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. NEW GERMANY FUND's Total Liabilities for the quarter that ended in Dec. 2023 was $6.59 Mil. NEW GERMANY FUND's Total Assets for the quarter that ended in Dec. 2023 was $185.38 Mil.
Therefore, NEW GERMANY FUND's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 0.04.
NEW GERMANY FUND Liabilities-to-Assets Historical Data
The historical data trend for NEW GERMANY FUND'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 NEW GERMANY FUND's Liabilities-to-Assets
For the Asset Management subindustry, NEW GERMANY FUND'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.
NEW GERMANY FUND's Liabilities-to-Assets Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, NEW GERMANY FUND's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where NEW GERMANY FUND's Liabilities-to-Assets falls into.
NEW GERMANY FUND 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.
NEW GERMANY FUND'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.
NEW GERMANY FUND (NYSE:GF) 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.
NEW GERMANY FUND Liabilities-to-Assets Related Terms
Thank you for viewing the detailed overview of NEW GERMANY FUND's Liabilities-to-Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
NEW GERMANY FUND (NEW GERMANY FUND) Business Description
NEW GERMANY FUND INC is the United States based non-diversified, closed-end management investment company. As the investment objective, the fund seeks long-term capital appreciation through investment in middle market German equities. The fund's portfolio of investment includes investment in different sectors such as the industrials, information technology, material, consumer discretionary, Communication Services, Financials, Consumer Staples, Real Estate, Utilities, healthcare, Energy and others. Its portfolio is geographically diversified across the Netherlands, Germany, and Italy.
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