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Slam Exploration (Slam Exploration) Liabilities-to-Assets : 0.37 (As of Oct. 2023)


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What is Slam Exploration Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Slam Exploration's Total Liabilities for the quarter that ended in Oct. 2023 was $0.43 Mil. Slam Exploration's Total Assets for the quarter that ended in Oct. 2023 was $1.17 Mil. Therefore, Slam Exploration's Liabilities-to-Assets Ratio for the quarter that ended in Oct. 2023 was 0.37.


Slam Exploration Liabilities-to-Assets Historical Data

The historical data trend for Slam Exploration's Liabilities-to-Assets 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.

Slam Exploration Liabilities-to-Assets Chart

Slam Exploration Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.47 1.40 0.43 0.28 0.35

Slam Exploration Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
Liabilities-to-Assets 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 0.35 0.35 0.41 0.32 0.37

Competitive Comparison of Slam Exploration's Liabilities-to-Assets

For the Gold subindustry, Slam Exploration'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.


Slam Exploration's Liabilities-to-Assets Distribution in the Metals & Mining Industry

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

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



Slam Exploration 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.

Slam Exploration's Liabilities-to-Assets Ratio for the fiscal year that ended in Jan. 2023 is calculated as:

Liabilities-to-Assets (A: Jan. 2023 )=Total Liabilities/Total Assets
=0.434/1.248
=0.35

Slam Exploration's Liabilities-to-Assets Ratio for the quarter that ended in Oct. 2023 is calculated as

Liabilities-to-Assets (Q: Oct. 2023 )=Total Liabilities/Total Assets
=0.426/1.168
=0.36

* 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.


Slam Exploration  (OTCPK:SLMXF) 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.


Slam Exploration Liabilities-to-Assets Related Terms

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Slam Exploration (Slam Exploration) Business Description

Traded in Other Exchanges
Address
295 Hutchison Drive, Miramichi, NB, CAN, E1V 6C7
Slam Exploration Ltd is a mineral resource company. Principally, it is engaged in the acquisition, exploration, and development of exploration and evaluation properties in New Brunswick, Nova Scotia, and Ontario, Canada. Some of the company's properties are Menneval Gold Project, Mt. Victor Property, and others.

Slam Exploration (Slam Exploration) Headlines

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