Variscan Mines (Variscan Mines) Liabilities-to-Assets : 0.04 (As of Dec. 2023)

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What is Variscan Mines 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. Variscan Mines's Total Liabilities for the quarter that ended in Dec. 2023 was $0.26 Mil. Variscan Mines's Total Assets for the quarter that ended in Dec. 2023 was $6.53 Mil. Therefore, Variscan Mines's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 0.04.

Variscan Mines Liabilities-to-Assets Historical Data

The historical data trend for Variscan Mines'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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Variscan Mines Liabilities-to-Assets Chart

Variscan Mines Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Liabilities-to-Assets

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0.09

0.07

0.02

0.03

Variscan Mines Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Liabilities-to-Assets	Get a 7-Day Free Trial															0.05	0.03	0.03	0.03	0.04

Competitive Comparison of Variscan Mines's Liabilities-to-Assets

For the Other Industrial Metals & Mining subindustry, Variscan Mines'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.

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

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

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

Variscan Mines 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.

Variscan Mines's Liabilities-to-Assets Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Liabilities-to-Assets (A: Jun. 2023 )	=	Total Liabilities	/	Total Assets
	=	0.17	/	6.463
	=	0.03

Variscan Mines'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
	=	0.259	/	6.53
	=	0.04

Variscan Mines (OTCPK:PLTSF) 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.

Variscan Mines Liabilities-to-Assets Related Terms

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Variscan Mines (Variscan Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Variscan Mines Ltd (OTCPK:PLTSF) » Definitions » Liabilities-to-Assets

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VAR:Australia

Address

7 The Esplanade, Suite 8, Mount Pleasant, Perth, WA, AUS, 6153

Website

https://www.variscan.com.au

Variscan Mines Ltd is engaged in exploring and developing mineral properties in Europe and Australia. It focuses on base metals, such as copper, lead, zinc, and nickel; precious metals comprising gold and silver; and tin, and tungsten deposits. It holds an interest in the Merleac, Silfiac, Tennie, Beaulieu, Loc Enrel, St Pierre, and Couflents licenses located in France. The company also owns an interest in Olary, Broken Hill, Euriowie, Callabonna, Quinyambie, and Hillston projects located in Curnamona Craton, South Australia; and the Ghost Rider and Achilles projects of the Lachlan Orogen in New South Wales. The firm operates in two geographical segments, being Australia and Spain.

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