Peak Minerals (XCNQ:PEK) Equity-to-Asset : -0.47 (As of Dec. 2023)

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What is Peak Minerals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Peak Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-0.01 Mil. Peak Minerals's Total Assets for the quarter that ended in Dec. 2023 was C$0.02 Mil.

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

XCNQ:PEK' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.47 Med: 0.92 Max: 1
Current: -0.47

During the past 3 years, the highest Equity to Asset Ratio of Peak Minerals was 1.00. The lowest was -0.47. And the median was 0.92.

XCNQ:PEK's Equity-to-Asset is ranked worse than
91% of 2711 companies
in the Metals & Mining industry
Industry Median: 0.8 vs XCNQ:PEK: -0.47

Peak Minerals Equity-to-Asset Historical Data

The historical data trend for Peak 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.

Peak Minerals Equity-to-Asset Chart

Peak Minerals Annual Data

Trend

Sep21

Sep22

Sep23

Equity-to-Asset

0.69

0.83

-0.09

Peak Minerals Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial				0.92	0.94	1.00	-0.09	-0.47

Competitive Comparison of Peak Minerals's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Peak 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.

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

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

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

Peak 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.

Peak Minerals's Equity to Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Equity to Asset (A: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-0.002	/	0.023
	=

Peak Minerals'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
	=	-0.007	/	0.015
	=

Peak Minerals (XCNQ:PEK) 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%.

Peak Minerals Equity-to-Asset Related Terms

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

Peak Minerals (XCNQ:PEK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Peak Minerals Ltd (XCNQ:PEK) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

Peak Minerals Ltd is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. The company's properties include Aida Property consists located on the Shuswap Highland within the Kamloops Mining Division.