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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. SMG Industries's Total Liabilities for the quarter that ended in Sep. 2023 was $61.12 Mil. SMG Industries's Total Assets for the quarter that ended in Sep. 2023 was $76.13 Mil. Therefore, SMG Industries's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2023 was 0.80.
The historical data trend for SMG Industries'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.
SMG Industries Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Liabilities-to-Assets | Get a 7-Day Free Trial | 1.03 | 1.14 | 1.39 | 1.55 | 2.20 |
SMG Industries 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 | 2.01 | 2.20 | 2.35 | 2.52 | 0.80 |
For the Oil & Gas Equipment & Services subindustry, SMG Industries'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.
For the Oil & Gas industry and Energy sector, SMG Industries's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where SMG Industries's Liabilities-to-Assets falls into.
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.
SMG Industries'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 |
= | 48.704 | / | 22.182 | |
= | 2.20 |
SMG Industries'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 |
= | 61.12 | / | 76.126 | |
= | 0.80 |
* 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.
SMG Industries (OTCPK:SMGI) 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.
Thank you for viewing the detailed overview of SMG Industries's Liabilities-to-Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Timothy W Barnhart | director, officer: Chief Financial Officer | 9251 WEST MAIN ROAD, NORTH EAST PA 16428 |
Bryan S Barnhart | director, officer: Chief Executive Officer | 9251 WEST MAIN ROAD, NORTH EAST PA 16428 |
Wilson Newton W Iii | director, 10 percent owner | C/O KEY ENERGY SERVICES, INC., 1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010 |
Frye James E. Jr. | director, 10 percent owner | 4090 N. HWY US 79, PALESTINE TX 75801 |
Newton W. Dorsett | director | 220 TRAVIS STREET, SUITE 501, SHREVEPORT LA 71101 |
Brady E. Crosswell | director, 10 percent owner | 902 WILD VALLEY ROAD, HOUSTON TX 77057 |
Steven H Madden | 10 percent owner | 9821 KATY FWY, STE 880, APEX HERITAGE GROUP, HOUSTON TX 77024 |
Allen Ray Parrott | officer: Chief Financial Officer | 10626 SHELDON ROAD, HOUSTON TX 77044 |
Jeffrey Ralph Martini | officer: Chief Executive Officer | 18226 MEMORIAL SPRINGS CT., TOMBALL TX 77375 |
Joseph L Page | director | 8523 OLD QUARRY DR, SUGAR LAND TX 77479 |
Matthew C Flemming | director, officer: President, CEO and Chairman | 18614 RESICA FALLS, HOUSTON TX 77094 |
Stephen Christian | officer: Executive Vice President | 710 N. POST ROAD, SUITE 400, HOUSTON TX 77024 |
Robert Michael Villarreal | director | 710 N POST OAK ROAD, SUITE 315, HOUSTON TX 77024 |
George W Gilman | 10 percent owner | 710 N. POST OAK RD., SUITE 400, HOUSTON TX 77024 |
Gilbert Michael A. Ii | director | 851 WYCLIFFE DRIVE, HOUSTON TX 77079 |
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