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Ionic Rare Earths (Ionic Rare Earths) Liabilities-to-Assets : 0.05 (As of Dec. 2023)


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What is Ionic Rare Earths 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. Ionic Rare Earths's Total Liabilities for the quarter that ended in Dec. 2023 was $1.35 Mil. Ionic Rare Earths's Total Assets for the quarter that ended in Dec. 2023 was $24.87 Mil. Therefore, Ionic Rare Earths's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 0.05.


Ionic Rare Earths Liabilities-to-Assets Historical Data

The historical data trend for Ionic Rare Earths'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.

Ionic Rare Earths Liabilities-to-Assets Chart

Ionic Rare Earths Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.09 0.02 0.01 0.02

Ionic Rare Earths Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 0.04 0.01 0.02 0.02 0.05

Competitive Comparison of Ionic Rare Earths's Liabilities-to-Assets

For the Other Industrial Metals & Mining subindustry, Ionic Rare Earths'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.


Ionic Rare Earths's Liabilities-to-Assets Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Ionic Rare Earths's Liabilities-to-Assets falls into.



Ionic Rare Earths 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.

Ionic Rare Earths's Liabilities-to-Assets Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Liabilities-to-Assets (A: Jun. 2023 )=Total Liabilities/Total Assets
=0.554/29.882
=0.02

Ionic Rare Earths's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 is calculated as

Liabilities-to-Assets (Q: Dec. 2023 )=Total Liabilities/Total Assets
=1.346/24.872
=0.05

* 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.


Ionic Rare Earths  (OTCPK:IXRRF) 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.


Ionic Rare Earths Liabilities-to-Assets Related Terms

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Ionic Rare Earths (Ionic Rare Earths) Business Description

Traded in Other Exchanges
Address
259 Colins Street, Level 5 South, Melbourne, VIC, AUS, 3000
Ionic Rare Earths Ltd is a mineral exploration company, Its projects include the Makuutu project and San Isidro. The company operates in Australia and Nicaragua and Uganda.

Ionic Rare Earths (Ionic Rare Earths) Headlines