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Alterego Ventures 24 (TSXV:ALTR.P) Liabilities-to-Assets : 0.06 (As of Mar. 2024)


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What is Alterego Ventures 24 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. Alterego Ventures 24's Total Liabilities for the quarter that ended in Mar. 2024 was C$0.01 Mil. Alterego Ventures 24's Total Assets for the quarter that ended in Mar. 2024 was C$0.14 Mil. Therefore, Alterego Ventures 24's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 was 0.06.


Alterego Ventures 24 Liabilities-to-Assets Historical Data

The historical data trend for Alterego Ventures 24'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.

* Premium members only.

Alterego Ventures 24 Liabilities-to-Assets Chart

Alterego Ventures 24 Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Liabilities-to-Assets
0.32 0.61 0.06 0.09 0.11

Alterego Ventures 24 Quarterly Data
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.09 0.09 0.06 0.11 0.06

Competitive Comparison of Alterego Ventures 24's Liabilities-to-Assets

For the Shell Companies subindustry, Alterego Ventures 24'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.


Alterego Ventures 24's Liabilities-to-Assets Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Alterego Ventures 24's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Alterego Ventures 24's Liabilities-to-Assets falls into.



Alterego Ventures 24 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.

Alterego Ventures 24'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
=0.02/0.176
=0.11

Alterego Ventures 24'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
=0.008/0.139
=0.06

* 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.


Alterego Ventures 24  (TSXV:ALTR.P) 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.


Alterego Ventures 24 Liabilities-to-Assets Related Terms

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Alterego Ventures 24 (TSXV:ALTR.P) Business Description

Traded in Other Exchanges
N/A
Address
5255 Yonge Street, Suite 1110, Toronto, ON, CAN, M2N 6P4
Website
A-Labs Capital V Corp is a capital pool company.

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