High Liner Foods (TSX:HLF) Equity-to-Asset

: 0.46 (As of Dec. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. High Liner Foods's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$518 Mil. High Liner Foods's Total Assets for the quarter that ended in Dec. 2023 was C$1,119 Mil. Therefore, High Liner Foods's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.46.

The historical rank and industry rank for High Liner Foods's Equity-to-Asset or its related term are showing as below:

TSX:HLF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.28 Med: 0.32 Max: 0.46
Current: 0.46

During the past 13 years, the highest Equity to Asset Ratio of High Liner Foods was 0.46. The lowest was 0.28. And the median was 0.32.

TSX:HLF's Equity-to-Asset is ranked worse than
60.6% of 1911 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs TSX:HLF: 0.46

High Liner Foods Equity-to-Asset Historical Data

The historical data trend for High Liner Foods'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.

High Liner Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.33

0.38

0.40

0.37

0.46

High Liner Foods Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset																0.37	0.40	0.43	0.45	0.46

Competitive Comparison

For the Packaged Foods subindustry, High Liner Foods'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.

High Liner Foods Equity-to-Asset Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, High Liner Foods's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where High Liner Foods's Equity-to-Asset falls into.

High Liner Foods 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.

High Liner Foods's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	517.664	/	1119.43
	=	0.46

High Liner Foods's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	517.664	/	1119.43
	=	0.46

High Liner Foods (TSX:HLF) 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%.

High Liner Foods Equity-to-Asset Related Terms

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High Liner Foods (TSX:HLF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » High Liner Foods Inc (TSX:HLF) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

HLNFF:USA 28Y:Germany

Address

100 Battery Point, P.O. Box 910, Lunenburg, NS, CAN, B0J 2C0

Website

https://www.highlinerfoods.com

High Liner Foods Inc is a Canadian company which is mainly engaged in the processing and marketing of prepared and packaged frozen seafood products. The company sells its products to institutions, health care facilities, and quick-service family and casual dining establishments. Its foodservice brands include High Liner Culinary, Mirabel, FPI, Viking, American Pride, High Liner, Fisher Boy, Sea Cuisine and others.