Norandaome Fund (Norandaome Fund) Liabilities-to-Assets : 0.71 (As of Sep. 2022)

Norandaome Fund Liabilities-to-Assets Chart

Norandaome Fund Annual Data
	Trend	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21
Liabilities-to-Assets		Get a 7-Day Free Trial					0.69	0.62	0.62	0.69	0.78

Norandaome Fund Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Liabilities-to-Assets	Get a 7-Day Free Trial															0.68	0.78	0.85	0.73	0.71

Competitive Comparison of Norandaome Fund's Liabilities-to-Assets

For the Other Industrial Metals & Mining subindustry, Norandaome Fund's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.

Norandaome Fund's Liabilities-to-Assets Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Norandaome Fund's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Norandaome Fund's Liabilities-to-Assets falls into.

Norandaome Fund Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Norandaome Fund's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

Norandaome Fund's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2022 is calculated as

* 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.

Norandaome Fund  (OTCPK:NNDIF) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.

Norandaome Fund Liabilities-to-Assets Related Terms

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Norandaome Fund (Norandaome Fund) Business Description