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. Mesabi Trust's Total Liabilities for the quarter that ended in Jan. 2024 was $5.72 Mil. Mesabi Trust's Total Assets for the quarter that ended in Jan. 2024 was $26.69 Mil.
Therefore, Mesabi Trust's Liabilities-to-Assets Ratio for the quarter that ended in Jan. 2024 was 0.21.
Mesabi Trust Liabilities-to-Assets Historical Data
The historical data trend for Mesabi Trust'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.
Competitive Comparison of Mesabi Trust's Liabilities-to-Assets
For the Steel subindustry, Mesabi Trust'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.
Mesabi Trust's Liabilities-to-Assets Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Mesabi Trust's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Mesabi Trust's Liabilities-to-Assets falls into.
Mesabi Trust 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.
Mesabi Trust's Liabilities-to-Assets Ratio for the fiscal year that ended in Jan. 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.
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.
Mesabi Trust Liabilities-to-Assets Related Terms
Thank you for viewing the detailed overview of Mesabi Trust's Liabilities-to-Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Mesabi Trust operates as a royalty trust in the United States. The company involves in the conservation and protection of the assets held. Its principally wholly-owned segment is iron ore mining segment and it generates income from the Peter Mitchell Mine, an iron mine located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range. The principal assets of the firm consist of two different interests in certain properties in the Mesabi Iron Range and beneficial interest in the Mesabi Land Trust.
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