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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. Solitario Resources's Total Liabilities for the quarter that ended in Mar. 2024 was $0.41 Mil. Solitario Resources's Total Assets for the quarter that ended in Mar. 2024 was $25.71 Mil. Therefore, Solitario Resources's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 was 0.02.
The historical data trend for Solitario 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.
Solitario Resources Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Liabilities-to-Assets | Get a 7-Day Free Trial | 0.02 | 0.01 | 0.02 | 0.02 | 0.03 |
Solitario Resources Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Liabilities-to-Assets | Get a 7-Day Free Trial | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 |
For the Other Industrial Metals & Mining subindustry, Solitario 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.
For the Metals & Mining industry and Basic Materials sector, Solitario Resources's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Solitario Resources's Liabilities-to-Assets falls into.
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.
Solitario Resources's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
Liabilities-to-Assets (A: Dec. 2023 ) | = | Total Liabilities | / | Total Assets |
= | 0.807 | / | 26.757 | |
= | 0.03 |
Solitario Resources's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 is calculated as
Liabilities-to-Assets (Q: Mar. 2024 ) | = | Total Liabilities | / | Total Assets |
= | 0.412 | / | 25.705 | |
= | 0.02 |
* 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.
Solitario Resources (AMEX:XPL) 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.
Thank you for viewing the detailed overview of Solitario Resources's Liabilities-to-Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
James Kb Hesketh | director | 65 SOUTH JOYCE STREET, GOLDEN CO 80401 |
Debbie Mino Austin | director | 128 APRIL BREEZE ST., MONTGOMERY CO 77356 |
James R Maronick | officer: CFO | 4251 KIPLING STREET, SUITE 390, WHEAT RIDGE CO 80033 |
Christopher E Herald | director, officer: CEO | 4251 KIPLING STREET, SUITE 390, WHEAT RIDGE CO 80033 |
Walter H Hunt | officer: Vice President Exploration | 4251 KIPLING STREET, SUITE 390, WHEAT RIDGE CO 80033 |
Gil Atzmon | director | 1718 FOX TREE LN, SAN ANTONIO TX 78248 |
John A Labate | director | |
Brian Labadie | director | 24138 FERN CRESCENT, MAPLE RIDGE A1 V4R 2S1 |
Leonard Harris | director | 4251 KIPLING ST STE 390, WHEAT RIDGE CO 80033 |
Jones Mark E Iii | director | 16360 PARK TEN PLACE, SUITE 217, HOUSTON TX 77084 |
John Hainey | director | 216 TOYNBEE TRAIL, SCARBOROUGH A6 M1E 1G9 |
Steven A Webster | director | 500 DALLAS STREET, SUITE 2300, HOUSTON TX 77002 |
Daniel B Leonard | director | 4510 SILVER CLIFF COURT, CASTLE ROCK CO 80108 |
Crown Resources Corp | 10 percent owner | 4251 KIPLING STREET, SUITE 390, WHEAT RIDGE CO 80033 |
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