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. Fortune Valley Treasures's Total Liabilities for the quarter that ended in Dec. 2023 was $4.26 Mil. Fortune Valley Treasures's Total Assets for the quarter that ended in Dec. 2023 was $6.25 Mil.
Therefore, Fortune Valley Treasures's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 0.68.
Fortune Valley Treasures Liabilities-to-Assets Historical Data
The historical data trend for Fortune Valley Treasures'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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Fortune Valley Treasures Annual Data
Trend
Aug15
Aug16
Aug17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Liabilities-to-Assets
4.94
0.25
0.19
0.30
0.68
Fortune Valley Treasures Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Liabilities-to-Assets
0.30
0.31
0.35
0.41
0.68
Competitive Comparison
For the Beverages - Wineries & Distilleries subindustry, Fortune Valley Treasures'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.
Fortune Valley Treasures Liabilities-to-Assets Distribution
For the Beverages - Alcoholic industry and Consumer Defensive sector, Fortune Valley Treasures's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Fortune Valley Treasures's Liabilities-to-Assets falls into.
Fortune Valley Treasures 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.
Fortune Valley Treasures's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 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.
Fortune Valley Treasures (OTCPK:FVTI) 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.
Fortune Valley Treasures Liabilities-to-Assets Related Terms
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Fortune Valley Treasures (Fortune Valley Treasures) Business Description
Fortune Valley Treasures Inc is engaged in operations of wholesale distribution and retail sales of food and beverage products in the People's Republic of China. The company is into acquiring businesses that are in the food, beverage, and alcohol industries. Its products include a variety of wines, such as dry red wine, dry white wine, rose wine, and sweet wine, and other products. Its products are sold to retailers, such as wine shops, convenience stores, and supermarkets.
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