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. Switch's Total Liabilities for the quarter that ended in Sep. 2022 was $2,268.1 Mil. Switch's Total Assets for the quarter that ended in Sep. 2022 was $3,301.3 Mil.
Therefore, Switch's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2022 was 0.69.
Switch Liabilities-to-Assets Historical Data
The historical data trend for Switch'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 Switch's Liabilities-to-Assets
For the Information Technology Services subindustry, Switch'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.
Switch's Liabilities-to-Assets Distribution in the Software Industry
For the Software industry and Technology sector, Switch's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Switch's Liabilities-to-Assets falls into.
Switch 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.
Switch'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.
Switch Liabilities-to-Assets Related Terms
Thank you for viewing the detailed overview of Switch's Liabilities-to-Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Switch Inc is a US-based technology infrastructure company. It is engaged in designing, constructing, and operating hyper-scale data centers. The company has developed patented technologies that have redefined data center space and cooling, allowing customers to deploy high-density and scalable IT architectures to support demanding and critical workloads. Switch owns and operates primary campus locations called Primes. These Primes are The Core Campus in Vegas, Nevada; The Citadel Campus near Reno, Nevada; The Pyramid Campus in Grand Rapids, Michigan; and The Keep Campus in Atlanta, Georgia. It generates the majority of its revenue through colocation, which includes the licensing and leasing of cabinet space & power.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SWCH has been successfully added to your 