Forge Innovation Development (Forge Innovation Development) Debt-to-Asset : 0.54 (As of Mar. 2024)

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What is Forge Innovation Development Debt-to-Asset?

Forge Innovation Development's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.46 Mil. Forge Innovation Development's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $4.32 Mil. Forge Innovation Development's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was $8.81 Mil. Forge Innovation Development's debt to asset for the quarter that ended in Mar. 2024 was 0.54.

Forge Innovation Development Debt-to-Asset Historical Data

The historical data trend for Forge Innovation Development'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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Forge Innovation Development Debt-to-Asset Chart

Forge Innovation Development Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.19

0.32

0.21

0.45

0.50

Forge Innovation Development Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.57	0.50	0.46	0.50	0.54

Competitive Comparison of Forge Innovation Development's Debt-to-Asset

For the Real Estate Services subindustry, Forge Innovation Development'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.

Forge Innovation Development's Debt-to-Asset Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Forge Innovation Development's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Forge Innovation Development's Debt-to-Asset falls into.

Forge Innovation Development Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Forge Innovation Development's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.466	+	4.19)	/	9.306
	=	0.50

Forge Innovation Development's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.459	+	4.316)	/	8.813
	=	0.54

Forge Innovation Development (OTCPK:FGNV) 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.

Forge Innovation Development Debt-to-Asset Related Terms

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Forge Innovation Development (Forge Innovation Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Forge Innovation Development Corp (OTCPK:FGNV) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

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Address

6280 Mission Boulevard, Unit 205, Jurupa Valley, CA, USA, 92509

Website

https://www.forgecorpusa.com

Forge Innovation Development Corp is a real estate development company. The company is engaged in commercial and residential land development, including purchase and sale of real estate, targeting properties in Southern California. Its primary business is to acquire land and develop and sell fully constructed homes and commercial property such as stores, offices, and private schools, among others to non-affiliated third parties. It also intends to invest its funds in income-yielding properties.

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