GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air New Zealand Ltd (OTCPK:ANZFF) » Definitions » Liabilities-to-Assets

Air New Zealand (Air New Zealand) Liabilities-to-Assets : 0.77 (As of Dec. 2023)


View and export this data going back to . Start your Free Trial

What is Air New Zealand 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. Air New Zealand's Total Liabilities for the quarter that ended in Dec. 2023 was $4,197 Mil. Air New Zealand's Total Assets for the quarter that ended in Dec. 2023 was $5,447 Mil. Therefore, Air New Zealand's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 0.77.


Air New Zealand Liabilities-to-Assets Historical Data

The historical data trend for Air New Zealand'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.

Air New Zealand Liabilities-to-Assets Chart

Air New Zealand Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.73 0.83 0.84 0.80 0.77

Air New Zealand Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.87 0.80 0.79 0.77 0.77

Competitive Comparison of Air New Zealand's Liabilities-to-Assets

For the Airlines subindustry, Air New Zealand'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.


Air New Zealand's Liabilities-to-Assets Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Air New Zealand's Liabilities-to-Assets distribution charts can be found below:

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



Air New Zealand 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.

Air New Zealand's Liabilities-to-Assets Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Liabilities-to-Assets (A: Jun. 2023 )=Total Liabilities/Total Assets
=4365.644/5641.104
=0.77

Air New Zealand'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
=4196.64/5446.795
=0.77

* 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.


Air New Zealand  (OTCPK:ANZFF) 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.


Air New Zealand Liabilities-to-Assets Related Terms

Thank you for viewing the detailed overview of Air New Zealand's Liabilities-to-Assets provided by GuruFocus.com. Please click on the following links to see related term pages.


Air New Zealand (Air New Zealand) Business Description

Address
185 Fanshawe Street, Air New Zealand House, Auckland, NTL, NZL, 1010
Air New Zealand, majority owned by the New Zealand Government, provides air passenger and cargo transport services within New Zealand, as well as to and from Australia, the South-West Pacific, Asia, North America, the United Kingdom, and South America. Air New Zealand also encompasses business units providing engineering and ground handling services. Air New Zealand dominates the local market, with around 80% market share, although the majority of revenue is derived from international and trans-Tasman activity.