Fortune Asia Group (ASX:FYA) Debt-to-Equity : 0.00 (As of Jun. 2018)

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What is Fortune Asia Group Debt-to-Equity?

Fortune Asia Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2018 was A$0.00 Mil. Fortune Asia Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2018 was A$0.00 Mil. Fortune Asia Group's Total Stockholders Equity for the quarter that ended in Jun. 2018 was A$1.83 Mil. Fortune Asia Group's debt to equity for the quarter that ended in Jun. 2018 was 0.00.

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

ASX:FYA's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Fortune Asia Group Debt-to-Equity Historical Data

The historical data trend for Fortune Asia 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.

Fortune Asia Group Debt-to-Equity Chart

Fortune Asia Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Debt-to-Equity

Fortune Asia Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18
Debt-to-Equity	Get a 7-Day Free Trial				-	-	-	-	-

Competitive Comparison of Fortune Asia Group's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Fortune Asia 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.

Fortune Asia Group's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Fortune Asia Group's Debt-to-Equity distribution charts can be found below:

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

Fortune Asia Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fortune Asia Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2018 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)	/	1.641
	=	0.00

Fortune Asia Group's Debt to Equity Ratio for the quarter that ended in Jun. 2018 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)	/	1.83
	=	0.00

Fortune Asia Group (ASX:FYA) 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.

Fortune Asia Group Debt-to-Equity Related Terms

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

Fortune Asia Group (ASX:FYA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortune Asia Group Ltd (ASX:FYA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

377 Kent Street, Suite 525, Sydney, NSW, AUS, 2000

Website

http://www.ergau.com

Fortune Asia Group Ltd, formerly Emperor Range Group Ltd is engaged in mining and exploration at the tenements situated in Xinjiang Uygur Autonomous Region of the People's Republic of China.

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