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. Indoor Harvest's Total Liabilities for the quarter that ended in Sep. 2023 was $0.89 Mil. Indoor Harvest's Total Assets for the quarter that ended in Sep. 2023 was $0.64 Mil.
Therefore, Indoor Harvest's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2023 was 1.39.
Indoor Harvest Liabilities-to-Assets Historical Data
The historical data trend for Indoor Harvest'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 Indoor Harvest's Liabilities-to-Assets
For the Drug Manufacturers - Specialty & Generic subindustry, Indoor Harvest'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.
Indoor Harvest's Liabilities-to-Assets Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Indoor Harvest's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Indoor Harvest's Liabilities-to-Assets falls into.
Indoor Harvest 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.
Indoor Harvest's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2022 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.
Indoor Harvest Liabilities-to-Assets Related Terms
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Indoor Harvest (Indoor Harvest) Business Description
Indoor Harvest Corp develops, process, and provide cannabis medicines. The company provides cannabis industry production platforms for building integrated agriculture (BIA) production. It focuses on Genetics, Tissue Culture, Controlled Environment Ag technologies, including high-pressure Aeroponic Cultivation, Micropropagation, and Cultivation operations. It focuses on an integrated consolidation platform offering for cannabis industry companies focused on hemp, other hemp-related products, CBD, CPG, and ancillary business verticals.
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