True North Gems Inc (TGX) - Total Liabilities

Latest as of September 2025: CA$7.19 Million CAD ≈ $5.20 Million USD

Based on the latest financial reports, True North Gems Inc (TGX) has total liabilities worth CA$7.19 Million CAD (≈ $5.20 Million USD) as of September 2025. Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities. Explore cash efficiency ratio of True North Gems Inc to assess how effectively this company generates cash.

True North Gems Inc - Total Liabilities Trend (2013–2024)

This chart illustrates how True North Gems Inc's total liabilities have evolved over time, based on quarterly financial data. Check True North Gems Inc liquidity resilience to evaluate the company's liquid asset resilience ratio.

True North Gems Inc Competitors by Total Liabilities

The table below lists competitors of True North Gems Inc ranked by their total liabilities.

Company	Country	Total Liabilities
GO2 People Ltd AU:GO2	Australia	AU$2.69K
Cleghorn Minerals Ltd V:CZZ	Canada	CA$8.01K
Generation Income Properties Inc NASDAQ:GIPR	USA	$68.88 Million
Wang & Lee Group, Inc. Ordinary Shares NASDAQ:WLGS	USA	$5.23 Million
Nusantara Inti Corpora Tbk JK:UNIT	Indonesia	Rp116.65 Million
BlockMint Technologies Inc V:BKMT	Canada	CA$45.76K

Liability Composition Analysis (2013–2024)

This chart breaks down True North Gems Inc's total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted. For the full company profile including market capitalisation, see True North Gems Inc (TGX) market capitalisation.

Liquidity & Leverage Metrics

Key Metrics Explained

Metric	Value	Description
Current Ratio	0.91	Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities)
Quick Ratio	N/A	More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities)
Cash Ratio	N/A	Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities)
Debt to Equity	-1.01	Measures financial leverage (Total Liabilities ÷ Shareholder Equity)
Debt to Assets	82.00	Portion of assets financed with debt (Total Liabilities ÷ Total Assets)

Liability Trends Comparison

This chart compares key liability metrics across different time periods, showing how True North Gems Inc's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.

Annual Total Liabilities for True North Gems Inc (2013–2024)

The table below shows the annual total liabilities of True North Gems Inc from 2013 to 2024.

Year	Total Liabilities	Change
2024-12-31	CA$6.97 Million ≈ $5.04 Million	+2.58%
2023-12-31	CA$6.80 Million ≈ $4.92 Million	+4.03%
2022-12-31	CA$6.54 Million ≈ $4.73 Million	+4.61%
2021-12-31	CA$6.25 Million ≈ $4.52 Million	-5.39%
2020-12-31	CA$6.60 Million ≈ $4.78 Million	+44.10%
2019-12-31	CA$4.58 Million ≈ $3.31 Million	-28.15%
2018-12-31	CA$6.38 Million ≈ $4.61 Million	+28.69%
2017-12-31	CA$4.96 Million ≈ $3.59 Million	+152.29%
2016-12-31	CA$1.96 Million ≈ $1.42 Million	-75.56%
2015-12-31	CA$8.04 Million ≈ $5.82 Million	+192.20%
2014-12-31	CA$2.75 Million ≈ $1.99 Million	+9.94%
2013-12-31	CA$2.50 Million ≈ $1.81 Million	--

About True North Gems Inc

V:TGX Canada Other Precious Metals & Mining

Market Cap

$1.46 Million

CA$2.01 Million CAD

Market Cap Rank

#29994 Global

#1555 in Canada

Share Price

CA$0.18

Change (1 day)

+0.00%

52-Week Range

CA$0.12 - CA$0.25

All Time High

CA$180.00