E-Tech Resources (TSXV:REE) Equity-to-Asset : 0.92 (As of Dec. 2023)

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What is E-Tech Resources Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. E-Tech Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$4.80 Mil. E-Tech Resources's Total Assets for the quarter that ended in Dec. 2023 was C$5.24 Mil.

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

TSXV:REE' s Equity-to-Asset Range Over the Past 10 Years
Min: -10.08 Med: 0.93 Max: 0.98
Current: 0.92

During the past 6 years, the highest Equity to Asset Ratio of E-Tech Resources was 0.98. The lowest was -10.08. And the median was 0.93.

TSXV:REE's Equity-to-Asset is ranked better than
70.07% of 2716 companies
in the Metals & Mining industry
Industry Median: 0.79 vs TSXV:REE: 0.92

E-Tech Resources Equity-to-Asset Historical Data

The historical data trend for E-Tech 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.

E-Tech Resources Equity-to-Asset Chart

E-Tech Resources Annual Data

Trend

Apr18

Apr19

Apr20

Apr21

Mar22

Mar23

Equity-to-Asset

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0.97

0.98

0.83

0.93

E-Tech Resources Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.95	0.93	0.93	0.92	0.92

Competitive Comparison of E-Tech Resources's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, E-Tech 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.

E-Tech Resources's Equity-to-Asset Distribution in the Metals & Mining Industry

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

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

E-Tech 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.

E-Tech Resources's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	4.617	/	4.983
	=

E-Tech 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
	=	4.798	/	5.235
	=

E-Tech Resources (TSXV:REE) 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%.

E-Tech Resources Equity-to-Asset Related Terms

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