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. Resources Connection's Total Liabilities for the quarter that ended in May. 2023 was $117.5 Mil. Resources Connection's Total Assets for the quarter that ended in May. 2023 was $532.0 Mil.
Therefore, Resources Connection's Liabilities-to-Assets Ratio for the quarter that ended in May. 2023 was 0.22.
Resources Connection Liabilities-to-Assets Historical Data
The historical data trend for Resources Connection'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.
Resources Connection Annual Data
Trend
May14
May15
May16
May17
May18
May19
May20
May21
May22
May23
Liabilities-to-Assets
0.34
0.43
0.37
0.36
0.22
Resources Connection Quarterly Data
Aug18
Nov18
Feb19
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Aug22
Nov22
Feb23
May23
Liabilities-to-Assets
0.36
0.27
0.27
0.24
0.22
Competitive Comparison
For the Consulting Services subindustry, Resources Connection'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.
Resources Connection Liabilities-to-Assets Distribution
For the Business Services industry and Industrials sector, Resources Connection's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Resources Connection's Liabilities-to-Assets falls in comparison to its industry or sector. The grey bar indicates the Liabilities-to-Assets's extreme value range as defined by GuruFocus.
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.
Resources Connection's Liabilities-to-Assets Ratio for the fiscal year that ended in May. 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.
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.
Resources Connection Liabilities-to-Assets Related Terms
Thank you for viewing the detailed overview of Resources Connection's Liabilities-to-Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Resources Connection (NAS:RGP) Business Description
Resources Connection Inc provides consulting and business initiative support services primarily through its operative subsidiary, Resources Global Professionals. It has two segments RGP ( Resources Global Professionals.) and Other segments. The company offers transformation and improvement, financial reporting and analysis, strategy development, and program and project management services and support. Its clients operate in the accounting, finance, corporate governance, risk and compliance management, corporate advisory, strategic communications and restructuring, information management, human capital, supply chain management, and legal and regulatory sectors.
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