Omega Pacific Resources (XCNQ:OMGA) Equity-to-Asset : 0.97 (As of Jan. 2024)

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What is Omega Pacific Resources Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Omega Pacific Resources's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$0.41 Mil. Omega Pacific Resources's Total Assets for the quarter that ended in Jan. 2024 was C$0.42 Mil.

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

XCNQ:OMGA' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.86 Med: 0.94 Max: 0.97
Current: 0.97

During the past 1 years, the highest Equity to Asset Ratio of Omega Pacific Resources was 0.97. The lowest was 0.86. And the median was 0.94.

XCNQ:OMGA's Equity-to-Asset is ranked better than
87.59% of 2707 companies
in the Metals & Mining industry
Industry Median: 0.8 vs XCNQ:OMGA: 0.97

Omega Pacific Resources Equity-to-Asset Historical Data

The historical data trend for Omega Pacific 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.

Omega Pacific Resources Equity-to-Asset Chart

Omega Pacific Resources Annual Data

Trend

Oct22

Equity-to-Asset

0.96

Omega Pacific Resources Quarterly Data
	Jan23	Apr23	Jul23	Jan24
Equity-to-Asset	0.92	0.86	0.96	0.97

Competitive Comparison of Omega Pacific Resources's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Omega Pacific 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.

Omega Pacific Resources's Equity-to-Asset Distribution in the Metals & Mining Industry

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

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

Omega Pacific 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.

Omega Pacific Resources's Equity to Asset Ratio for the fiscal year that ended in Oct. 2022 is calculated as

Equity to Asset (A: Oct. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	0.514	/	0.533
	=

Omega Pacific Resources'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
	=	0.411	/	0.422
	=

Omega Pacific Resources (XCNQ:OMGA) 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%.

Omega Pacific Resources Equity-to-Asset Related Terms

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

Omega Pacific Resources (XCNQ:OMGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Omega Pacific Resources Inc (XCNQ:OMGA) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

Q0F:Germany

Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

Omega Pacific Resources Inc is engaged in the business of mineral exploration in Canada. It mainly engages in the acquisition, exploration, and development of mineral exploration properties. It holds an interest in the Lekcin property located in the New Westminster Mining Division, British Columbia, Canada.