Live Energy Minerals (XCNQ:LIVE) Equity-to-Asset : 0.97 (As of Jan. 2024)

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What is Live Energy Minerals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Live Energy Minerals's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$1.50 Mil. Live Energy Minerals's Total Assets for the quarter that ended in Jan. 2024 was C$1.56 Mil.

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

XCNQ:LIVE' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.91 Med: 0.96 Max: 1
Current: 0.97

During the past 3 years, the highest Equity to Asset Ratio of Live Energy Minerals was 1.00. The lowest was 0.91. And the median was 0.96.

XCNQ:LIVE's Equity-to-Asset is ranked better than
87.71% of 2710 companies
in the Metals & Mining industry
Industry Median: 0.8 vs XCNQ:LIVE: 0.97

Live Energy Minerals Equity-to-Asset Historical Data

The historical data trend for Live Energy Minerals'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.

Live Energy Minerals Equity-to-Asset Chart

Live Energy Minerals Annual Data

Trend

Oct21

Oct22

Oct23

Equity-to-Asset

0.97

0.94

0.97

Live Energy Minerals Quarterly Data
	Apr21	Jul21	Oct21	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Equity-to-Asset	Get a 7-Day Free Trial						-	0.96	0.95	0.97	0.97

Competitive Comparison of Live Energy Minerals's Equity-to-Asset

For the Gold subindustry, Live Energy Minerals'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.

Live Energy Minerals's Equity-to-Asset Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Live Energy Minerals's Equity-to-Asset falls into.

Live Energy Minerals 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.

Live Energy Minerals's Equity to Asset Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Equity to Asset (A: Oct. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1.542	/	1.595
	=

Live Energy Minerals's Equity to Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

Equity to Asset (Q: Jan. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	1.503	/	1.558
	=

Live Energy Minerals (XCNQ:LIVE) 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%.

Live Energy Minerals Equity-to-Asset Related Terms

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

Live Energy Minerals (XCNQ:LIVE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Live Energy Minerals Corp (XCNQ:LIVE) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

GTREF:USA

Address

810 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2

Website

https://www.liveenergyminerals.com

Live Energy Minerals Corp is an exploration of resource properties. It holds interests in the Skygold Project located in the Cariboo Placer Region in British Columbia and also has the McDermitt Lithium Property. The company has one business segment the exploration of resource properties, in two geographic locations Canada and the United States.