FBDT (First Breach) Debt-to-Equity: 0.57 (As of Mar. 2026) — Near Median

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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FBDT First Breach Inc FBDT
8 GF Score
Price $1.43
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What is First Breach Debt-to-Equity?

First Breach FBDT -31.90% 8 Debt-to-Equity is 0.57 as of Mar. 2026, which is 2% below its 10-year median of 0.58. GuruFocus rates FBDT with a GF Score™ of 8/100. The stock has 2 warning signs investors should review. Among 317 Aerospace & Defense companies, First Breach ranks worse than 70.66% on this metric.

First Breach's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $2.00 Mil. First Breach's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $1.45 Mil. First Breach's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $6.10 Mil. First Breach's debt to equity for the quarter that ended in Mar. 2026 was 0.57.

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 First Breach's Debt-to-Equity or its related term are showing as below:

FBDT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.57   Med: 0.58   Max: 1.1
Current: 0.57

During the past 2 years, the highest Debt-to-Equity Ratio of First Breach was 1.10. The lowest was 0.57. And the median was 0.58.

FBDT's Debt-to-Equity is ranked worse than
70.66% of 317 companies
in the Aerospace & Defense industry
Industry Median: 0.3 vs FBDT: 0.57

First Breach  (NAS:FBDT) 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.


First Breach Debt-to-Equity Related Terms


First Breach Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for First Breach'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.

First Breach Debt-to-Equity Chart

First Breach Annual Data
Trend Dec24 Dec25
Debt-to-Equity
1.10 0.58

First Breach Quarterly Data
Dec24 Mar25 Dec25 Mar26
Debt-to-Equity 1.10 N/A 0.58 0.57

FBDT vs : Debt-to-Equity Comparison

For the Aerospace & Defense subindustry, First Breach'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.


First Breach Debt-to-Equity vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, First Breach's Debt-to-Equity distribution charts can be found below:

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


FBDT
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First Breach Inc FBDT
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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First Breach Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

First Breach's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

First Breach's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* 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-Equity →
What does a Debt-to-Equity of 0.57 mean?
First Breach (FBDT) has a Debt-to-Equity of 0.57 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on First Breach and its competitors. This is near median its historical median of 0.58. Over the past decade, First Breach's Debt-to-Equity has ranged from 0.57 to 1.10. According to the industry distribution chart, First Breach ranks #224 out of 317 companies in the Aerospace & Defense industry, placing it in the top 70.7%.
Is First Breach's Debt-to-Equity too high?
First Breach's current Debt-to-Equity of 0.57 is near median its 10-year median of 0.58. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 1.10. The Aerospace & Defense industry median Debt-to-Equity is 0.30. First Breach's value of 0.57 is 90% above this industry median. Based on the distribution chart, First Breach ranks #224 out of 317 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, First Breach has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does First Breach's Debt-to-Equity compare to ?
According to the Aerospace & Defense industry distribution chart, First Breach ranks #224 out of 317 companies for Debt-to-Equity. This places First Breach in the lower half of its industry. The industry median Debt-to-Equity is 0.30. First Breach's value of 0.57 is 90% above this benchmark. Historically, First Breach's own Debt-to-Equity has ranged from 0.57 to 1.10 over the past decade. While the company's 10-year median is 0.58 vs. the industry median of 0.30, First Breach has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Aerospace & Defense company?
The median Debt-to-Equity among Aerospace & Defense companies is 0.30, based on 317 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Breach's current Debt-to-Equity of 0.57 is 90% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on First Breach and its competitors. For the Aerospace & Defense industry, the median Debt-to-Equity is 0.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Breach's current Debt-to-Equity is 0.57, which is near median its own 10-year median of 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Breach stock overvalued right now?
First Breach (FBDT) has a current Debt-to-Equity of 0.57. The current Debt-to-Equity is 0.57, which is near median its 10-year median of 0.58 and 90% above the Aerospace & Defense industry median of 0.30. First Breach's overall GF Score™ is 8/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For First Breach (FBDT), the current Debt-to-Equity is 0.57 as of Mar. 2026. 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 Breach Business Description

Comparable Companies
Address 18450 Showalter Road, Hagerstown, MD, USA, 21742
First Breach Inc operates as an integrated manufacturer of ammunition and ammunition components, serving commercial, law enforcement, and military markets. Its operations include lead smelting, brass cup and casing manufacturing, and final product assembly. The company sources raw materials from suppliers in multiple countries and distributes its products through distributors, with smaller quantities sold directly to consumers and small businesses. Its core product lines include centerfire cartridges, bullets, casings, and cups, for pistol and rifle. The company derives its revenue from the production and sale of ammunition, which includes shipping income.
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