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Tarachi Gold (XCNQ:TRG) Liabilities-to-Assets : 0.00 (As of Jan. 2024)


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What is Tarachi Gold 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. Tarachi Gold's Total Liabilities for the quarter that ended in Jan. 2024 was C$0.01 Mil. Tarachi Gold's Total Assets for the quarter that ended in Jan. 2024 was C$3.42 Mil. Therefore, Tarachi Gold's Liabilities-to-Assets Ratio for the quarter that ended in Jan. 2024 was 0.00.


Tarachi Gold Liabilities-to-Assets Historical Data

The historical data trend for Tarachi Gold'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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Tarachi Gold Liabilities-to-Assets Chart

Tarachi Gold Annual Data
Trend Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Liabilities-to-Assets
Get a 7-Day Free Trial 0.09 0.40 0.33 0.24 0.02

Tarachi Gold Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 0.06 0.12 0.02 0.02 -

Competitive Comparison of Tarachi Gold's Liabilities-to-Assets

For the Gold subindustry, Tarachi Gold'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.


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

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

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



Tarachi Gold 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.

Tarachi Gold's Liabilities-to-Assets Ratio for the fiscal year that ended in Jul. 2023 is calculated as:

Liabilities-to-Assets (A: Jul. 2023 )=Total Liabilities/Total Assets
=0.058/3.462
=0.02

Tarachi Gold's Liabilities-to-Assets Ratio for the quarter that ended in Jan. 2024 is calculated as

Liabilities-to-Assets (Q: Jan. 2024 )=Total Liabilities/Total Assets
=0.007/3.418
=0.00

* 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.


Tarachi Gold  (XCNQ:TRG) 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.


Tarachi Gold Liabilities-to-Assets Related Terms

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Tarachi Gold (XCNQ:TRG) Business Description

Traded in Other Exchanges
Address
700 -1090 West Georgia Street, Vancouver, BC, CAN, V6E 3V7
Tarachi Gold Corp is a gold development and exploration company engaged in the evaluation and development of assets in Mexico. The company's project includes Tarachi Project in Sonora State and Magistral Mills & Tailings in Durango State.
Executives
Michael Konnert Director

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