Minto Metals (TSXV:MNTO) Equity-to-Asset

: -0.20 (As of Dec. 2022)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Minto Metals's Total Stockholders Equity for the quarter that ended in Dec. 2022 was C$-25.1 Mil. Minto Metals's Total Assets for the quarter that ended in Dec. 2022 was C$124.9 Mil. Therefore, Minto Metals's Equity to Asset Ratio for the quarter that ended in Dec. 2022 was -0.20.

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

TSXV:MNTO's Equity-to-Asset is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.81
* Ranked among companies with meaningful Equity-to-Asset only.

Minto Metals Equity-to-Asset Historical Data

The historical data trend for Minto 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.

Minto Metals Annual Data

Trend

Dec20

Dec21

Dec22

Equity-to-Asset

-0.23

-0.14

-0.20

Minto Metals Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Equity-to-Asset					-0.14	-	-0.07	-0.14	-0.20

Competitive Comparison

For the Copper subindustry, Minto 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.

Minto Metals Equity-to-Asset Distribution

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

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

Minto 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.

Minto Metals's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	-25.126	/	124.865
	=	-0.20

Minto Metals's Equity to Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

Equity to Asset (Q: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	-25.126	/	124.865
	=	-0.20

Minto Metals (TSXV:MNTO) 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%.

Minto Metals Equity-to-Asset Related Terms

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Minto Metals (TSXV:MNTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Minto Metals Corp (TSXV:MNTO) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

61 Wasson Place, Whitehorse, YT, CAN, Y1A 0H7

Website

https://www.mintometals.com

Minto Metals Corp operates in the mining industry. The company's current mine operations are based on underground mining, a process plant to produce high-grade copper, gold and silver concentrate. The group is performing its mining and milling activities from the Copper Keel ore body. It has one segment for reporting which is the operations at the Company's Canadian Mine location.

Minto Metals (TSXV:MNTO) Headlines

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