GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Asset CanBanc Split Corp (TSX:CBU.PR.A.PFD) » Definitions » Liabilities-to-Assets

First Asset CanBanc Split (TSX:CBU.PR.A.PFD) Liabilities-to-Assets : 0.24 (As of Jun. 2015)


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

What is First Asset CanBanc Split 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. First Asset CanBanc Split's Total Liabilities for the quarter that ended in Jun. 2015 was C$3.64 Mil. First Asset CanBanc Split's Total Assets for the quarter that ended in Jun. 2015 was C$15.42 Mil. Therefore, First Asset CanBanc Split's Liabilities-to-Assets Ratio for the quarter that ended in Jun. 2015 was 0.24.


First Asset CanBanc Split Liabilities-to-Assets Historical Data

The historical data trend for First Asset CanBanc Split'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.

First Asset CanBanc Split Liabilities-to-Assets Chart

First Asset CanBanc Split Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Liabilities-to-Assets
Get a 7-Day Free Trial 0.28 0.29 0.28 0.24 0.22

First Asset CanBanc Split Semi-Annual Data
Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15
Liabilities-to-Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.28 0.24 0.22 0.22 0.24

Competitive Comparison of First Asset CanBanc Split's Liabilities-to-Assets

For the Asset Management subindustry, First Asset CanBanc Split'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.


First Asset CanBanc Split's Liabilities-to-Assets Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, First Asset CanBanc Split's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where First Asset CanBanc Split's Liabilities-to-Assets falls into.



First Asset CanBanc Split 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.

First Asset CanBanc Split's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2014 is calculated as:

Liabilities-to-Assets (A: Dec. 2014 )=Total Liabilities/Total Assets
=3.716/16.677
=0.22

First Asset CanBanc Split's Liabilities-to-Assets Ratio for the quarter that ended in Jun. 2015 is calculated as

Liabilities-to-Assets (Q: Jun. 2015 )=Total Liabilities/Total Assets
=3.636/15.42
=0.24

* 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.


First Asset CanBanc Split  (TSX:CBU.PR.A.PFD) 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.


First Asset CanBanc Split Liabilities-to-Assets Related Terms

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


First Asset CanBanc Split (TSX:CBU.PR.A.PFD) Business Description

Traded in Other Exchanges
N/A
Address
First Asset CanBanc Split Corp was incorporated under the laws of the Province of Ontario on September 5, 2008, is a mutual fund corporation whose investment portfolio consists of common shares of the six largest Canadian banks. The Fund's objectives in managing its capital with respect to the preferred shares are to provide preferred shareholders with fixed cumulative preferential quarterly cash distributions in the amount of $0.1625 per preferred share and to return the original issue price to preferred shareholders at the time of redemption of such shares on or about January 15, 2016. The Fund's objectives in managing its capital with respect to the Class A shares are to provide Class A shareholders with the opportunity to participate in the performance of the Fund's portfolio on a leveraged basis and to benefit from any increase in the dividends from the securities in the Fund's portfolio.

First Asset CanBanc Split (TSX:CBU.PR.A.PFD) Headlines

No Headlines