Coolabah Metals (ASX:CBH) Liabilities-to-Assets : 0.04 (As of Dec. 2023)

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What is Coolabah Metals 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. Coolabah Metals's Total Liabilities for the quarter that ended in Dec. 2023 was A$0.22 Mil. Coolabah Metals's Total Assets for the quarter that ended in Dec. 2023 was A$5.47 Mil. Therefore, Coolabah Metals's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 0.04.

Coolabah Metals Liabilities-to-Assets Historical Data

The historical data trend for Coolabah Metals'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.

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Coolabah Metals Liabilities-to-Assets Chart

Coolabah Metals Annual Data

Trend

Jun22

Liabilities-to-Assets

1.05

Coolabah Metals Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23
Liabilities-to-Assets	-	0.04	0.05	0.04

Competitive Comparison of Coolabah Metals's Liabilities-to-Assets

For the Other Precious Metals & Mining subindustry, Coolabah Metals'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.

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

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

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

Coolabah Metals 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.

Coolabah Metals's Liabilities-to-Assets Ratio for the fiscal year that ended in Jun. 2022 is calculated as:

Liabilities-to-Assets (A: Jun. 2022 )	=	Total Liabilities	/	Total Assets
	=	0.215	/	0.204
	=	1.05

Coolabah Metals's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 is calculated as

Liabilities-to-Assets (Q: Dec. 2023 )	=	Total Liabilities	/	Total Assets
	=	0.222	/	5.474
	=	0.04

Coolabah Metals (ASX:CBH) 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.

Coolabah Metals Liabilities-to-Assets Related Terms

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Coolabah Metals (ASX:CBH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Coolabah Metals Ltd (ASX:CBH) » Definitions » Liabilities-to-Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

216 St Georges Terrace, Level 8, London House, Perth, WA, AUS, 6000

Website

https://www.coolabahmetals.com.au

Coolabah Metals Ltd is a minerals exploration company formed for the purpose of identifying, acquiring, and developing prospective copper, gold, and base metal assets throughout Australia. The company's project includes the Gunpowder Creek Project (NSW) which comprises four granted exploration licenses, the Nymagee Project (NSW) which comprises three granted exploration licenses, the Coolabah Project (NSW) which comprises four granted exploration licenses, Cannington Project (QLD) is located 130km SSE of Cloncurry comprised of two exploration licenses.