FIFG (First Foods Group) Liabilities-to-Assets : 118.51 (As of Sep. 2023)

What is First Foods Group Liabilities-to-Assets?

First Foods Group FIFG -99.50% Liabilities-to-Assets is 118.51 as of Sep. 2023.

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. First Foods Group's Total Liabilities for the quarter that ended in Sep. 2023 was $5.81 Mil. First Foods Group's Total Assets for the quarter that ended in Sep. 2023 was $0.05 Mil. Therefore, First Foods Group's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2023 was 118.51.

First Foods Group (OTCPK:FIFG) 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.

First Foods Group Liabilities-to-Assets Related Terms

First Foods Group Liabilities-to-Assets Historical Data

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The historical data trend for First Foods Group'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.

First Foods Group Liabilities-to-Assets Chart

First Foods Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Liabilities-to-Assets

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1.78

2.22

4.02

7.80

96.65

First Foods Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Liabilities-to-Assets	Get a 7-Day Free Trial															19.55	96.65	99.51	100.68	118.51

FIFG vs BLIS, JFIL, FRTG: Liabilities-to-Assets Comparison

For the Specialty Business Services subindustry, First Foods Group'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.

First Foods Group Liabilities-to-Assets vs Business Services Industry

For the Business Services industry and Industrials sector, First Foods Group's Liabilities-to-Assets distribution charts can be found below:

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

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First Foods Group 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.

First Foods Group'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
	=	5.219	/	0.054
	=	96.65

First Foods Group's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2023 is calculated as

Liabilities-to-Assets (Q: Sep. 2023 )	=	Total Liabilities	/	Total Assets
	=	5.807	/	0.049
	=	118.51

Frequently Asked Questions Learn more about Liabilities-to-Assets →

What does a Liabilities-to-Assets of 118.51 mean?

First Foods Group (FIFG) has a Liabilities-to-Assets of 118.51 as of Sep. 2023. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on First Foods Group and its competitors.

Is First Foods Group's Liabilities-to-Assets too high?

First Foods Group's current Liabilities-to-Assets is 118.51.

How does First Foods Group's Liabilities-to-Assets compare to BLIS and JFIL?

First Foods Group's Liabilities-to-Assets of 118.51 can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Liabilities-to-Assets for a Business Services company?

A good Liabilities-to-Assets depends on the Business Services industry context. However, Liabilities-to-Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Liabilities-to-Assets mean?

A high Liabilities-to-Assets can signal that a stock is expensive relative to its fundamentals. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on First Foods Group and its competitors. First Foods Group's current Liabilities-to-Assets is 118.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is First Foods Group stock overvalued right now?

First Foods Group (FIFG) has a current Liabilities-to-Assets of 118.51. The current Liabilities-to-Assets is 118.51. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Liabilities-to-Assets calculated?

Liabilities-to-Assets is calculated from a company's financial statements. For First Foods Group (FIFG), the current Liabilities-to-Assets is 118.51 as of Sep. 2023. 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.

First Foods Group Business Description

Industry Industrials Business Services

Comparable Companies BLIS JFIL FRTG SMX ELVG ADMQ GPOX LSE:REL TSX:TRI CTAS CPRT XAMS:WKL GPN XPAR:SW LSE:RTO ASX:BXB TSX:RBA DLB LSE:ITRK TSE:7911

Address c/o Incorp Services, Inc, 3773 Howard Hughes Parkway, Suite 500S, Las Vegas, NV, USA, 89169-6014

Website https://www.firstfoodsgroup.com

First Foods Group Inc is a smaller reporting company focused on developing specialty chocolate product line and related IP through its Holy Cacao subsidiary. In addition, it is also involved in merchant cash advance participations. Key revenue is derived from merchant cash advance income. It is also involved in new health-related brands, concepts and products through FFGI Wholesaling Division and participating in merchant cash advances through First Foods Funding Division. The Company conducts business as two operating segments, First Foods and Holy Cacao.