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Silver Spruce Resources (Silver Spruce Resources) Liabilities-to-Assets : 1.27 (As of Jan. 2024)


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What is Silver Spruce Resources 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. Silver Spruce Resources's Total Liabilities for the quarter that ended in Jan. 2024 was $0.22 Mil. Silver Spruce Resources's Total Assets for the quarter that ended in Jan. 2024 was $0.17 Mil. Therefore, Silver Spruce Resources's Liabilities-to-Assets Ratio for the quarter that ended in Jan. 2024 was 1.27.


Silver Spruce Resources Liabilities-to-Assets Historical Data

The historical data trend for Silver Spruce Resources'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.

Silver Spruce Resources Liabilities-to-Assets Chart

Silver Spruce Resources Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.48 0.08 0.21 0.92 0.52

Silver Spruce Resources Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 1.71 0.40 0.33 0.52 1.27

Competitive Comparison of Silver Spruce Resources's Liabilities-to-Assets

For the Other Industrial Metals & Mining subindustry, Silver Spruce Resources'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.


Silver Spruce Resources's Liabilities-to-Assets Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Silver Spruce Resources's Liabilities-to-Assets falls into.



Silver Spruce Resources 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.

Silver Spruce Resources's Liabilities-to-Assets Ratio for the fiscal year that ended in Oct. 2023 is calculated as:

Liabilities-to-Assets (A: Oct. 2023 )=Total Liabilities/Total Assets
=0.155/0.3
=0.52

Silver Spruce Resources's Liabilities-to-Assets Ratio for the quarter that ended in Jan. 2024 is calculated as

Liabilities-to-Assets (Q: Jan. 2024 )=Total Liabilities/Total Assets
=0.215/0.17
=1.26

* 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.


Silver Spruce Resources  (OTCPK:SSEBF) 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.


Silver Spruce Resources Liabilities-to-Assets Related Terms

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Silver Spruce Resources (Silver Spruce Resources) Business Description

Traded in Other Exchanges
Address
1600 Bedford Highway, Suite 440, Bedford, NS, CAN, B4A 1E8
Silver Spruce Resources Inc is a Canada-based company focused on exploration for precious and base minerals. The flagship project Pino de Plata located in Chihuahua state Mexico is a high-grade silver project with noteworthy gold, lead, and zinc credits. Its other projects include El Mezquite, Melchett Lake and Pope's Hill.

Silver Spruce Resources (Silver Spruce Resources) Headlines

From GuruFocus

Silver Spruce Announces Private Placement of up to $700,000

By ACCESSWIRE ACCESSWIRE 02-27-2023

Silver Spruce Announces Resignation of Chief Financial Officer

By ACCESSWIRE ACCESSWIRE 05-01-2023