Prime Mining (TSX:PRYM) Liabilities-to-Assets : 0.05 (As of Mar. 2024)

Prime Mining Liabilities-to-Assets Chart

Prime Mining Annual Data
	Trend	Apr14	Apr15	Apr16	Apr17	Apr18	Apr19	Apr20	Apr21	Dec22	Dec23
Liabilities-to-Assets		Get a 7-Day Free Trial					0.13	0.20	0.04	0.06	0.07

Prime Mining Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Liabilities-to-Assets	Get a 7-Day Free Trial															0.06	0.06	0.04	0.07	0.05

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

For the Other Industrial Metals & Mining subindustry, Prime Mining'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.

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

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

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

Prime Mining 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.

Prime Mining's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Prime Mining's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 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.

Prime Mining  (TSX:PRYM) 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.

Prime Mining Liabilities-to-Assets Related Terms

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Prime Mining (TSX:PRYM) Business Description