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SMB Cote d'Ivoire (XBRV:SMBC) Liabilities-to-Assets : 0.81 (As of Dec. 2023)


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What is SMB Cote d'Ivoire 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. SMB Cote d'Ivoire's Total Liabilities for the quarter that ended in Dec. 2023 was XOF148,042 Mil. SMB Cote d'Ivoire's Total Assets for the quarter that ended in Dec. 2023 was XOF183,993 Mil. Therefore, SMB Cote d'Ivoire's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 0.81.


SMB Cote d'Ivoire Liabilities-to-Assets Historical Data

The historical data trend for SMB Cote d'Ivoire'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.

SMB Cote d'Ivoire Liabilities-to-Assets Chart

SMB Cote d'Ivoire Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.89 0.72 0.80 0.85 0.81

SMB Cote d'Ivoire Semi-Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
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 0.89 0.72 0.80 0.85 0.81

Competitive Comparison of SMB Cote d'Ivoire's Liabilities-to-Assets

For the Specialty Chemicals subindustry, SMB Cote d'Ivoire'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.


SMB Cote d'Ivoire's Liabilities-to-Assets Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, SMB Cote d'Ivoire's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where SMB Cote d'Ivoire's Liabilities-to-Assets falls into.


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SMB Cote d'Ivoire 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.

SMB Cote d'Ivoire'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
=148042/183993
=0.80

SMB Cote d'Ivoire's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 is calculated as

Liabilities-to-Assets (Q: Dec. 2023 )=Total Liabilities/Total Assets
=148042/183993
=0.80

* 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.


SMB Cote d'Ivoire  (XBRV:SMBC) 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.


SMB Cote d'Ivoire Liabilities-to-Assets Related Terms

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SMB Cote d'Ivoire Business Description

Traded in Other Exchanges
N/A
Address
Boulevard de Petit Bassam, Vridi, Abidjan, CIV, BP 622
SMB Cote d'Ivoire, formerly Societe Multinationale de Bitumes SA is engaged in the refinement of crude oil. Its products are obtained by direct distillation of a South American heavy crude. It offers its products for the production of road bitumen. The various grades of bitumen offered by the company include 35/50, 40/50, 50/70, AC-10 and AC-20 among others.