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Mountain Province Diamonds (TSX:MPVD) Liabilities-to-Assets : 0.56 (As of Mar. 2023)


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What is Mountain Province Diamonds 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. Mountain Province Diamonds's Total Liabilities for the quarter that ended in Mar. 2023 was C$550.0 Mil. Mountain Province Diamonds's Total Assets for the quarter that ended in Mar. 2023 was C$985.7 Mil. Therefore, Mountain Province Diamonds's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2023 was 0.56.


Mountain Province Diamonds Liabilities-to-Assets Historical Data

The historical data trend for Mountain Province Diamonds'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.

Mountain Province Diamonds Liabilities-to-Assets Chart

Mountain Province Diamonds Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.53 0.59 0.88 0.60 0.55

Mountain Province Diamonds Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 0.60 0.57 0.59 0.55 0.56

Competitive Comparison of Mountain Province Diamonds's Liabilities-to-Assets

For the Other Precious Metals & Mining subindustry, Mountain Province Diamonds'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.


Mountain Province Diamonds's Liabilities-to-Assets Distribution in the Metals & Mining Industry

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

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



Mountain Province Diamonds 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.

Mountain Province Diamonds's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Liabilities-to-Assets (A: Dec. 2022 )=Total Liabilities/Total Assets
=491.383/898.541
=0.55

Mountain Province Diamonds's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2023 is calculated as

Liabilities-to-Assets (Q: Mar. 2023 )=Total Liabilities/Total Assets
=550.027/985.749
=0.56

* 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.


Mountain Province Diamonds  (TSX:MPVD) 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.


Mountain Province Diamonds Liabilities-to-Assets Related Terms

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Mountain Province Diamonds (TSX:MPVD) Business Description

Traded in Other Exchanges
Address
161 Bay Street, Suite 1410, P.O. Box 216, Toronto, ON, CAN, M5J 2S1
Mountain Province Diamonds Inc is engaged in the mining and marketing of rough diamonds. The Company supplies rough diamonds from its 49% ownership interest in the Gahcho Kue diamond mine (the GK Diamond Mine). The GK Diamond Mine is located in Canada's Northwest Territories. The Company also owns 100% of the mineral rights of the Kennady North Project (KNP) in Canada's Northwest Territories.

Mountain Province Diamonds (TSX:MPVD) Headlines

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