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Torchlight Energy Resources (Torchlight Energy Resources) Equity-to-Asset : 0.99 (As of Mar. 2021)


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What is Torchlight Energy Resources Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Torchlight Energy Resources's Total Stockholders Equity for the quarter that ended in Mar. 2021 was $55.30 Mil. Torchlight Energy Resources's Total Assets for the quarter that ended in Mar. 2021 was $56.02 Mil. Therefore, Torchlight Energy Resources's Equity to Asset Ratio for the quarter that ended in Mar. 2021 was 0.99.

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

TRCH's Equity-to-Asset is not ranked *
in the Oil & Gas industry.
Industry Median: 0.51
* Ranked among companies with meaningful Equity-to-Asset only.

Torchlight Energy Resources Equity-to-Asset Historical Data

The historical data trend for Torchlight Energy 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.

Torchlight Energy Resources Equity-to-Asset Chart

Torchlight Energy Resources Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.58 0.56 0.47 0.37 0.39

Torchlight Energy Resources Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.42 0.47 0.44 0.39 0.99

Competitive Comparison of Torchlight Energy Resources's Equity-to-Asset

For the Oil & Gas E&P subindustry, Torchlight Energy 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.


Torchlight Energy Resources's Equity-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Torchlight Energy Resources's Equity-to-Asset distribution charts can be found below:

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



Torchlight Energy 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.

Torchlight Energy Resources's Equity to Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Equity to Asset (A: Dec. 2020 )=Total Stockholders Equity/Total Assets
=12.643/32.397
=0.39

Torchlight Energy Resources's Equity to Asset Ratio for the quarter that ended in Mar. 2021 is calculated as

Equity to Asset (Q: Mar. 2021 )=Total Stockholders Equity/Total Assets
=55.303/56.015
=0.99

* 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.


Torchlight Energy Resources  (NAS:TRCH) 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%.


Torchlight Energy Resources Equity-to-Asset Related Terms

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


Torchlight Energy Resources (Torchlight Energy Resources) Business Description

Traded in Other Exchanges
N/A
Address
5700 W. Plano Parkway, Suite 3600, Plano, TX, USA, 75093
Torchlight Energy Resources Inc acquires, explores, exploits, and develops oil and natural gas properties in the United States. It is primarily focused on the acquisition of early-stage projects, the development and delineation of the projects, and then the monetization of those assets once these activities are completed. The firm's primary interests include the Orogrande Project in Hudspeth County, Texas and the Hazel Project in the Midland Basin.
Executives
Alexandre Zyngier director 5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Greg Mccabe director, 10 percent owner 500 WEST TEXAS AVE., SUITE 890, MIDLAND TX 79701
Roger N Wurtele officer: Chief Financial Officer 5700 WEST PLANO PARKWAY, SUITE 3600, PLANO TX 75093
John A. Brda director, officer: President and CEO 1425 FRONTENAY, WARSON WOODS MO 63122
Michael James Graves director 5700 PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Robert Lance Cook director 5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75903
Robert David Newton director 5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Mccabe Petroleum Corp 10 percent owner P.O. BOX 11188, MIDLAND TX 79702
Ernest Scott Kimbrough director 5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Shockey Eunis Lorance Jr director 10827 STONE CANYON ROAD, DALLAS TX 75230
Mcandrew Willard Greer Iii other: Former Officer and Director 5700 WEST PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Jerry D Barney 10 percent owner 841 ANDREW RUN, CANYON LAKE TX 78133
Edward J Devereaux director 1713 VILLA COURT, CORINTH TX 76210
G Mc Exploration, Llc 10 percent owner 400 PINE STREET, SUITE 700, ABILENE TX 79601
Robert Kenneth Dulin 10 percent owner 8449 GREENWOOD DRIVE, NIWOT CO 80503