Sonoro Gold (TSXV:SGO) Liabilities-to-Assets : 1.12 (As of Mar. 2024)

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What is Sonoro Gold 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. Sonoro Gold's Total Liabilities for the quarter that ended in Mar. 2024 was C$6.17 Mil. Sonoro Gold's Total Assets for the quarter that ended in Mar. 2024 was C$5.50 Mil. Therefore, Sonoro Gold's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 was 1.12.

Sonoro Gold Liabilities-to-Assets Historical Data

The historical data trend for Sonoro 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.

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Sonoro Gold Liabilities-to-Assets Chart

Sonoro Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Liabilities-to-Assets

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0.60

0.04

0.08

0.54

1.04

Sonoro Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Liabilities-to-Assets	Get a 7-Day Free Trial															0.85	0.83	0.92	1.04	1.12

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

For the Other Precious Metals & Mining subindustry, Sonoro 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.

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

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

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

Sonoro 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.

Sonoro Gold's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Liabilities-to-Assets (A: Dec. 2023 )	=	Total Liabilities	/	Total Assets
	=	5.329	/	5.142
	=	1.04

Sonoro Gold's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 is calculated as

Liabilities-to-Assets (Q: Mar. 2024 )	=	Total Liabilities	/	Total Assets
	=	6.174	/	5.496
	=	1.12

Sonoro Gold (TSXV:SGO) 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.

Sonoro Gold Liabilities-to-Assets Related Terms

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Sonoro Gold (TSXV:SGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sonoro Gold Corp (TSXV:SGO) » Definitions » Liabilities-to-Assets

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SMOFF:USA 23SP:Germany

Address

2489 Bellevue Avenue, Suite 300, West Vancouver, BC, CAN, V7V 1E1

Website

https://www.sonorogold.com

Sonoro Gold Corp is an exploration and development company holding the near development stage Cerro Caliche project and the exploration stage San Marcial properties in Sonora State, Mexico. The company has one business segment, the exploration of mineral properties.

Executives

John Michael Darch

Director

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