Forum Merger II (Forum Merger II) Debt-to-Equity : 0.01 (As of Jun. 2020)

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What is Forum Merger II Debt-to-Equity?

Forum Merger II's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2020 was $0.00 Mil. Forum Merger II's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2020 was $1.80 Mil. Forum Merger II's Total Stockholders Equity for the quarter that ended in Jun. 2020 was $197.87 Mil. Forum Merger II's debt to equity for the quarter that ended in Jun. 2020 was 0.01.

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 Forum Merger II's Debt-to-Equity or its related term are showing as below:

FMCIU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.01
Current: 0.01

During the past 2 years, the highest Debt-to-Equity Ratio of Forum Merger II was 0.01. The lowest was 0.01. And the median was 0.01.

FMCIU's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.12 vs FMCIU: 0.01

Forum Merger II Debt-to-Equity Historical Data

The historical data trend for Forum Merger II'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.

Forum Merger II Debt-to-Equity Chart

Forum Merger II Annual Data

Trend

Dec18

Dec19

Debt-to-Equity

Forum Merger II Quarterly Data
	May18	Sep18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Debt-to-Equity	Get a 7-Day Free Trial			-	-	-	0.01	0.01

Competitive Comparison of Forum Merger II's Debt-to-Equity

For the Shell Companies subindustry, Forum Merger II'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.

Forum Merger II's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Forum Merger II's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Forum Merger II's Debt-to-Equity falls into.

Forum Merger II Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Forum Merger II's Debt to Equity Ratio for the fiscal year that ended in Dec. 2019 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)	/	198.47
	=	0.00

Forum Merger II's Debt to Equity Ratio for the quarter that ended in Jun. 2020 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	+	1.8)	/	197.868
	=	0.01

Forum Merger II (NAS:FMCIU) 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.

Forum Merger II Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Forum Merger II's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Forum Merger II (Forum Merger II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Forum Merger II Corp (NAS:FMCIU) » Definitions » Debt-to-Equity

Comparable Companies

SCVX DMYT AMCI NPA PIC RMG SHLL OAC IPV LHC CCXX CCX FPAC VTIQ SPAQ FEAC CCH CPAA LSE:EVRA GHIV

Traded in Other Exchanges

N/A

Address

1615 South Congress Avenue, Suite 103, New York, NY, USA, 33445

Website

https://www.forummerger.com

Forum Merger II Corp is a blank check and a special purpose acquisition company.

Executives

Salvatore Galletti	director, officer: Chief Executive Officer	27996 PALOS VERDES DR E, RANCHO PALOS VERDES CA 90275
Stephanie Dieckmann	officer: Chief Operating Officer	1002 S AMBRIDGE ST, ANAHEIM CA 92806
Sarah Galletti	officer: Director of R&D	27996 PALOS VERDES DR E, RANCHO PALOS VERDES CA 90275
Giuseppe Bardari	officer: President, Ittella Italy	VIA PRANGI LOTTO COLACE, PIZZO L6 89812
Edward S Gelfand	director	6305 ALONDRA BLVD, PARAMOUNT CA 90723
Jennifer Sims Fellner	director	3790 HAPPY VALLEY ROAD, LAFAYETTE CA 94549
Marie Quintero-johnson	director	3130 FERNCLIFF COMMONS, NE ATLANTA GA 30324
Paula Ciaramitaro	director	2408 RUE LA CHARLENE, RANCHO PALOS VERDES CA 90275
Daniel James Williamson	director	1 RICKIE LANE, LADERA RANCH CA 92694
Ryan Matthew Olohan	director	27 SYLVAN DRIVE, PINE BROOK NJ 07058
Bryan Stephen Rosenberg	director	2443 MYRTLE AVENUE, HERMOSA BEACH CA 90254
Thomas Matthew Williams	officer: Chief Growth Officer	527 21ST STREET, HUNTINGTON BEACH CA 92648
Charles Franks Cargile	officer: Chief Financial Officer	29 HILLGRASS, IRVINE CA 92603
David Boris	director, 10 percent owner, officer: Co-CEO, CFO and Secretary	C/O TRIO MERGER CORP., 777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Forum Investors Ii Llc	10 percent owner	1345 AVENUE OF THE AMERICAS 11TH FL, NEW YORK NY 10105