New Break Resources (XCNQ:NBRK) Equity-to-Asset : 0.79 (As of Dec. 2023)

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What is New Break Resources Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. New Break Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$0.78 Mil. New Break Resources's Total Assets for the quarter that ended in Dec. 2023 was C$0.99 Mil.

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

XCNQ:NBRK' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.73 Med: 0.79 Max: 0.85
Current: 0.79

During the past 3 years, the highest Equity to Asset Ratio of New Break Resources was 0.85. The lowest was 0.73. And the median was 0.79.

XCNQ:NBRK's Equity-to-Asset is ranked worse than
50.5% of 2709 companies
in the Metals & Mining industry
Industry Median: 0.8 vs XCNQ:NBRK: 0.79

New Break Resources Equity-to-Asset Historical Data

The historical data trend for New Break 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.

New Break Resources Equity-to-Asset Chart

New Break Resources Annual Data

Trend

Dec21

Dec22

Dec23

Equity-to-Asset

0.73

0.85

0.79

New Break Resources Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial						0.85	0.88	0.86	0.80	0.79

Competitive Comparison of New Break Resources's Equity-to-Asset

For the Gold subindustry, New Break 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.

New Break Resources's Equity-to-Asset Distribution in the Metals & Mining Industry

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

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

New Break 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.

New Break Resources'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
	=	0.78	/	0.987
	=

New Break 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
	=	0.78	/	0.987
	=

New Break Resources (XCNQ:NBRK) 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%.

New Break Resources Equity-to-Asset Related Terms

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

New Break Resources (XCNQ:NBRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Break Resources Ltd (XCNQ:NBRK) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 King Street East, Suite 902, Toronto, CAN, M5C 1C4

Website

https://www.newbreakresources.ca

New Break Resources Ltd is a Canadian mineral exploration and development company. The Company is engaged in the acquisition, exploration, and evaluation of mineral properties in Canada. New Break is focused on gold exploration at its Moray Gold Project, located 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine operated by Alamos Gold Inc. and at its four projects in Kivalliq Region, Nunavut, including the Sundog Gold Project and Esker Gold Project.

Executives

William Donald Love

Senior Officer

New Break Resources (XCNQ:NBRK) Headlines

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