TSX:LSG.DB - Post by User
Comment by
ts9222on Aug 03, 2015 4:15pm
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Post# 23985109
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ts9222
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ts9222Then why do financial sites use debt to equity ratio and not your Total Liabilities to equity ratio?
Total liabilities include accounts payable, and your ratio would ignore accounts receivable and other assets.
From LSG Q2 financial statement
Current liabilities 38,850
Non-current liabilities 107,558
Total liabilities 146.4m
Equity 487,080
Your ratio Total Liabilities/Equity for LSG = 146.4m / 487m = 0.30
I'm not getting your 0.219 number.
EDV has 4 mines in 4 different countries. They have accounts payable for each of the 4 countries. If you divide their accounts payable by 4 for each country then it isn't that out of the ordinary.