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. CKX Lands's Total Liabilities for the quarter that ended in Dec. 2023 was $0.50 Mil. CKX Lands's Total Assets for the quarter that ended in Dec. 2023 was $18.81 Mil.
Therefore, CKX Lands's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 0.03.
CKX Lands Liabilities-to-Assets Historical Data
The historical data trend for CKX Lands'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.
Competitive Comparison of CKX Lands's Liabilities-to-Assets
For the Oil & Gas E&P subindustry, CKX Lands'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.
CKX Lands's Liabilities-to-Assets Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, CKX Lands's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where CKX Lands's Liabilities-to-Assets falls into.
CKX Lands 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.
CKX Lands's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
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.
CKX Lands Liabilities-to-Assets Related Terms
Thank you for viewing the detailed overview of CKX Lands's Liabilities-to-Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
CKX Lands Inc is a Louisiana corporation organized to receive non-producing mineral royalties spun off by a southwest Louisiana bank. It operates in three segments: Oil and Gas, Surface, and Timber. The company owns land and mineral interests and collects income through its ownership in the form of oil and gas royalties, surface leases for farming, the right of way and other uses, and timber sales. The company's oil and gas royalties are paid by the operators who own the wells and timber income is paid by the highest bidder for the timber.
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