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Andes Gold (Andes Gold) Liabilities-to-Assets : 1.22 (As of Dec. 2003)


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What is Andes Gold 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. Andes Gold's Total Liabilities for the quarter that ended in Dec. 2003 was $4.91 Mil. Andes Gold's Total Assets for the quarter that ended in Dec. 2003 was $4.04 Mil. Therefore, Andes Gold's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2003 was 1.22.


Andes Gold Liabilities-to-Assets Historical Data

The historical data trend for Andes Gold'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.

Andes Gold Liabilities-to-Assets Chart

Andes Gold Annual Data
Trend Dec94 Dec95 Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.02 0.89 0.87 1.22

Andes Gold Quarterly Data
Mar98 Jun98 Sep98 Dec98 Mar00 Jun00 Sep00 Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03
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 0.87 0.83 0.99 1.01 1.22

Competitive Comparison of Andes Gold's Liabilities-to-Assets

For the Gold subindustry, Andes Gold'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.


Andes Gold's Liabilities-to-Assets Distribution in the Metals & Mining Industry

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

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



Andes Gold 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.

Andes Gold's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2003 is calculated as:

Liabilities-to-Assets (A: Dec. 2003 )=Total Liabilities/Total Assets
=4.911/4.04
=1.22

Andes Gold's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2003 is calculated as

Liabilities-to-Assets (Q: Dec. 2003 )=Total Liabilities/Total Assets
=4.911/4.04
=1.22

* 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.


Andes Gold  (OTCPK:AGCZ) 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.


Andes Gold Liabilities-to-Assets Related Terms

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Andes Gold (Andes Gold) Business Description

Traded in Other Exchanges
N/A
Address
1200 N. Federal Highway, Suite 200, Boca Raton, FL, USA, 33432
Andes Gold Corp is the operator of leased properties which it mines for mineral resources, specifically, gold. The company develops and produces gold assets in Ecuador and South America.

Andes Gold (Andes Gold) Headlines