FIFG (First Foods Group) Debt-to-Asset : 54.22 (As of Sep. 2023)

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What is First Foods Group Debt-to-Asset?

First Foods Group FIFG -99.50% Debt-to-Asset is 54.22 as of Sep. 2023.

First Foods Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $2.51 Mil. First Foods Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.15 Mil. First Foods Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2023 was $0.05 Mil. First Foods Group's debt to asset for the quarter that ended in Sep. 2023 was 54.22.

First Foods Group  (OTCPK:FIFG) 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.

First Foods Group Debt-to-Asset Related Terms

First Foods Group Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for First Foods Group'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.

First Foods Group Debt-to-Asset Chart

First Foods Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Debt-to-Asset
Get a 7-Day Free Trial 1.05 1.27 2.58 4.08 46.26

First Foods Group Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.55 46.26 46.56 47.36 54.22

FIFG vs BLIS, JFIL, FRTG: Debt-to-Asset Comparison

For the Specialty Business Services subindustry, First Foods Group'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.

First Foods Group Debt-to-Asset vs Business Services Industry

For the Business Services industry and Industrials sector, First Foods Group's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where First Foods Group's Debt-to-Asset falls into.


First Foods Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

First Foods Group's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(2.319 + 0.179) / 0.054
=46.26

First Foods Group's Debt-to-Asset for the quarter that ended in Sep. 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
=(2.507 + 0.15) / 0.049
=54.22

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 54.22 mean?
First Foods Group (FIFG) has a Debt-to-Asset of 54.22 as of Sep. 2023. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on First Foods Group and its competitors.
Is First Foods Group's Debt-to-Asset too high?
First Foods Group's current Debt-to-Asset is 54.22.
How does First Foods Group's Debt-to-Asset compare to BLIS and JFIL?
First Foods Group's Debt-to-Asset of 54.22 can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for a Business Services company?
A good Debt-to-Asset depends on the Business Services industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on First Foods Group and its competitors. First Foods Group's current Debt-to-Asset is 54.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Foods Group stock overvalued right now?
First Foods Group (FIFG) has a current Debt-to-Asset of 54.22. The current Debt-to-Asset is 54.22. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For First Foods Group (FIFG), the current Debt-to-Asset is 54.22 as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

First Foods Group Business Description

Address c/o Incorp Services, Inc, 3773 Howard Hughes Parkway, Suite 500S, Las Vegas, NV, USA, 89169-6014
First Foods Group Inc is a smaller reporting company focused on developing specialty chocolate product line and related IP through its Holy Cacao subsidiary. In addition, it is also involved in merchant cash advance participations. Key revenue is derived from merchant cash advance income. It is also involved in new health-related brands, concepts and products through FFGI Wholesaling Division and participating in merchant cash advances through First Foods Funding Division. The Company conducts business as two operating segments, First Foods and Holy Cacao.