VGFCQ (The Very Good Food Co) Equity-to-Asset: 0.33 (As of Sep. 2022)

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VGFCQ The Very Good Food Co Inc VGFCQ
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What is The Very Good Food Co Equity-to-Asset?

The Very Good Food Co VGFCQ -99.98% 12 Equity-to-Asset is 0.33 as of Sep. 2022. GuruFocus rates VGFCQ with a GF Score™ of 12/100.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. The Very Good Food Co's Total Stockholders Equity for the quarter that ended in Sep. 2022 was $11.37 Mil. The Very Good Food Co's Total Assets for the quarter that ended in Sep. 2022 was $34.84 Mil. Therefore, The Very Good Food Co's Equity to Asset Ratio for the quarter that ended in Sep. 2022 was 0.33.

The historical rank and industry rank for The Very Good Food Co's Equity-to-Asset or its related term are showing as below:

VGFCQ's Equity-to-Asset is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 0.55
* Ranked among companies with meaningful Equity-to-Asset only.

The Very Good Food Co  (OTCPK:VGFCQ) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


The Very Good Food Co Equity-to-Asset Related Terms


The Very Good Food Co Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for The Very Good Food Co's Equity-to-Asset 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.

The Very Good Food Co Equity-to-Asset Chart

The Very Good Food Co Annual Data
Trend Dec19 Dec20 Dec21
Equity-to-Asset
-0.25 0.79 0.51

The Very Good Food Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.46 0.51 0.46 0.28 0.33

VGFCQ vs KHC, GIS, HRL: Equity-to-Asset Comparison

For the Packaged Foods subindustry, The Very Good Food Co's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.


The Very Good Food Co Equity-to-Asset vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Very Good Food Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where The Very Good Food Co's Equity-to-Asset falls into.


VGFCQ
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The Very Good Food Co Inc VGFCQ
Equity-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
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The Very Good Food Co Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

The Very Good Food Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Equity to Asset (A: Dec. 2021 )=Total Stockholders Equity/Total Assets
=31.388/61.206
=0.51

The Very Good Food Co's Equity to Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

Equity to Asset (Q: Sep. 2022 )=Total Stockholders Equity/Total Assets
=11.367/34.843
=0.33

* 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.

Frequently Asked Questions Learn more about Equity-to-Asset →
What does a Equity-to-Asset of 0.33 mean?
The Very Good Food Co (VGFCQ) has a Equity-to-Asset of 0.33 as of Sep. 2022. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on The Very Good Food Co and its competitors.
Is The Very Good Food Co's Equity-to-Asset too high?
The Very Good Food Co's current Equity-to-Asset is 0.33. The Consumer Packaged Goods industry median Equity-to-Asset is 0.55. The Very Good Food Co's value of 0.33 is 40% below this industry median. Overall, The Very Good Food Co has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does The Very Good Food Co's Equity-to-Asset compare to KHC and GIS?
The Very Good Food Co's Equity-to-Asset of 0.33 can be compared against companies in the Consumer Packaged Goods industry. The industry median Equity-to-Asset is 0.55. The Very Good Food Co's value of 0.33 is 40% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Consumer Packaged Goods company?
The median Equity-to-Asset among Consumer Packaged Goods companies is 0.55, based on 2,002 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The Very Good Food Co's current Equity-to-Asset of 0.33 is 40% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on The Very Good Food Co and its competitors. For the Consumer Packaged Goods industry, the median Equity-to-Asset is 0.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Very Good Food Co's current Equity-to-Asset is 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Very Good Food Co stock overvalued right now?
The Very Good Food Co (VGFCQ) has a current Equity-to-Asset of 0.33. The current Equity-to-Asset is 0.33 and 40% below the Consumer Packaged Goods industry median of 0.55. The Very Good Food Co's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For The Very Good Food Co (VGFCQ), the current Equity-to-Asset is 0.33 as of Sep. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

The Very Good Food Co Business Description

Address 2748 Rupert Street, Vancouver, BC, CAN, M4W 3P4
The Very Good Food Co Inc operates in the food industry. The company is a food technology company that designs, develops, produces, distributes, and sells a variety of plant-based meat and other food alternatives.
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