Favo Capital (Favo Capital) Debt-to-Equity : -1.80 (As of Sep. 2023)

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What is Favo Capital Debt-to-Equity?

Favo Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Favo Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $31.36 Mil. Favo Capital's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-17.44 Mil. Favo Capital's debt to equity for the quarter that ended in Sep. 2023 was -1.80.

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 Favo Capital's Debt-to-Equity or its related term are showing as below:

FAVO' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.8 Med: -1.08 Max: -0.37
Current: -1.8

During the past 10 years, the highest Debt-to-Equity Ratio of Favo Capital was -0.37. The lowest was -1.80. And the median was -1.08.

FAVO's Debt-to-Equity is not ranked
in the Credit Services industry.
Industry Median: 1.18 vs FAVO: -1.80

Favo Capital Debt-to-Equity Historical Data

The historical data trend for Favo Capital'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.

* Premium members only.

Favo Capital Debt-to-Equity Chart

Favo Capital Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Debt-to-Equity

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19.00

-0.89

-0.61

-0.37

Favo Capital Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Sep22	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-	-0.37	-	N/A	-1.80

Competitive Comparison of Favo Capital's Debt-to-Equity

For the Credit Services subindustry, Favo Capital'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.

Favo Capital's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Favo Capital's Debt-to-Equity distribution charts can be found below:

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

Favo Capital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Favo Capital's Debt to Equity Ratio for the fiscal year that ended in Dec. 2013 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
	=	(0.01	+	0)	/	-0.027
	=	-0.37

Favo Capital's Debt to Equity Ratio for the quarter that ended in Sep. 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	+	31.364)	/	-17.443
	=	-1.80

Favo Capital (OTCPK:FAVO) 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.

Favo Capital Debt-to-Equity Related Terms

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Favo Capital (Favo Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Favo Capital Inc (OTCPK:FAVO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1025 Old Country Road, Suite 421, Westbury, NY, USA, 11590

Website

https://www.favocap.com

Favo Capital Inc is a direct funding company, which provides customized, short-term funding to small and mid-sized businesses nationwide. The company is also engaged in the real estate holdings division.