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. Legacy Housing's Total Liabilities for the quarter that ended in Mar. 2024 was $59.6 Mil. Legacy Housing's Total Assets for the quarter that ended in Mar. 2024 was $510.0 Mil.
Therefore, Legacy Housing's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 was 0.12.
Legacy Housing Liabilities-to-Assets Historical Data
The historical data trend for Legacy Housing'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.
Competitive Comparison of Legacy Housing's Liabilities-to-Assets
For the Residential Construction subindustry, Legacy Housing'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.
Legacy Housing's Liabilities-to-Assets Distribution in the Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Legacy Housing's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Legacy Housing's Liabilities-to-Assets falls into.
Legacy Housing 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.
Legacy Housing'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.
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.
Legacy Housing Liabilities-to-Assets Related Terms
Thank you for viewing the detailed overview of Legacy Housing's Liabilities-to-Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Legacy Housing (Legacy Housing) Business Description
Legacy Housing Corp builds, sell, and finance manufactured homes and tiny houses that are distributed through a network of independent retailers and company-owned stores and also sold directly to manufactured home communities. The company also provides financing options to customers to facilitate the sale of homes.
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