Gold Flora (NEOE:GRAM) Equity-to-Asset : -0.09 (As of Mar. 2024)

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What is Gold Flora Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Gold Flora's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$-28.2 Mil. Gold Flora's Total Assets for the quarter that ended in Mar. 2024 was C$298.6 Mil. Therefore, Gold Flora's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was -0.09.

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

NEOE:GRAM' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.15 Med: -0.06 Max: 0.12
Current: -0.09

During the past 2 years, the highest Equity to Asset Ratio of Gold Flora was 0.12. The lowest was -0.15. And the median was -0.06.

NEOE:GRAM's Equity-to-Asset is ranked worse than
86.27% of 51 companies
in the Tobacco Products industry
Industry Median: 0.44 vs NEOE:GRAM: -0.09

Gold Flora Equity-to-Asset Historical Data

The historical data trend for Gold Flora'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.

Gold Flora Equity-to-Asset Chart

Gold Flora Annual Data

Trend

Dec22

Dec23

Equity-to-Asset

-0.15

-0.03

Gold Flora Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial			-0.15	-	0.12	-0.03	-0.09

Competitive Comparison of Gold Flora's Equity-to-Asset

For the Tobacco subindustry, Gold Flora'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.

Gold Flora's Equity-to-Asset Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Gold Flora's Equity-to-Asset distribution charts can be found below:

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

Gold Flora 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.

Gold Flora's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-9.904	/	303.693
	=	-0.03

Gold Flora's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	-28.195	/	298.618
	=	-0.09

Gold Flora (NEOE:GRAM) 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%.

Gold Flora Equity-to-Asset Related Terms

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

Gold Flora (NEOE:GRAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Gold Flora Corp (NEOE:GRAM) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

GRAM:USA

Address

3165 Red Hill Avenue, Costa Mesa, CA, USA, 92626

Website

https://www.goldflora.com

Gold Flora Corp is one of the few cannabis brands that is vertically integrated and woman-owned and operated. Gold Flora started with a mission to provide an easy and consistent way for consumers to enjoy cannabis. After years of hard work and a shared passion for the plant, Gold Flora has become a California powerhouse - with cultivation, manufacturing, extraction, distribution, retail and a portfolio of brands that create an array of superior products that make a difference in people's lives. Its products include disposable vape pens and gold flora flowers.

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