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Forge Group (ASX:FGE) Debt-to-Equity : 0.12 (As of Jun. 2013)


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What is Forge Group Debt-to-Equity?

Forge Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2013 was A$11 Mil. Forge Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2013 was A$15 Mil. Forge Group's Total Stockholders Equity for the quarter that ended in Jun. 2013 was A$213 Mil. Forge Group's debt to equity for the quarter that ended in Jun. 2013 was 0.12.

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 Forge Group's Debt-to-Equity or its related term are showing as below:

ASX:FGE's Debt-to-Equity is not ranked *
in the Construction industry.
Industry Median: 0.44
* Ranked among companies with meaningful Debt-to-Equity only.

Forge Group Debt-to-Equity Historical Data

The historical data trend for Forge Group'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.

Forge Group Debt-to-Equity Chart

Forge Group Annual Data
Trend Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13
Debt-to-Equity
Get a 7-Day Free Trial 0.13 0.07 0.07 0.16 0.12

Forge Group Semi-Annual Data
Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13
Debt-to-Equity Get a 7-Day Free Trial 0.13 0.07 0.07 0.16 0.12

Competitive Comparison of Forge Group's Debt-to-Equity

For the Engineering & Construction subindustry, Forge Group'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.

Forge Group's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Forge Group's Debt-to-Equity distribution charts can be found below:

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


Forge Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Forge Group's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
=(11.139 + 14.547) / 213.426
=0.12

Forge Group's Debt to Equity Ratio for the quarter that ended in Jun. 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
=(11.139 + 14.547) / 213.426
=0.12

* 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.

Forge Group  (ASX:FGE) 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.

Forge Group Debt-to-Equity Related Terms

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

Forge Group (ASX:FGE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Forge Group Ltd (ASX:FGE) » Definitions » Debt-to-Equity
Comparable Companies
TSE:1768 TPE:3018 HKSE:00153 HKSE:01447 XKLS:7078 TSE:5923 XKLS:0193 OHEL:CONSTI XKLS:5054 XKRX:042940 TSE:4642 XKLS:5169 STC:SII HKSE:01746 ASX:AJL TSE:1905 WAR:ERB HKSE:00498 WAR:DEK BKK:CNT
Traded in Other Exchanges
N/A
Address
Website
http://www.forgegroup.com.au
Forge Group Ltd provides construction, commercial building, engineering, maintenance and workshop fabrication services. Its operations are segmented into four areas - Minerals & Resources, Power, Construction and Asset Management. The Minerals & Resources segment provides a wide range of engineering, design and construction services for the mining and metals sector. The Power segment provides turnkey power generation solutions to the energy and utilities sectors. The Construction segment offers a suite of construction services that covers all disciplines including heavy civil, structural, mechanical, piping, tanks, electrical, instrumentation, and building. Further, the Asset Management segment offers various asset management services. The Company has operational footprints across Australia, North America, Africa and Asia.

Forge Group (ASX:FGE) Headlines

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