Costa Group Holdings (ASX:CGC) Liabilities-to-Assets : 0.62 (As of Jun. 2023)

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What is Costa Group Holdings Liabilities-to-Assets?

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. Costa Group Holdings's Total Liabilities for the quarter that ended in Jun. 2023 was A$1,362 Mil. Costa Group Holdings's Total Assets for the quarter that ended in Jun. 2023 was A$2,209 Mil. Therefore, Costa Group Holdings's Liabilities-to-Assets Ratio for the quarter that ended in Jun. 2023 was 0.62.

Costa Group Holdings Liabilities-to-Assets Historical Data

The historical data trend for Costa Group Holdings'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.

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Costa Group Holdings Liabilities-to-Assets Chart

Costa Group Holdings Annual Data

Trend

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Liabilities-to-Assets

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0.54

0.53

0.59

0.60

Costa Group Holdings Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Liabilities-to-Assets	Get a 7-Day Free Trial											0.56	0.59	0.60	0.60	0.62

Competitive Comparison of Costa Group Holdings's Liabilities-to-Assets

For the Farm Products subindustry, Costa Group Holdings'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.

Costa Group Holdings's Liabilities-to-Assets Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Costa Group Holdings's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Costa Group Holdings's Liabilities-to-Assets falls into.

Costa Group Holdings 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.

Costa Group Holdings's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Liabilities-to-Assets (A: Dec. 2022 )	=	Total Liabilities	/	Total Assets
	=	1242.028	/	2057.589
	=	0.60

Costa Group Holdings's Liabilities-to-Assets Ratio for the quarter that ended in Jun. 2023 is calculated as

Liabilities-to-Assets (Q: Jun. 2023 )	=	Total Liabilities	/	Total Assets
	=	1361.603	/	2209.283
	=	0.62

Costa Group Holdings (ASX:CGC) Liabilities-to-Assets Explanation

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.

Costa Group Holdings Liabilities-to-Assets Related Terms

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Costa Group Holdings (ASX:CGC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Costa Group Holdings Ltd (ASX:CGC) » Definitions » Liabilities-to-Assets

Comparable Companies

Traded in Other Exchanges

CTTQF:USA

Address

275 Robinsons Road, Unit 1, Ravenhall, VIC, AUS, VIC 3023

Website

https://www.costagroup.com.au

Costa Group is the largest fresh produce company in Australia, with an estimated market share of over 15%, principally supplying fresh fruit and vegetables to the major Australian supermarkets. While supplemented by third-party growers, the firm's products are predominantly sourced from around 7,200 planted hectares of farmland, 40 hectares of tomato glasshouse facilities, and mushroom-growing facilities across Australia. Costa also operates berry farms in Morocco and China as part of its international business.