VGFCQ (The Very Good Food Co) Liabilities-to-Assets : 0.67 (As of Sep. 2022)

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VGFCQ The Very Good Food Co Inc VGFCQ
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What is The Very Good Food Co Liabilities-to-Assets?

The Very Good Food Co VGFCQ -99.98% 12 Liabilities-to-Assets is 0.67 as of Sep. 2022. GuruFocus rates VGFCQ with a GF Score™ of 12/100.

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. The Very Good Food Co's Total Liabilities for the quarter that ended in Sep. 2022 was $23.48 Mil. The Very Good Food Co's Total Assets for the quarter that ended in Sep. 2022 was $34.84 Mil. Therefore, The Very Good Food Co's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2022 was 0.67.

The Very Good Food Co  (OTCPK:VGFCQ) 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.

The Very Good Food Co Liabilities-to-Assets Related Terms

The Very Good Food Co Liabilities-to-Assets Historical Data

* Premium members only.

The historical data trend for The Very Good Food Co'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.

The Very Good Food Co Liabilities-to-Assets Chart

The Very Good Food Co Annual Data
Trend Dec19 Dec20 Dec21
Liabilities-to-Assets
1.25 0.21 0.49

The Very Good Food Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 0.54 0.49 0.54 0.72 0.67

VGFCQ vs KHC, GIS, HRL: Liabilities-to-Assets Comparison

For the Packaged Foods subindustry, The Very Good Food Co'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.

The Very Good Food Co Liabilities-to-Assets vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Very Good Food Co's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where The Very Good Food Co's Liabilities-to-Assets falls into.


VGFCQ
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The Very Good Food Co Inc VGFCQ
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The Very Good Food Co 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.

The Very Good Food Co's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

Liabilities-to-Assets (A: Dec. 2021 )=Total Liabilities/Total Assets
=29.819/61.206
=0.49

The Very Good Food Co's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2022 is calculated as

Liabilities-to-Assets (Q: Sep. 2022 )=Total Liabilities/Total Assets
=23.476/34.843
=0.67

* 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 0.67 mean?
The Very Good Food Co (VGFCQ) has a Liabilities-to-Assets of 0.67 as of Sep. 2022. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on The Very Good Food Co and its competitors.
Is The Very Good Food Co's Liabilities-to-Assets too high?
The Very Good Food Co's current Liabilities-to-Assets is 0.67. Overall, The Very Good Food Co has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does The Very Good Food Co's Liabilities-to-Assets compare to KHC and GIS?
The Very Good Food Co's Liabilities-to-Assets of 0.67 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Liabilities-to-Assets depends on the Consumer Packaged Goods 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 The Very Good Food Co and its competitors. The Very Good Food Co's current Liabilities-to-Assets is 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Very Good Food Co stock overvalued right now?
The Very Good Food Co (VGFCQ) has a current Liabilities-to-Assets of 0.67. The current Liabilities-to-Assets is 0.67. The Very Good Food Co's overall GF Score™ is 12/100. 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 The Very Good Food Co (VGFCQ), the current Liabilities-to-Assets is 0.67 as of Sep. 2022. 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.

The Very Good Food Co Business Description

Address 2748 Rupert Street, Vancouver, BC, CAN, M4W 3P4
The Very Good Food Co Inc operates in the food industry. The company is a food technology company that designs, develops, produces, distributes, and sells a variety of plant-based meat and other food alternatives.
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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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