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. PureBase's Total Liabilities for the quarter that ended in Feb. 2024 was $1.89 Mil. PureBase's Total Assets for the quarter that ended in Feb. 2024 was $0.81 Mil.
Therefore, PureBase's Liabilities-to-Assets Ratio for the quarter that ended in Feb. 2024 was 2.33.
PureBase Liabilities-to-Assets Historical Data
The historical data trend for PureBase'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 PureBase's Liabilities-to-Assets
For the Agricultural Inputs subindustry, PureBase'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.
PureBase's Liabilities-to-Assets Distribution in the Agriculture Industry
For the Agriculture industry and Basic Materials sector, PureBase's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where PureBase's Liabilities-to-Assets falls into.
PureBase 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.
PureBase'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.
PureBase Liabilities-to-Assets Related Terms
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PureBase Corp is a diversified, industrial mineral and natural resource company. It provides new and improved, and environmentally sound solutions to a wide range of industries including cornerstone markets of agriculture and construction. The company focuses on the acquisition, development, mining developing, and marketing of natural mineral properties in California, Nevada, and the United States. It provides minerals such as silica sand, kaolin, bentonite, leonardite, potassium silicate sulfate, pozzolan, and limestone. Geographically all the business activity of the firm is operated through the region of the United States.
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