Live Energy Minerals (XCNQ:LIVE) Liabilities-to-Assets : 0.04 (As of Jan. 2024)

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What is Live Energy Minerals 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. Live Energy Minerals's Total Liabilities for the quarter that ended in Jan. 2024 was C$0.06 Mil. Live Energy Minerals's Total Assets for the quarter that ended in Jan. 2024 was C$1.56 Mil. Therefore, Live Energy Minerals's Liabilities-to-Assets Ratio for the quarter that ended in Jan. 2024 was 0.04.

Live Energy Minerals Liabilities-to-Assets Historical Data

The historical data trend for Live Energy Minerals'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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Live Energy Minerals Liabilities-to-Assets Chart

Live Energy Minerals Annual Data

Trend

Oct21

Oct22

Oct23

Liabilities-to-Assets

0.03

0.06

0.03

Live Energy Minerals Quarterly Data
	Apr21	Jul21	Oct21	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Liabilities-to-Assets	Get a 7-Day Free Trial						-	0.04	0.05	0.03	0.04

Competitive Comparison of Live Energy Minerals's Liabilities-to-Assets

For the Gold subindustry, Live Energy Minerals'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.

Live Energy Minerals's Liabilities-to-Assets Distribution in the Metals & Mining Industry

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

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

Live Energy Minerals 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.

Live Energy Minerals's Liabilities-to-Assets Ratio for the fiscal year that ended in Oct. 2023 is calculated as:

Liabilities-to-Assets (A: Oct. 2023 )	=	Total Liabilities	/	Total Assets
	=	0.053	/	1.595
	=	0.03

Live Energy Minerals's Liabilities-to-Assets Ratio for the quarter that ended in Jan. 2024 is calculated as

Liabilities-to-Assets (Q: Jan. 2024 )	=	Total Liabilities	/	Total Assets
	=	0.055	/	1.558
	=	0.04

Live Energy Minerals (XCNQ:LIVE) 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.

Live Energy Minerals Liabilities-to-Assets Related Terms

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Live Energy Minerals (XCNQ:LIVE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Live Energy Minerals Corp (XCNQ:LIVE) » Definitions » Liabilities-to-Assets

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Traded in Other Exchanges

GTREF:USA

Address

810 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2

Website

https://www.liveenergyminerals.com

Live Energy Minerals Corp is an exploration of resource properties. It holds interests in the Skygold Project located in the Cariboo Placer Region in British Columbia and also has the McDermitt Lithium Property. The company has one business segment the exploration of resource properties, in two geographic locations Canada and the United States.