Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Ivanhoe Electric's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $331.50 Mil. Ivanhoe Electric's Total Assets for the quarter that ended in Mar. 2024 was $461.16 Mil.
Therefore, Ivanhoe Electric's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.72.
The historical rank and industry rank for Ivanhoe Electric's Equity-to-Asset or its related term are showing as below:
IE'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.05 Med: 0.73 Max: 0.83
Current: 0.72
During the past 5 years, the highest Equity to Asset Ratio of Ivanhoe Electric was 0.83. The lowest was 0.05. And the median was 0.73.
IE's Equity-to-Asset is ranked worse than 57.67% of 2707
companies
in the Metals & Mining industry
Industry Median: 0.8
vs IE: 0.72
Ivanhoe Electric Equity-to-Asset Historical Data
The historical data trend for Ivanhoe Electric'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.
Competitive Comparison of Ivanhoe Electric's Equity-to-Asset
For the Copper subindustry, Ivanhoe Electric'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.
Ivanhoe Electric's Equity-to-Asset Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Ivanhoe Electric's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Ivanhoe Electric's Equity-to-Asset falls into.
Ivanhoe Electric 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.
Ivanhoe Electric's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Ivanhoe Electric (AMEX:IE) 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%.
Ivanhoe Electric Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Ivanhoe Electric's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Ivanhoe Electric (Ivanhoe Electric) Business Description
Ivanhoe Electric Inc is a United States-based minerals exploration and development company with a focus on developing mines from mineral deposits located in the United States. The company has three reportable segments; Critical metals segment is focused on mineral project exploration and development with a focus on identifying and developing mineral projects, and ultimately mines, associated with the metals necessary for electrification, The data processing segment provides data analytics, geophysical modeling, and artificial intelligence services for the mineral, oil & gas and water exploration industries, and The energy storage segment develops, manufactures and installs vanadium flow batteries for grid-scale energy storage. It derives a majority of its revenue from Canada.
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