TASK Group Holdings (ASX:TSK) Liabilities-to-Assets : 0.19 (As of Mar. 2024)

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What is TASK 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. TASK Group Holdings's Total Liabilities for the quarter that ended in Mar. 2024 was A$28.52 Mil. TASK Group Holdings's Total Assets for the quarter that ended in Mar. 2024 was A$154.35 Mil. Therefore, TASK Group Holdings's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 was 0.19.

TASK Group Holdings Liabilities-to-Assets Historical Data

The historical data trend for TASK 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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TASK Group Holdings Liabilities-to-Assets Chart

TASK Group Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Liabilities-to-Assets

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0.42

0.21

0.22

0.23

0.19

TASK Group Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Liabilities-to-Assets	Get a 7-Day Free Trial															0.22	0.26	0.23	0.23	0.19

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

For the Software - Application subindustry, TASK 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.

TASK Group Holdings's Liabilities-to-Assets Distribution in the Software Industry

For the Software industry and Technology sector, TASK Group Holdings's Liabilities-to-Assets distribution charts can be found below:

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

TASK 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.

TASK Group Holdings's Liabilities-to-Assets Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Liabilities-to-Assets (A: Mar. 2024 )	=	Total Liabilities	/	Total Assets
	=	28.515	/	154.351
	=	0.18

TASK Group Holdings's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 is calculated as

Liabilities-to-Assets (Q: Mar. 2024 )	=	Total Liabilities	/	Total Assets
	=	28.515	/	154.351
	=	0.18

TASK Group Holdings (ASX:TSK) 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.

TASK Group Holdings Liabilities-to-Assets Related Terms

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TASK Group Holdings (ASX:TSK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TASK Group Holdings Ltd (ASX:TSK) » Definitions » Liabilities-to-Assets

Comparable Companies

Traded in Other Exchanges

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Address

2 Graham Street, Level 2, Auckland, NZL, 1010

Website

https://TASKsoftware.com

TASK Group Holdings Ltd is a provider of technology solutions enabling its various hospitality clients to maximize their customer relationships in an increasingly digital world. TASK's end-to-end cloud-based platform helps clients to improve customer experiences across every transactional touchpoint, including digital customer-facing services, back-ofhouse and enterprise operations. The Group's ecosystem combines transaction services, personalisation, offer management and BI technology to help clients generate operational efficiencies, drive valuable data insights about their consumer base, activate new promotions and build brand loyalty.

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