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Gold Flora (Gold Flora) Liabilities-to-Assets : 1.03 (As of Dec. 2023)


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What is Gold Flora 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. Gold Flora's Total Liabilities for the quarter that ended in Dec. 2023 was $233.61 Mil. Gold Flora's Total Assets for the quarter that ended in Dec. 2023 was $226.37 Mil. Therefore, Gold Flora's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 1.03.


Gold Flora Liabilities-to-Assets Historical Data

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

Gold Flora Annual Data
Trend Dec22 Dec23
Liabilities-to-Assets
1.15 1.03

Gold Flora Quarterly Data
Sep22 Dec22 Sep23 Dec23
Liabilities-to-Assets - 1.15 0.88 1.03

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

For the Tobacco subindustry, Gold Flora'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.


Gold Flora's Liabilities-to-Assets Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Gold Flora's Liabilities-to-Assets distribution charts can be found below:

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



Gold Flora 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.

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

Liabilities-to-Assets (A: Dec. 2023 )=Total Liabilities/Total Assets
=233.614/226.366
=1.03

Gold Flora's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 is calculated as

Liabilities-to-Assets (Q: Dec. 2023 )=Total Liabilities/Total Assets
=233.614/226.366
=1.03

* 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.


Gold Flora  (OTCPK:GRAM) 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.


Gold Flora Liabilities-to-Assets Related Terms

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Gold Flora (Gold Flora) Business Description

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Traded in Other Exchanges
Address
3165 Red Hill Avenue, Costa Mesa, CA, USA, 92626
Gold Flora Corp is one of the few cannabis brands that is vertically integrated and woman-owned and operated. Gold Flora started with a mission to provide an easy and consistent way for consumers to enjoy cannabis. After years of hard work and a shared passion for the plant, Gold Flora has become a California powerhouse - with cultivation, manufacturing, extraction, distribution, retail and a portfolio of brands that create an array of superior products that make a difference in people's lives. Its products include disposable vape pens and gold flora flowers.

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