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GoldMoney (GoldMoney) Liabilities-to-Assets : 0.20 (As of Dec. 2023)


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What is GoldMoney 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. GoldMoney's Total Liabilities for the quarter that ended in Dec. 2023 was $33.1 Mil. GoldMoney's Total Assets for the quarter that ended in Dec. 2023 was $162.6 Mil. Therefore, GoldMoney's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 0.20.


GoldMoney Liabilities-to-Assets Historical Data

The historical data trend for GoldMoney'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.

GoldMoney Liabilities-to-Assets Chart

GoldMoney Annual Data
Trend Sep13 Sep14 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.03 0.07 0.05 0.01 0.02

GoldMoney Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 Premium Member Only Premium Member Only 0.02 0.02 0.02 0.01 0.20

Competitive Comparison of GoldMoney's Liabilities-to-Assets

For the Capital Markets subindustry, GoldMoney'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.


GoldMoney's Liabilities-to-Assets Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, GoldMoney's Liabilities-to-Assets distribution charts can be found below:

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



GoldMoney 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.

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

Liabilities-to-Assets (A: Mar. 2023 )=Total Liabilities/Total Assets
=2.871/128.664
=0.02

GoldMoney'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
=33.073/162.592
=0.20

* 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.


GoldMoney  (OTCPK:XAUMF) 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.


GoldMoney Liabilities-to-Assets Related Terms

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GoldMoney (GoldMoney) Business Description

Traded in Other Exchanges
Address
334 Adelaide Street West, Suite 307, Toronto, ON, CAN, M5V 1R4
GoldMoney Inc is engaged in precious metal focused global business. It operates through subsidiaries and is engaged in precious metal sales to its clients, including arranging delivery and storage of precious metals for its clients, coin retailing, and lending. Goldmoney has a client base in more than a hundred countries and holds precious metal assets. The company's operating subsidiaries include Goldmoney.com and SchiffGold.com. In addition to the company's principal business segments, the company holds a significant interest in Mene Inc., which crafts pure 24-karat gold and platinum investment jewelry that is sold by gram weight. Through these businesses and other investment activities, the firm gains long-term exposure to precious metals.

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