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. Veritiv's Total Liabilities for the quarter that ended in Sep. 2023 was $1,058 Mil. Veritiv's Total Assets for the quarter that ended in Sep. 2023 was $1,995 Mil.
Therefore, Veritiv's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2023 was 0.53.
Veritiv Liabilities-to-Assets Historical Data
The historical data trend for Veritiv'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 Veritiv's Liabilities-to-Assets
For the Conglomerates subindustry, Veritiv'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.
Veritiv's Liabilities-to-Assets Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Veritiv's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Veritiv's Liabilities-to-Assets falls into.
Veritiv 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.
Veritiv's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2022 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.
Veritiv Liabilities-to-Assets Related Terms
Thank you for viewing the detailed overview of Veritiv's Liabilities-to-Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Veritiv Corp provides printing, publishing, packaging, and facility solutions. The company also provides logistics and supply chain management services. It operates in four primary segments based on the product type. The Print segment, which generates the majority of the revenue, distributes commercial printing and specialty paper products. The Publishing segment sells coated and uncoated commercial printing papers to publishers and retailers for use in magazines, books, and direct mail. The Packaging segment sells a variety of paper-based packaging products within the fiber-based, flexible and rigid categories. The Facility Solutions segment sells cleaning, breakroom, bathroom, safety, and hazard supplies. The majority of revenue comes from the United States.
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