Cannon Resources (ASX:CNR) Liabilities-to-Assets : 0.06 (As of Dec. 2021)

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What is Cannon Resources 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. Cannon Resources's Total Liabilities for the quarter that ended in Dec. 2021 was A$0.93 Mil. Cannon Resources's Total Assets for the quarter that ended in Dec. 2021 was A$15.31 Mil. Therefore, Cannon Resources's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2021 was 0.06.

Cannon Resources Liabilities-to-Assets Historical Data

The historical data trend for Cannon Resources'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.

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Cannon Resources Liabilities-to-Assets Chart

Cannon Resources Annual Data

Trend

Jun22

Liabilities-to-Assets

0.11

Cannon Resources Semi-Annual Data
	Dec21	Jun22
Liabilities-to-Assets	0.06	0.11

Competitive Comparison of Cannon Resources's Liabilities-to-Assets

For the Other Industrial Metals & Mining subindustry, Cannon Resources'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.

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

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

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

Cannon Resources 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.

Cannon Resources's Liabilities-to-Assets Ratio for the fiscal year that ended in Jun. 2022 is calculated as:

Liabilities-to-Assets (A: Jun. 2022 )	=	Total Liabilities	/	Total Assets
	=	1.395	/	12.649
	=	0.11

Cannon Resources's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2021 is calculated as

Liabilities-to-Assets (Q: Dec. 2021 )	=	Total Liabilities	/	Total Assets
	=	0.926	/	15.305
	=	0.06

Cannon Resources (ASX:CNR) 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.

Cannon Resources Liabilities-to-Assets Related Terms

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Cannon Resources (ASX:CNR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cannon Resources Ltd (ASX:CNR) » Definitions » Liabilities-to-Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

87 Colin Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.cannonres.com.au

Cannon Resources Ltd is a mineral exploration and development company. It is engaged in two projects located in the North-Eastern Goldfields region of Western Australia. The Fisher East Project contains nickel deposits of Camelwood, Cannonball, and Musket; and the Collurabbie Project. The Group operates within the mineral exploration industry in Australia.