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Slave Lake Zinc (XCNQ:SLZ) Liabilities-to-Assets : 0.37 (As of Mar. 2024)


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What is Slave Lake Zinc 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. Slave Lake Zinc's Total Liabilities for the quarter that ended in Mar. 2024 was C$0.26 Mil. Slave Lake Zinc's Total Assets for the quarter that ended in Mar. 2024 was C$0.71 Mil. Therefore, Slave Lake Zinc's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 was 0.37.


Slave Lake Zinc Liabilities-to-Assets Historical Data

The historical data trend for Slave Lake Zinc'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.

Slave Lake Zinc Liabilities-to-Assets Chart

Slave Lake Zinc Annual Data
Trend Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Liabilities-to-Assets
Get a 7-Day Free Trial 0.12 0.43 0.83 0.51 0.27

Slave Lake Zinc Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.19 0.28 0.27 0.31 0.37

Competitive Comparison of Slave Lake Zinc's Liabilities-to-Assets

For the Other Industrial Metals & Mining subindustry, Slave Lake Zinc'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.


Slave Lake Zinc's Liabilities-to-Assets Distribution in the Metals & Mining Industry

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

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



Slave Lake Zinc 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.

Slave Lake Zinc's Liabilities-to-Assets Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

Liabilities-to-Assets (A: Sep. 2023 )=Total Liabilities/Total Assets
=0.223/0.818
=0.27

Slave Lake Zinc's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 is calculated as

Liabilities-to-Assets (Q: Mar. 2024 )=Total Liabilities/Total Assets
=0.261/0.71
=0.37

* 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.


Slave Lake Zinc  (XCNQ:SLZ) 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.


Slave Lake Zinc Liabilities-to-Assets Related Terms

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Slave Lake Zinc (XCNQ:SLZ) Business Description

Traded in Other Exchanges
Address
207 St. Patrick's Avenue, North Vancouver, Vancouver, BC, CAN, V7L 3N3
Slave Lake Zinc Corp is a Canadian mineral exploration company. The company is engaged in acquiring and exploring mineral properties and holds an interest in the O'Connor Lake Property in the South Slave Mining District of the Northwest Territories.
Executives
Ritchie John Wigham 10% Security Holder, Director, Senior Officer