Sorrento Resources (Sorrento Resources) Total Stockholders Equity : $0.64 Mil (As of Mar. 2024)

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What is Sorrento Resources Total Stockholders Equity?

Sorrento Resources's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $0.64 Mil. It refers to the net assets owned by shareholders. It does not include minority interest.

Total Stockholders Equity is used to calculate Book Value per Share. Sorrento Resources's Book Value per Share for the quarter that ended in Mar. 2024 was $0.03. The ratio of a company's debt over equity can be used to measure how leveraged this company is. Sorrento Resources's Debt-to-Equity for the quarter that ended in Mar. 2024 was 0.00.

Sorrento Resources Total Stockholders Equity Historical Data

The historical data trend for Sorrento Resources's Total Stockholders Equity 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.

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Sorrento Resources Total Stockholders Equity Chart

Sorrento Resources Annual Data

Trend

Jun22

Jun23

Total Stockholders Equity

0.22

0.77

Sorrento Resources Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Stockholders Equity	Get a 7-Day Free Trial					0.65	0.77	0.59	0.69	0.64

Sorrento Resources (OTCPK:SRSLF) Total Stockholders Equity Explanation

1. Total Stockholders Equity is used to calculate Book Value per Share.

Sorrento Resources's Book Value per Share for the quarter that ended in Mar. 2024 is

Book Value per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(0.643	-	0)	/	19.4086
	=	0.03

2. The ratio of a company's debt over equity can be used to measure how leveraged this company is.

Sorrento Resources's Debt-to-Equity for the quarter that ended in Mar. 2024 is

Debt-to-Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	0)	/	0.643
	=	0.00

Sorrento Resources Total Stockholders Equity Related Terms

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Sorrento Resources (Sorrento Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sorrento Resources Ltd (OTCPK:SRSLF) » Definitions » Total Stockholders Equity

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Traded in Other Exchanges

SRS:Canada

Address

9285 - 203B Street, Langley, BC, CAN, V1M 2L9

Website

https://www.sorrentoresources.ca

Sorrento Resources Ltd engages in the exploration, development, and exploitation of mineral resources in Canada. Its projects include Wing Pond project, Harmsworth project, PEG lithium project, Silver Mountain project and others.

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