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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. West Red Lake Gold Mines's Total Liabilities for the quarter that ended in Jun. 2026 was $120.3 Mil. West Red Lake Gold Mines's Total Assets for the quarter that ended in Jun. 2026 was $207.4 Mil.
Therefore, West Red Lake Gold Mines's Liabilities-to-Assets Ratio for the quarter that ended in Jun. 2026 was 0.58.
West Red Lake Gold Mines (OTCPK:WRLGF) 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.
West Red Lake Gold Mines Liabilities-to-Assets Related Terms
West Red Lake Gold Mines Liabilities-to-Assets Historical Data
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The historical data trend for West Red Lake Gold Mines'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.
West Red Lake Gold Mines Liabilities-to-Assets Chart
WRLGF vs NEM, AU: Liabilities-to-Assets Comparison
For the Gold subindustry, West Red Lake Gold Mines'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.
West Red Lake Gold Mines Liabilities-to-Assets vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, West Red Lake Gold Mines's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where West Red Lake Gold Mines's Liabilities-to-Assets falls into.
West Red Lake Gold Mines 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.
West Red Lake Gold Mines's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2025 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.
West Red Lake Gold Mines (WRLGF) has a Liabilities-to-Assets of 0.58 as of Jun. 2026. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on West Red Lake Gold Mines and its competitors.
Is West Red Lake Gold Mines' Liabilities-to-Assets too high?
West Red Lake Gold Mines' current Liabilities-to-Assets is 0.58. Overall, West Red Lake Gold Mines has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does West Red Lake Gold Mines' Liabilities-to-Assets compare to NEM and AU?
West Red Lake Gold Mines' Liabilities-to-Assets of 0.58 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Liabilities-to-Assets for a Metals & Mining company?
A good Liabilities-to-Assets depends on the Metals & Mining industry context. However, Liabilities-to-Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Liabilities-to-Assets mean?
A high Liabilities-to-Assets can signal that a stock is expensive relative to its fundamentals. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on West Red Lake Gold Mines and its competitors. West Red Lake Gold Mines's current Liabilities-to-Assets is 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is West Red Lake Gold Mines stock overvalued right now?
West Red Lake Gold Mines (WRLGF) has a current Liabilities-to-Assets of 0.58. The current Liabilities-to-Assets is 0.58. West Red Lake Gold Mines' overall GF Score™ is 26/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Liabilities-to-Assets calculated?
Liabilities-to-Assets is calculated from a company's financial statements. For West Red Lake Gold Mines (WRLGF), the current Liabilities-to-Assets is 0.58 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
West Red Lake Gold Mines Ltd operates in one reportable segment, being the acquisition, exploration, and development of gold properties. All of the Company's assets are located in Canada. Its projects include Madsen Mine and the Rowan Project.
26GF Score
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