Borealis Foods (Borealis Foods) Liabilities-to-Assets : 0.34 (As of Dec. 2023)

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What is Borealis Foods 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. Borealis Foods's Total Liabilities for the quarter that ended in Dec. 2023 was $7.49 Mil. Borealis Foods's Total Assets for the quarter that ended in Dec. 2023 was $22.04 Mil. Therefore, Borealis Foods's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 0.34.

Borealis Foods Liabilities-to-Assets Historical Data

The historical data trend for Borealis Foods'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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Borealis Foods Liabilities-to-Assets Chart

Borealis Foods Annual Data

Trend

Dec21

Dec22

Dec23

Liabilities-to-Assets

0.51

0.01

0.34

Borealis Foods Semi-Annual Data
	Dec21	Dec22	Dec23
Liabilities-to-Assets	0.51	0.01	0.34

Competitive Comparison of Borealis Foods's Liabilities-to-Assets

For the Packaged Foods subindustry, Borealis Foods'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.

Borealis Foods's Liabilities-to-Assets Distribution in the Consumer Packaged Goods Industry

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

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

Borealis Foods 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.

Borealis Foods's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Liabilities-to-Assets (A: Dec. 2023 )	=	Total Liabilities	/	Total Assets
	=	7.487	/	22.044
	=	0.34

Borealis Foods'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
	=	7.487	/	22.044
	=	0.34

Borealis Foods (NAS:BRLS) 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.

Borealis Foods Liabilities-to-Assets Related Terms

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Borealis Foods (Borealis Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Borealis Foods Inc (NAS:BRLS) » Definitions » Liabilities-to-Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1540 Cornwall Road, Suite 104, Oakville, ON, CAN, L6J7W5

Website

https://www.borealisfoods.com

Borealis Foods Inc is a food technology company that has developed high-quality, affordable, sustainable, and nutritious ready-to-eat meals. It is a mission-driven company committed to utilizing its products to help solve national and global food security and nutrition challenges. Its commitment to nutrition, affordability and sustainability reflects its goal of positively impacting both human life and the planet. Through the development and launch of its ready-made ramen, featuring 20 grams of complete plant-based protein per serving, Borealis is developing advanced solutions to address global food challenges.

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