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Firestone Diamonds (LSE:FDI) Liabilities-to-Assets : 1.93 (As of Jun. 2020)


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What is Firestone Diamonds 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. Firestone Diamonds's Total Liabilities for the quarter that ended in Jun. 2020 was £88.20 Mil. Firestone Diamonds's Total Assets for the quarter that ended in Jun. 2020 was £45.70 Mil. Therefore, Firestone Diamonds's Liabilities-to-Assets Ratio for the quarter that ended in Jun. 2020 was 1.93.


Firestone Diamonds Liabilities-to-Assets Historical Data

The historical data trend for Firestone Diamonds'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.

Firestone Diamonds Liabilities-to-Assets Chart

Firestone Diamonds Annual Data
Trend Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.35 0.85 0.79 1.28 1.93

Firestone Diamonds Semi-Annual Data
Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Jun20
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 0.72 0.79 0.85 1.28 1.93

Competitive Comparison of Firestone Diamonds's Liabilities-to-Assets

For the Other Precious Metals & Mining subindustry, Firestone Diamonds'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.


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

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

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



Firestone Diamonds 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.

Firestone Diamonds's Liabilities-to-Assets Ratio for the fiscal year that ended in Jun. 2020 is calculated as:

Liabilities-to-Assets (A: Jun. 2020 )=Total Liabilities/Total Assets
=88.203/45.696
=1.93

Firestone Diamonds's Liabilities-to-Assets Ratio for the quarter that ended in Jun. 2020 is calculated as

Liabilities-to-Assets (Q: Jun. 2020 )=Total Liabilities/Total Assets
=88.203/45.696
=1.93

* 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.


Firestone Diamonds  (LSE:FDI) 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.


Firestone Diamonds Liabilities-to-Assets Related Terms

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Firestone Diamonds (LSE:FDI) Business Description

Traded in Other Exchanges
N/A
Address
207 Brooklands Road, St Georges Business Park, Elder House, Weybridge, Weybridge, Surrey, GBR, KT13 0TS
Firestone Diamonds PLC is a UK-based diamond company. The company is primarily involved in diamond mining, exploration, and development in southern Africa. It has three principal operating segments - Liqhobong Mine, BK11 Mine and corporate. Its flagship asset is the Liqhobong Diamond Mine in Lesotho, and the group also has a stake in the BK11 Mine in Botswana. Also, it owns land in Finland that contains known diamond-bearing kimberlites. Its goal is to become a mid-tier diamond producer yielding one million carats per annum.

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