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VINZF (Vinanz) Liabilities-to-Assets : 0.04 (As of Feb. 2024)


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What is Vinanz 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. Vinanz's Total Liabilities for the quarter that ended in Feb. 2024 was $0.09 Mil. Vinanz's Total Assets for the quarter that ended in Feb. 2024 was $1.98 Mil. Therefore, Vinanz's Liabilities-to-Assets Ratio for the quarter that ended in Feb. 2024 was 0.04.


Vinanz Liabilities-to-Assets Historical Data

The historical data trend for Vinanz'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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Vinanz Liabilities-to-Assets Chart

Vinanz Annual Data
Trend Aug22
Liabilities-to-Assets
2.88

Vinanz Semi-Annual Data
Aug22 Feb23 Aug23 Feb24
Liabilities-to-Assets 2.88 - 0.12 0.04

Competitive Comparison of Vinanz's Liabilities-to-Assets

For the Capital Markets subindustry, Vinanz'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.


Vinanz's Liabilities-to-Assets Distribution in the Capital Markets Industry

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

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


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Vinanz 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.

Vinanz's Liabilities-to-Assets Ratio for the fiscal year that ended in Aug. 2022 is calculated as:

Liabilities-to-Assets (A: Aug. 2022 )=Total Liabilities/Total Assets
=0.069/0.024
=2.88

Vinanz's Liabilities-to-Assets Ratio for the quarter that ended in Feb. 2024 is calculated as

Liabilities-to-Assets (Q: Feb. 2024 )=Total Liabilities/Total Assets
=0.086/1.984
=0.04

* 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.


Vinanz  (OTCPK:VINZF) 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.


Vinanz Liabilities-to-Assets Related Terms

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Vinanz Business Description

Traded in Other Exchanges
Address
Wichhams Cay II, Vistra Corporate Services Centre, Tortola, Road Town, VGB, VG 1110
Vinanz Ltd operates as a Bitcoin mining company initially focusing on installing clusters of Bitcoin miners within multiple facilities throughout the US and Canada through third-party cryptocurrency mining providers. The company focuses on the development of BTC cryptocurrency mining operations and an emerging class of powerful decentralised finance DeFI technologies. Together, cryptocurrencies and decentralised protocol technologies interoperate to create global decentralised financial services platforms. These platforms continue to enjoy rapid growth and are augmenting or replacing capabilities typically associated with traditional finance.