First Abacus Financial Holdings (PHS:FAF) Liabilities-to-Assets : 0.90 (As of Mar. 2024)

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What is First Abacus Financial 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. First Abacus Financial Holdings's Total Liabilities for the quarter that ended in Mar. 2024 was ₱6,336.44 Mil. First Abacus Financial Holdings's Total Assets for the quarter that ended in Mar. 2024 was ₱7,044.93 Mil. Therefore, First Abacus Financial Holdings's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 was 0.90.

First Abacus Financial Holdings Liabilities-to-Assets Historical Data

The historical data trend for First Abacus Financial 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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First Abacus Financial Holdings Liabilities-to-Assets Chart

First Abacus Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Liabilities-to-Assets

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0.88

0.87

0.86

0.87

0.91

First Abacus Financial Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Liabilities-to-Assets	Get a 7-Day Free Trial															0.87	0.88	0.87	0.91	0.90

Competitive Comparison of First Abacus Financial Holdings's Liabilities-to-Assets

For the Capital Markets subindustry, First Abacus Financial 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.

First Abacus Financial Holdings's Liabilities-to-Assets Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, First Abacus Financial Holdings's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where First Abacus Financial Holdings's Liabilities-to-Assets falls into.

First Abacus Financial 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.

First Abacus Financial Holdings's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Liabilities-to-Assets (A: Dec. 2023 )	=	Total Liabilities	/	Total Assets
	=	6409.148	/	7017.093
	=	0.91

First Abacus Financial 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
	=	6336.441	/	7044.931
	=	0.90

First Abacus Financial Holdings (PHS:FAF) 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 Abacus Financial Holdings Liabilities-to-Assets Related Terms

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First Abacus Financial Holdings (PHS:FAF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » First Abacus Financial Holdings Corp (PHS:FAF) » Definitions » Liabilities-to-Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Exchange Road, Ortigas Center, Unit 2904-A East Tower, Philippine Stock Exchange Centre, Pasig, PHL, 1600

Website

http://www.firstabacusfinancial.com.ph

First Abacus Financial Holdings Corp is engaged in, through its subsidiaries, stockbroking activities, investment banking, real estate business, and other financial services. The company provides financial advisory services, debt underwriting and loan arrangements service, treasury sales service, and others. Its segments include Securities brokerage; Investment banking; Leasing and others, of which key revenue is generated from the Securities brokerage segment which handles buying and selling of shares of stock, bonds, and other securities.