Forest Road Acquisition (Forest Road Acquisition) Debt-to-Asset : 0.43 (As of Sep. 2020)

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What is Forest Road Acquisition Debt-to-Asset?

Forest Road Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2020 was $0.02 Mil. Forest Road Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2020 was $0.00 Mil. Forest Road Acquisition's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2020 was $0.04 Mil. Forest Road Acquisition's debt to asset for the quarter that ended in Sep. 2020 was 0.43.

Forest Road Acquisition Debt-to-Asset Historical Data

The historical data trend for Forest Road Acquisition's Debt-to-Asset 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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Forest Road Acquisition Debt-to-Asset Chart

Forest Road Acquisition Annual Data

Trend

Dec20

Debt-to-Asset

Forest Road Acquisition Semi-Annual Data
	Sep20
Debt-to-Asset	0.43

Competitive Comparison of Forest Road Acquisition's Debt-to-Asset

For the Shell Companies subindustry, Forest Road Acquisition's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Forest Road Acquisition's Debt-to-Asset Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Forest Road Acquisition's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Forest Road Acquisition's Debt-to-Asset falls into.

Forest Road Acquisition Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Forest Road Acquisition's Debt-to-Asset for the fiscal year that ended in Dec. 2020 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	0)	/	301.478
	=	0.00

Forest Road Acquisition's Debt-to-Asset for the quarter that ended in Sep. 2020 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.018	+	0)	/	0.042
	=	0.43

Forest Road Acquisition (NYSE:FRX) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Forest Road Acquisition Debt-to-Asset Related Terms

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