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Fan Milk (XGHA:FML) Liabilities-to-Assets : 0.65 (As of Dec. 2022)


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What is Fan Milk 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. Fan Milk's Total Liabilities for the quarter that ended in Dec. 2022 was GHS379.0 Mil. Fan Milk's Total Assets for the quarter that ended in Dec. 2022 was GHS584.1 Mil. Therefore, Fan Milk's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2022 was 0.65.


Fan Milk Liabilities-to-Assets Historical Data

The historical data trend for Fan Milk'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.

Fan Milk Liabilities-to-Assets Chart

Fan Milk Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec21 Dec22
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.26 0.28 0.31 0.57 0.65

Fan Milk Quarterly Data
Jun15 Sep15 Dec15 Mar16 Dec16 Mar17 Dec17 Sep18 Dec18 Sep19 Dec19 Sep20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 Premium Member Only 0.57 0.59 0.57 0.62 0.65

Competitive Comparison of Fan Milk's Liabilities-to-Assets

For the Packaged Foods subindustry, Fan Milk'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.


Fan Milk's Liabilities-to-Assets Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Fan Milk's Liabilities-to-Assets distribution charts can be found below:

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



Fan Milk 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.

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

Liabilities-to-Assets (A: Dec. 2022 )=Total Liabilities/Total Assets
=378.981/584.06
=0.65

Fan Milk's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2022 is calculated as

Liabilities-to-Assets (Q: Dec. 2022 )=Total Liabilities/Total Assets
=378.981/584.06
=0.65

* 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.


Fan Milk  (XGHA:FML) 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.


Fan Milk Liabilities-to-Assets Related Terms

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Fan Milk (XGHA:FML) Business Description

Traded in Other Exchanges
N/A
Address
Airport Commercial Centre, 2nd Floor, Grand Oyeman Building, Accra, GHA
Fan Milk PLC engages in the manufacturing and distribution of dairy products and fruit drinks. The company's milk-based products consist of frozen ice creams, chocolate, and yoghurt that includes FanYogo (yoghurt), FanChoco (chocolate), and FanIce (ice cream). Its fruit-based products include FanDango (fruit drink) and FanPop. It distributes its products through independent distributors and agents. The majority of the revenue is derived from the manufacturing and distribution of dairy products and fruit drinks.

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