Volta Metals (XCNQ:VLTA) Equity-to-Asset : 0.85 (As of Mar. 2024)

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What is Volta Metals Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Volta Metals's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$0.98 Mil. Volta Metals's Total Assets for the quarter that ended in Mar. 2024 was C$1.15 Mil.

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

XCNQ:VLTA' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.73 Med: 0.85 Max: 0.93
Current: 0.85

During the past 2 years, the highest Equity to Asset Ratio of Volta Metals was 0.93. The lowest was -0.73. And the median was 0.85.

XCNQ:VLTA's Equity-to-Asset is ranked better than
56.97% of 2710 companies
in the Metals & Mining industry
Industry Median: 0.8 vs XCNQ:VLTA: 0.85

Volta Metals Equity-to-Asset Historical Data

The historical data trend for Volta Metals'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.

Volta Metals Equity-to-Asset Chart

Volta Metals Annual Data

Trend

Dec22

Dec23

Equity-to-Asset

0.54

0.91

Volta Metals Quarterly Data
	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial			-0.73	0.93	0.86	0.91	0.85

Competitive Comparison of Volta Metals's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Volta Metals'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.

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

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

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

Volta Metals 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.

Volta Metals'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
	=	1.123	/	1.237
	=

Volta Metals's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	0.975	/	1.15
	=

Volta Metals (XCNQ:VLTA) 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%.

Volta Metals Equity-to-Asset Related Terms

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

Volta Metals (XCNQ:VLTA) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

D0W:Germany

Address

390 Bay Street, Suite 700a, Toronto, ON, CAN, M5H 2Y2

Website

https://www.voltametals.ca

Volta Metals Ltd is a mineral exploration company focused on lithium, cesium and tantalum exploration in Canada, and led by a group of mining professionals. It is currently exploring a critical minerals portfolio of lithium, cesium and tantalum projects in northwestern Ontario, which is considered to be one of the more prolific emerging hard-rock lithium districts globally. The company's projects include Flacon west project, Root Project, White Lights Project, Kim Lake & Store Lake Project, Junior Lake Project, and Crescent Lake Project.

Executives

Kerem Usenmez

Senior Officer