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Windfall Geotek (Windfall Geotek) Liabilities-to-Assets : 0.06 (As of Nov. 2023)


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What is Windfall Geotek 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. Windfall Geotek's Total Liabilities for the quarter that ended in Nov. 2023 was $0.07 Mil. Windfall Geotek's Total Assets for the quarter that ended in Nov. 2023 was $1.11 Mil. Therefore, Windfall Geotek's Liabilities-to-Assets Ratio for the quarter that ended in Nov. 2023 was 0.06.


Windfall Geotek Liabilities-to-Assets Historical Data

The historical data trend for Windfall Geotek'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.

Windfall Geotek Liabilities-to-Assets Chart

Windfall Geotek Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.13 0.19 0.08 0.04 0.04

Windfall Geotek Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 Premium Member Only Premium Member Only 0.04 0.04 0.03 0.04 0.06

Competitive Comparison of Windfall Geotek's Liabilities-to-Assets

For the Software - Application subindustry, Windfall Geotek'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.


Windfall Geotek's Liabilities-to-Assets Distribution in the Software Industry

For the Software industry and Technology sector, Windfall Geotek's Liabilities-to-Assets distribution charts can be found below:

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



Windfall Geotek 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.

Windfall Geotek's Liabilities-to-Assets Ratio for the fiscal year that ended in Feb. 2023 is calculated as:

Liabilities-to-Assets (A: Feb. 2023 )=Total Liabilities/Total Assets
=0.074/1.878
=0.04

Windfall Geotek's Liabilities-to-Assets Ratio for the quarter that ended in Nov. 2023 is calculated as

Liabilities-to-Assets (Q: Nov. 2023 )=Total Liabilities/Total Assets
=0.067/1.108
=0.06

* 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.


Windfall Geotek  (OTCPK:WINKF) 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.


Windfall Geotek Liabilities-to-Assets Related Terms

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Windfall Geotek (Windfall Geotek) Business Description

Traded in Other Exchanges
Address
7005 Boulevard Taschereau, Suite 265, Brossard, QC, CAN, J4Z 1A7
Windfall Geotek Inc is an Artificial Intelligence company developing its proprietary CARDS analysis and data mining techniques. The Company is exploring a new business model through which it will advance projects where the CARDS artificial intelligence software platform has identified high-potential targets. The Company has determined that it operates in two segments, being acquisition, exploration and development of mineral properties for economically recoverable reserves in Canada and providing AI services.

Windfall Geotek (Windfall Geotek) Headlines