Gold Bull Resources (TSXV:GBRC) Equity-to-Asset : 1.00 (As of Dec. 2023)

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What is Gold Bull Resources Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Gold Bull Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$17.28 Mil. Gold Bull Resources's Total Assets for the quarter that ended in Dec. 2023 was C$17.33 Mil.

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

TSXV:GBRC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.71 Med: 0.89 Max: 1
Current: 1

During the past 13 years, the highest Equity to Asset Ratio of Gold Bull Resources was 1.00. The lowest was 0.71. And the median was 0.89.

TSXV:GBRC's Equity-to-Asset is ranked better than
99.19% of 2710 companies
in the Metals & Mining industry
Industry Median: 0.8 vs TSXV:GBRC: 1.00

Gold Bull Resources Equity-to-Asset Historical Data

The historical data trend for Gold Bull Resources'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 Bull Resources Equity-to-Asset Chart

Gold Bull Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Equity-to-Asset

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0.86

0.84

0.99

1.00

Gold Bull Resources 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															1.00	1.00	1.00	1.00	1.00

Competitive Comparison of Gold Bull Resources's Equity-to-Asset

For the Gold subindustry, Gold Bull Resources'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 Bull Resources's Equity-to-Asset Distribution in the Metals & Mining Industry

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

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

Gold Bull Resources 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 Bull Resources's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	17.752	/	17.816
	=

Gold Bull Resources'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
	=	17.278	/	17.332
	=

Gold Bull Resources (TSXV:GBRC) 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 Bull Resources Equity-to-Asset Related Terms

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

Gold Bull Resources (TSXV:GBRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Bull Resources Corp (TSXV:GBRC) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

GBRCF:USA G3G:Germany

Address

1030 West Georgia Street, Suite 717, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.goldbull.ca

Gold Bull Resources Corp is a gold focused mineral exploration company. It strives to generate and advance high-reward project acquisitions in regions with proven mineral wealth. Gold Bull's mission is to grow into a US focused mid-tier gold development company. The company's exploration hub is based in Nevada, USA, a top-tier mineral district that contain significant historical production, existing mining infrastructure and an established mining culture. The company's objective is to generate stakeholder value and superior investment returns through the discovery and responsible development of mineral resources.

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