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Stornoway Diamond (Stornoway Diamond) Liabilities-to-Assets : 1.18 (As of Jun. 2019)


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What is Stornoway Diamond 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. Stornoway Diamond's Total Liabilities for the quarter that ended in Jun. 2019 was $519.4 Mil. Stornoway Diamond's Total Assets for the quarter that ended in Jun. 2019 was $440.8 Mil. Therefore, Stornoway Diamond's Liabilities-to-Assets Ratio for the quarter that ended in Jun. 2019 was 1.18.


Stornoway Diamond Liabilities-to-Assets Historical Data

The historical data trend for Stornoway Diamond'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.

Stornoway Diamond Liabilities-to-Assets Chart

Stornoway Diamond Annual Data
Trend Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 Dec16 Dec17 Dec18
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.30 0.39 0.47 0.54 0.75

Stornoway Diamond Quarterly Data
Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 0.59 0.61 0.75 0.78 1.18

Competitive Comparison of Stornoway Diamond's Liabilities-to-Assets

For the Other Precious Metals & Mining subindustry, Stornoway Diamond'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.


Stornoway Diamond's Liabilities-to-Assets Distribution in the Metals & Mining Industry

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

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



Stornoway Diamond 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.

Stornoway Diamond's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2018 is calculated as:

Liabilities-to-Assets (A: Dec. 2018 )=Total Liabilities/Total Assets
=630.942/843.333
=0.75

Stornoway Diamond's Liabilities-to-Assets Ratio for the quarter that ended in Jun. 2019 is calculated as

Liabilities-to-Assets (Q: Jun. 2019 )=Total Liabilities/Total Assets
=519.431/440.78
=1.18

* 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.


Stornoway Diamond  (OTCPK:SWYDF) 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.


Stornoway Diamond Liabilities-to-Assets Related Terms

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Stornoway Diamond (Stornoway Diamond) Business Description

Traded in Other Exchanges
N/A
Address
1111 St. Charles Street West, Tour Ouest, Suite 400, Longueuil, QC, CAN, J4K 5G4
Stornoway Diamond Corp is a leading Canadian diamond exploration and producing company. Its principal business is the development of its flagship asset, the fully-owned Renard Mine, located in Quebec, Canada. The company intends to grow its business through the exploration and development of its mines. Stornoway also holds interests in a portfolio of exploration assets across Canada through owned properties and joint ventures. These properties and joint ventures include projects such as Adamantin, Qilalugaq and Pikoo.

Stornoway Diamond (Stornoway Diamond) Headlines

From GuruFocus

Stornoway Granted Approval and Vesting Order

By GlobeNewswire GlobeNewswire 10-07-2019

Stornoway Announces Recommencement of Renard Mine Operations

By GlobeNewswire GlobeNewswire 07-04-2018

Stornoway Receives Notice of Delisting Review by TSX

By GlobeNewswire GlobeNewswire 08-22-2019

Stornoway Announces Board Appointment

By GlobeNewswire GlobeNewswire 06-13-2018