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Steadright Critical Minerals (XCNQ:SCM) Liabilities-to-Assets : 5.05 (As of Sep. 2024)


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What is Steadright Critical 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. Steadright Critical Minerals's Total Liabilities for the quarter that ended in Sep. 2024 was C$0.10 Mil. Steadright Critical Minerals's Total Assets for the quarter that ended in Sep. 2024 was C$0.02 Mil. Therefore, Steadright Critical Minerals's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2024 was 5.05.


Steadright Critical Minerals Liabilities-to-Assets Historical Data

The historical data trend for Steadright Critical 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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Steadright Critical Minerals Liabilities-to-Assets Chart

Steadright Critical Minerals Annual Data
Trend Mar22 Mar23 Mar24
Liabilities-to-Assets
0.52 0.25 2.95

Steadright Critical Minerals Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Liabilities-to-Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.17 0.18 2.95 0.97 5.05

Competitive Comparison of Steadright Critical Minerals's Liabilities-to-Assets

For the Other Industrial Metals & Mining subindustry, Steadright Critical 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.


Steadright Critical Minerals's Liabilities-to-Assets Distribution in the Metals & Mining Industry

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

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



Steadright Critical 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.

Steadright Critical Minerals's Liabilities-to-Assets Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Liabilities-to-Assets (A: Mar. 2024 )=Total Liabilities/Total Assets
=0.186/0.063
=2.95

Steadright Critical Minerals's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2024 is calculated as

Liabilities-to-Assets (Q: Sep. 2024 )=Total Liabilities/Total Assets
=0.101/0.02
=5.05

* 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.


Steadright Critical Minerals  (XCNQ:SCM) 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.


Steadright Critical Minerals Liabilities-to-Assets Related Terms

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Steadright Critical Minerals Business Description

Traded in Other Exchanges
N/A
Address
1 Crescent Road, Suite 216, Huntsville, ON, CAN, P1H 1Z6
Steadright Critical Minerals Inc is a mining exploration company. The company is engaged in the exploration and evaluation of mineral properties. It explores nickel, copper cobalt, and PGE (Platinum Group Elements) minerals. The company has a focus on the RAM project located within the Province of Quebec.
Executives
John Morgan Director, Senior Officer
Urbanski Mark Director
Palkovits Robert Senior Officer