Mining Global (Mining Global) Liabilities-to-Assets : 2.80 (As of Aug. 2023)

Mining Global Liabilities-to-Assets Chart

Mining Global Annual Data
	Trend	Aug10	Aug11	Aug12	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21	Aug22
Liabilities-to-Assets		Get a 7-Day Free Trial					1.71	1.80	1.85	0.51	-

Mining Global Semi-Annual Data
	Aug08	Aug09	Aug10	Aug11	Aug12	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21	Aug22	Aug23
Liabilities-to-Assets	Get a 7-Day Free Trial								1.80	1.85	0.51	-	2.80

Competitive Comparison of Mining Global's Liabilities-to-Assets

For the Gold subindustry, Mining Global'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.

Mining Global's Liabilities-to-Assets Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Mining Global's Liabilities-to-Assets falls into.

Mining Global 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.

Mining Global's Liabilities-to-Assets Ratio for the fiscal year that ended in Aug. 2022 is calculated as:

Mining Global's Liabilities-to-Assets Ratio for the quarter that ended in Aug. 2023 is calculated as

* 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.

Mining Global  (OTCPK:MNGG) 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.

Mining Global Liabilities-to-Assets Related Terms

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Mining Global (Mining Global) Business Description