (TSX:XAU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » GoldMoney Inc (TSX:XAU) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

XAUMF:USA 9BT0:Germany

Address

334 Adelaide Street West, Suite 307, Toronto, ON, CAN, M5V 1R4

Website

https://www.goldmoney.com

GoldMoney Inc is engaged in precious metal focused global business. It operates through subsidiaries and is engaged in precious metal sales to its clients, including arranging delivery and storage of precious metals for its clients, coin retailing, and lending. Goldmoney has a client base in more than a hundred countries and holds precious metal assets. The company's operating subsidiaries include Goldmoney.com and SchiffGold.com. In addition to the company's principal business segments, the company holds a significant interest in Mene Inc., which crafts pure 24-karat gold and platinum investment jewelry that is sold by gram weight. Through these businesses and other investment activities, the firm gains long-term exposure to precious metals.

Executives

Roy Sebag

10% Security Holder, Director, Senior Officer

GoldMoney (TSX:XAU) Headlines

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