iFIT Health & Fitness (iFIT Health & Fitness) Liabilities-to-Assets : 1.49 (As of May. 2020)

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What is iFIT Health & Fitness 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. iFIT Health & Fitness's Total Liabilities for the quarter that ended in May. 2020 was $553 Mil. iFIT Health & Fitness's Total Assets for the quarter that ended in May. 2020 was $372 Mil. Therefore, iFIT Health & Fitness's Liabilities-to-Assets Ratio for the quarter that ended in May. 2020 was 1.49.

iFIT Health & Fitness Liabilities-to-Assets Historical Data

The historical data trend for iFIT Health & Fitness'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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iFIT Health & Fitness Liabilities-to-Assets Chart

iFIT Health & Fitness Annual Data

Trend

May19

May20

May21

Liabilities-to-Assets

1.49

1.68

iFIT Health & Fitness Quarterly Data
	May19	May20	May21
Liabilities-to-Assets	-	1.49	1.68

Competitive Comparison of iFIT Health & Fitness's Liabilities-to-Assets

For the Leisure subindustry, iFIT Health & Fitness'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.

iFIT Health & Fitness's Liabilities-to-Assets Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, iFIT Health & Fitness's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where iFIT Health & Fitness's Liabilities-to-Assets falls into.

iFIT Health & Fitness 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.

iFIT Health & Fitness's Liabilities-to-Assets Ratio for the fiscal year that ended in May. 2021 is calculated as:

Liabilities-to-Assets (A: May. 2021 )	=	Total Liabilities	/	Total Assets
	=	1662.725	/	992.566
	=	1.68

iFIT Health & Fitness's Liabilities-to-Assets Ratio for the quarter that ended in May. 2020 is calculated as

Liabilities-to-Assets (Q: May. 2020 )	=	Total Liabilities	/	Total Assets
	=	553.285	/	372.129
	=	1.49

iFIT Health & Fitness (NAS:IFIT) 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.

iFIT Health & Fitness Liabilities-to-Assets Related Terms

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iFIT Health & Fitness (iFIT Health & Fitness) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » iFIT Health & Fitness Inc (NAS:IFIT) » Definitions » Liabilities-to-Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1500 South 1000 West, Logan, UT, USA, 84321

Website

https://www.ifit.com

iFIT Health & Fitness Inc is a health and fitness subscription technology company. It is an integrated health and fitness platform, designed to connect proprietary software, experiential content, and interactive hardware to deliver an unmatched connected fitness experience. It has two segments. The Interactive Fitness Products segment, which is the key revenue driver, derives revenue from the sale of the treadmills, bikes, ellipticals, rowers, climbers, strength equipment, fitness mirrors, yoga equipment, and accessories. The Subscription segment derives revenue from iFIT subscriptions and the sale of extended warranties on the fitness equipment.