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. Gaodi Holdings's Total Liabilities for the quarter that ended in Jun. 2023 was HK$73.1 Mil. Gaodi Holdings's Total Assets for the quarter that ended in Jun. 2023 was HK$313.2 Mil.
Therefore, Gaodi Holdings's Liabilities-to-Assets Ratio for the quarter that ended in Jun. 2023 was 0.23.
Gaodi Holdings Liabilities-to-Assets Historical Data
The historical data trend for Gaodi 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.
Competitive Comparison of Gaodi Holdings's Liabilities-to-Assets
For the Packaged Foods subindustry, Gaodi 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.
Gaodi Holdings's Liabilities-to-Assets Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Gaodi Holdings's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Gaodi Holdings's Liabilities-to-Assets falls into.
Gaodi 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.
Gaodi Holdings's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2021 is calculated as:
* 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.
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.
Gaodi Holdings Liabilities-to-Assets Related Terms
Thank you for viewing the detailed overview of Gaodi Holdings's Liabilities-to-Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
China Shenghai Group Ltd is engaged in the packaging and sales of seafood products and procurement and sales of fast moving consumer goods and others to the supermarket chains and convenience stores located across China. The company's products are categorized into dried seafood, algae and fungi, seafood snack and frozen seafood products. It has also developed new business on FMCG and cosmetics in Hong Kong and China. Its operating segments include packaging and sales of marine products segment and all other segment. It derives majority of the revenue from packaging and sales of marine products segment.
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