Solis Minerals (TSXV:SLMN) Debt-to-Asset : 0.01 (As of Feb. 2024)

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What is Solis Minerals Debt-to-Asset?

Solis Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.04 Mil. Solis Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.07 Mil. Solis Minerals's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Feb. 2024 was C$12.72 Mil. Solis Minerals's debt to asset for the quarter that ended in Feb. 2024 was 0.01.

Solis Minerals Debt-to-Asset Historical Data

The historical data trend for Solis Minerals's Debt-to-Asset 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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Solis Minerals Debt-to-Asset Chart

Solis Minerals Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Debt-to-Asset

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0.08

0.01

Solis Minerals Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Asset	Get a 7-Day Free Trial															-	-	0.01	0.01	0.01

Competitive Comparison of Solis Minerals's Debt-to-Asset

For the Copper subindustry, Solis Minerals's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Solis Minerals's Debt-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Solis Minerals's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Solis Minerals's Debt-to-Asset falls into.

Solis Minerals Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Solis Minerals's Debt-to-Asset for the fiscal year that ended in May. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	0)	/	5.217
	=	0.00

Solis Minerals's Debt-to-Asset for the quarter that ended in Feb. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.037	+	0.066)	/	12.718
	=	0.01

Solis Minerals (TSXV:SLMN) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Solis Minerals Debt-to-Asset Related Terms

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Solis Minerals (TSXV:SLMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Solis Minerals Ltd (TSXV:SLMN) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

SLMFF:USA 08W:Germany SLM:Australia

Address

Unit 3, 32 Harrogate Street, West Leederville, Perth, WA, AUS, 6017

Website

https://solisminerals.com

Solis Minerals Ltd is a resource exploration company engaged in the acquisition, exploration, and development of mineral resource properties. The Company operates in a single reportable operating segment being the exploration and development of mineral properties. The company is focused on the acquisition of the Mostazal copper project located in Chile. It also holds an interest in Ilo Este and Ilo Norte Project in Peru.

Executives

Matthew Boyes

Director

Solis Minerals (TSXV:SLMN) Headlines

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