Omega Pacific Resources (XCNQ:OMGA) Liabilities-to-Assets : 0.03 (As of Jan. 2024)

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What is Omega Pacific Resources 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. Omega Pacific Resources's Total Liabilities for the quarter that ended in Jan. 2024 was C$0.01 Mil. Omega Pacific Resources's Total Assets for the quarter that ended in Jan. 2024 was C$0.42 Mil. Therefore, Omega Pacific Resources's Liabilities-to-Assets Ratio for the quarter that ended in Jan. 2024 was 0.03.

Omega Pacific Resources Liabilities-to-Assets Historical Data

The historical data trend for Omega Pacific Resources'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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Omega Pacific Resources Liabilities-to-Assets Chart

Omega Pacific Resources Annual Data

Trend

Oct22

Liabilities-to-Assets

0.04

Omega Pacific Resources Quarterly Data
	Jan23	Apr23	Jul23	Jan24
Liabilities-to-Assets	0.08	0.14	0.04	0.03

Competitive Comparison of Omega Pacific Resources's Liabilities-to-Assets

For the Other Industrial Metals & Mining subindustry, Omega Pacific Resources'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.

Omega Pacific Resources's Liabilities-to-Assets Distribution in the Metals & Mining Industry

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

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

Omega Pacific Resources 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.

Omega Pacific Resources's Liabilities-to-Assets Ratio for the fiscal year that ended in Oct. 2022 is calculated as:

Liabilities-to-Assets (A: Oct. 2022 )	=	Total Liabilities	/	Total Assets
	=	0.019	/	0.533
	=	0.04

Omega Pacific Resources'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
	=	0.011	/	0.422
	=	0.03

Omega Pacific Resources (XCNQ:OMGA) 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.

Omega Pacific Resources Liabilities-to-Assets Related Terms

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Omega Pacific Resources (XCNQ:OMGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Omega Pacific Resources Inc (XCNQ:OMGA) » Definitions » Liabilities-to-Assets

Comparable Companies

Traded in Other Exchanges

Q0F:Germany

Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

Omega Pacific Resources Inc is engaged in the business of mineral exploration in Canada. It mainly engages in the acquisition, exploration, and development of mineral exploration properties. It holds an interest in the Lekcin property located in the New Westminster Mining Division, British Columbia, Canada.