Forbidden Foods (ASX:FFF) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Forbidden Foods Debt-to-Equity?

Forbidden Foods's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Forbidden Foods's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Forbidden Foods's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$1.67 Mil. Forbidden Foods's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Forbidden Foods's Debt-to-Equity or its related term are showing as below:

During the past 3 years, the highest Debt-to-Equity Ratio of Forbidden Foods was 0.15. The lowest was 0.01. And the median was 0.05.

ASX:FFF's Debt-to-Equity is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 0.41
* Ranked among companies with meaningful Debt-to-Equity only.

Forbidden Foods Debt-to-Equity Historical Data

The historical data trend for Forbidden Foods's Debt-to-Equity 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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Forbidden Foods Debt-to-Equity Chart

Forbidden Foods Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Equity

0.15

0.01

Forbidden Foods Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.05	0.01	-	-	-

Competitive Comparison of Forbidden Foods's Debt-to-Equity

For the Packaged Foods subindustry, Forbidden Foods's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Forbidden Foods's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Forbidden Foods's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Forbidden Foods's Debt-to-Equity falls into.

Forbidden Foods Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Forbidden Foods's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	0)	/	1.775
	=	0.00

Forbidden Foods's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	0)	/	1.669
	=	0.00

Forbidden Foods (ASX:FFF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Forbidden Foods Debt-to-Equity Related Terms

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Forbidden Foods (ASX:FFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Forbidden Foods Ltd (ASX:FFF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

16/663 Victoria Street, Abbotsford, Melbourne, VIC, AUS, 3067

Website

https://www.forbiddenfoods.com.au

Forbidden Foods Ltd is an Australian owned and managed food company specialising in the sourcing and development of health focused food products for retail and food service in Australia and abroad.

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