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. ITEX's Total Liabilities for the quarter that ended in Jul. 2023 was $0.99 Mil. ITEX's Total Assets for the quarter that ended in Jul. 2023 was $9.05 Mil.
Therefore, ITEX's Liabilities-to-Assets Ratio for the quarter that ended in Jul. 2023 was 0.11.
ITEX Liabilities-to-Assets Historical Data
The historical data trend for ITEX'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 ITEX's Liabilities-to-Assets
For the Capital Markets subindustry, ITEX'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.
ITEX's Liabilities-to-Assets Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, ITEX's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where ITEX's Liabilities-to-Assets falls into.
ITEX 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.
ITEX's Liabilities-to-Assets Ratio for the fiscal year that ended in Jul. 2023 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.
ITEX Liabilities-to-Assets Related Terms
Thank you for viewing the detailed overview of ITEX's Liabilities-to-Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
ITEX Corp operates a marketplace in which products and services are exchanged by marketplace members utilizing virtual currency. Its Marketplace provides a forum for members to purchase from and sell their products and services to other members using ITEX dollars instead of the United States dollars and Canadian dollars (USD or cash). It administers the marketplace and provides record-keeping and payment transaction processing services for its members. They generate revenue by charging members percentage-based transaction fees, association fees, and other fees assessed in United States dollars and Canadian dollars.
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