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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. Goldrich Mining Co's Total Liabilities for the quarter that ended in Sep. 2023 was $12.85 Mil. Goldrich Mining Co's Total Assets for the quarter that ended in Sep. 2023 was $0.69 Mil.
Therefore, Goldrich Mining Co's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2023 was 18.66.
Goldrich Mining Co (OTCPK:GRMC) 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.
Goldrich Mining Co Liabilities-to-Assets Related Terms
Goldrich Mining Co Liabilities-to-Assets Historical Data
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The historical data trend for Goldrich Mining Co'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.
GRMC vs PGOL, MAGE, IMII: Liabilities-to-Assets Comparison
For the Gold subindustry, Goldrich Mining Co'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.
Goldrich Mining Co Liabilities-to-Assets vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Goldrich Mining Co's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Goldrich Mining Co's Liabilities-to-Assets falls into.
Goldrich Mining Co 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.
Goldrich Mining Co's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2022 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.
Goldrich Mining Co (GRMC) has a Liabilities-to-Assets of 18.66 as of Sep. 2023. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on Goldrich Mining Co and its competitors.
Is Goldrich Mining Co's Liabilities-to-Assets too high?
Goldrich Mining Co's current Liabilities-to-Assets is 18.66.
How does Goldrich Mining Co's Liabilities-to-Assets compare to PGOL and MAGE?
Goldrich Mining Co's Liabilities-to-Assets of 18.66 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Liabilities-to-Assets for a Metals & Mining company?
A good Liabilities-to-Assets depends on the Metals & Mining industry context. However, Liabilities-to-Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Liabilities-to-Assets mean?
A high Liabilities-to-Assets can signal that a stock is expensive relative to its fundamentals. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on Goldrich Mining Co and its competitors. Goldrich Mining Co's current Liabilities-to-Assets is 18.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goldrich Mining Co stock overvalued right now?
Goldrich Mining Co (GRMC) has a current Liabilities-to-Assets of 18.66. The current Liabilities-to-Assets is 18.66. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Liabilities-to-Assets calculated?
Liabilities-to-Assets is calculated from a company's financial statements. For Goldrich Mining Co (GRMC), the current Liabilities-to-Assets is 18.66 as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Goldrich Mining Co is a gold exploration and development company, which is engaged in the acquisition and exploration of mineral properties. The group explores gold and focuses on Chandalar property covering approximately 22,858 acres located to the north of Fairbanks, Alaska. The Chandalar is located in north-central Alaska, which is considered a tier-one jurisdiction world wide and host to multiple world-class gold mines and deposits, including the Fort Knox mine, Donlin Creek deposit, and Pebble deposit. Goldrich geographically operates through the region of Alaska, U.S, and derives the majority of its revenue from the sale of gold.
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