Onyx Gold (TSXV:ONYX) Liabilities-to-Assets : 0.09 (As of Sep. 2023)

Onyx Gold Liabilities-to-Assets Chart

Competitive Comparison of Onyx Gold's Liabilities-to-Assets

For the Gold subindustry, Onyx 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.

Onyx Gold's Liabilities-to-Assets Distribution in the Metals & Mining Industry

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

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

Onyx 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.

Onyx Gold's Liabilities-to-Assets Ratio for the fiscal year that ended in . 20 is calculated as:

Onyx Gold's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 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.

Onyx Gold  (TSXV:ONYX) 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.

Onyx Gold Liabilities-to-Assets Related Terms

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Onyx Gold (TSXV:ONYX) Business Description