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. Galleon Gold's Total Liabilities for the quarter that ended in Feb. 2024 was $4.28 Mil. Galleon Gold's Total Assets for the quarter that ended in Feb. 2024 was $22.10 Mil.
Therefore, Galleon Gold's Liabilities-to-Assets Ratio for the quarter that ended in Feb. 2024 was 0.19.
Galleon Gold Liabilities-to-Assets Historical Data
The historical data trend for Galleon Gold'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 Galleon Gold's Liabilities-to-Assets
For the Gold subindustry, Galleon Gold'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.
Galleon Gold's Liabilities-to-Assets Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Galleon Gold's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Galleon Gold's Liabilities-to-Assets falls into.
Galleon Gold 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.
Galleon Gold's Liabilities-to-Assets Ratio for the fiscal year that ended in Nov. 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.
Galleon Gold Liabilities-to-Assets Related Terms
Thank you for viewing the detailed overview of Galleon Gold's Liabilities-to-Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Galleon Gold Corp is principally engaged in the business of acquiring, exploring, and developing mineral properties in Canada and the United States, those containing gold, silver, platinum group elements (PGEs), copper, nickel, and associated base and precious metals. Its projects include West Cache Gold, Ontario, Neal, Idaho, USA, Chester, New Brunswick, and Other properties in Canada. Its properties are located in two geographical areas, Canada, and the United States of America, and the majority of the revenue comes from Canada.
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