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Rainbow Rare Earths (Rainbow Rare Earths) Liabilities-to-Assets : 0.13 (As of Dec. 2023)


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What is Rainbow Rare Earths 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. Rainbow Rare Earths's Total Liabilities for the quarter that ended in Dec. 2023 was $2.38 Mil. Rainbow Rare Earths's Total Assets for the quarter that ended in Dec. 2023 was $18.77 Mil. Therefore, Rainbow Rare Earths's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 0.13.


Rainbow Rare Earths Liabilities-to-Assets Historical Data

The historical data trend for Rainbow Rare Earths'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.

Rainbow Rare Earths Liabilities-to-Assets Chart

Rainbow Rare Earths Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.53 0.25 0.23 0.11 0.13

Rainbow Rare Earths Semi-Annual Data
Jun14 Jun15 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 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 0.11 0.11 0.11 0.13 0.13

Competitive Comparison of Rainbow Rare Earths's Liabilities-to-Assets

For the Other Industrial Metals & Mining subindustry, Rainbow Rare Earths'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.


Rainbow Rare Earths's Liabilities-to-Assets Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Rainbow Rare Earths's Liabilities-to-Assets falls into.



Rainbow Rare Earths 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.

Rainbow Rare Earths'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
=1.835/14.086
=0.13

Rainbow Rare Earths'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
=2.383/18.771
=0.13

* 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.


Rainbow Rare Earths  (OTCPK:RBWRF) 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.


Rainbow Rare Earths Liabilities-to-Assets Related Terms

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Rainbow Rare Earths (Rainbow Rare Earths) Business Description

Traded in Other Exchanges
Address
St Julian's Avenue, Connaught House, Saint Peter Port, GGY, GY1 3EL
Rainbow Rare Earths Ltd aims to be a forerunner in the establishment of an independent and ethical supply chain of the rare earth elements that are driving the green energy transition. It is doing this successfully via the identification and development of secondary rare earth deposits that can be brought into production quicker and at a lower cost than traditional hard rock mining projects, with a focus on the magnet rare earth elements neodymium & praseodymium, dysprosium & terbium. It is focused on the development of the Phalaborwa Project and the earlier stage Uberaba Project. Both projects entail the recovery of rare earths from phosphogypsum stacks that occur as the by-product of phosphoric acid production, with the original source rock for both deposits being a hardrock carbonatite.

Rainbow Rare Earths (Rainbow Rare Earths) Headlines

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