Forge Innovation Development (Forge Innovation Development) Debt-to-Equity : 2.74 (As of Mar. 2024)

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What is Forge Innovation Development Debt-to-Equity?

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 Total Stockholders Equity for the quarter that ended in Mar. 2024 was $1.74 Mil. Forge Innovation Development's debt to equity for the quarter that ended in Mar. 2024 was 2.74.

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 Innovation Development's Debt-to-Equity or its related term are showing as below:

FGNV' s Debt-to-Equity Range Over the Past 10 Years
Min: -115 Med: 0.25 Max: 2.74
Current: 2.74

During the past 8 years, the highest Debt-to-Equity Ratio of Forge Innovation Development was 2.74. The lowest was -115.00. And the median was 0.25.

FGNV's Debt-to-Equity is not ranked
in the Real Estate industry.
Industry Median: 0.76 vs FGNV: 2.74

Forge Innovation Development Debt-to-Equity Historical Data

The historical data trend for Forge Innovation Development'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.

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Forge Innovation Development Debt-to-Equity Chart

Forge Innovation Development Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.24

0.55

-0.53

-0.63

2.00

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-Equity	Get a 7-Day Free Trial															2.64	1.48	1.57	2.00	2.74

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

For the Real Estate Services subindustry, Forge Innovation Development'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 Innovation Development's Debt-to-Equity Distribution in the Real Estate Industry

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

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

Forge Innovation Development Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Forge Innovation Development's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 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
	=	(0.466	+	4.19)	/	2.325
	=	2.00

Forge Innovation Development's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(0.459	+	4.316)	/	1.741
	=	2.74

Forge Innovation Development (OTCPK:FGNV) 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 Innovation Development Debt-to-Equity 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-Equity

Comparable Companies

Traded in Other Exchanges

N/A

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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