LMPX (LMP Automotive Holdings) Liabilities-to-Assets : 0.83 (As of Sep. 2021)

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LMPX LMP Automotive Holdings Inc LMPX
18 GF Score
Price $0.09
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What is LMP Automotive Holdings Liabilities-to-Assets?

LMP Automotive Holdings LMPX 18 Liabilities-to-Assets is 0.83 as of Sep. 2021. GuruFocus rates LMPX with a GF Score™ of 18/100.

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. LMP Automotive Holdings's Total Liabilities for the quarter that ended in Sep. 2021 was $177.3 Mil. LMP Automotive Holdings's Total Assets for the quarter that ended in Sep. 2021 was $214.2 Mil. Therefore, LMP Automotive Holdings's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2021 was 0.83.


LMP Automotive Holdings  (OTCPK:LMPX) 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.


LMP Automotive Holdings Liabilities-to-Assets Related Terms


LMP Automotive Holdings Liabilities-to-Assets Historical Data

* Premium members only.

The historical data trend for LMP Automotive 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.

LMP Automotive Holdings Liabilities-to-Assets Chart

LMP Automotive Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20
Liabilities-to-Assets
0.41 0.31 0.20 0.15

LMP Automotive Holdings Quarterly Data
Dec17 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Liabilities-to-Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.13 0.15 0.84 0.86 0.83

LMPX vs LOTZ, JZXN, KFS: Liabilities-to-Assets Comparison

For the Auto & Truck Dealerships subindustry, LMP Automotive 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.


LMP Automotive Holdings Liabilities-to-Assets vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, LMP Automotive Holdings's Liabilities-to-Assets distribution charts can be found below:

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


LMPX
18GF Score
LMP Automotive Holdings Inc LMPX
Liabilities-to-Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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LMP Automotive 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.

LMP Automotive Holdings's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2020 is calculated as:

Liabilities-to-Assets (A: Dec. 2020 )=Total Liabilities/Total Assets
=5.269/34.413
=0.15

LMP Automotive Holdings's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2021 is calculated as

Liabilities-to-Assets (Q: Sep. 2021 )=Total Liabilities/Total Assets
=177.319/214.236
=0.83

* 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.

Frequently Asked Questions Learn more about Liabilities-to-Assets →
What does a Liabilities-to-Assets of 0.83 mean?
LMP Automotive Holdings (LMPX) has a Liabilities-to-Assets of 0.83 as of Sep. 2021. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on LMP Automotive Holdings and its competitors.
Is LMP Automotive Holdings' Liabilities-to-Assets too high?
LMP Automotive Holdings' current Liabilities-to-Assets is 0.83. Overall, LMP Automotive Holdings has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does LMP Automotive Holdings' Liabilities-to-Assets compare to LOTZ and JZXN?
LMP Automotive Holdings' Liabilities-to-Assets of 0.83 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Liabilities-to-Assets depends on the Vehicles & Parts 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 LMP Automotive Holdings and its competitors. LMP Automotive Holdings's current Liabilities-to-Assets is 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LMP Automotive Holdings stock overvalued right now?
LMP Automotive Holdings (LMPX) has a current Liabilities-to-Assets of 0.83. The current Liabilities-to-Assets is 0.83. LMP Automotive Holdings' overall GF Score™ is 18/100. 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 LMP Automotive Holdings (LMPX), the current Liabilities-to-Assets is 0.83 as of Sep. 2021. 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.

LMP Automotive Holdings Business Description

Address 500 East Broward Boulevard, Suite 1900, Fort Lauderdale, FL, USA, 33394
LMP Automotive Holdings Inc is an e-commerce and facilities-based retail platform for consumers who desire to buy, sell, rent, subscribe for or finance pre-owned and new automobiles. Its business model is described as Buy, Rent or Subscribe, Sell and Repeat. The company offer sales of pre-owned automobiles, and rentals and subscriptions for both pre-owned and new automobiles.
18GF Score

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Liabilities-to-Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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