The Very Good Food Co (The Very Good Food Co) Equity-to-Asset

: 0.33 (As of Sep. 2022)

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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: 0.53
* Ranked among companies with meaningful Equity-to-Asset only.

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

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.

* Premium members only.

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											0.46	0.51	0.46	0.28	0.33

Competitive 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 Distribution

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.

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

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

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The Very Good Food Co (The Very Good Food Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Very Good Food Co Inc (OTCPK:VGFCQ) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2748 Rupert Street, Vancouver, BC, CAN, V5M 3T7

Website

https://www.verygoodfood.com

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.