FIFG (First Foods Group) Debt-to-Equity: -0.49 (As of Sep. 2023)

What is First Foods Group Debt-to-Equity?

First Foods Group FIFG -99.50% Debt-to-Equity is -0.49 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 Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-5.42 Mil. First Foods Group's debt to equity for the quarter that ended in Sep. 2023 was -0.49.

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

FIFG's Debt-to-Equity is not ranked ^*
in the Business Services industry.
Industry Median: 0.33
* Ranked among companies with meaningful Debt-to-Equity only.

First Foods Group (OTCPK:FIFG) 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 Foods Group Debt-to-Equity Related Terms

First Foods Group Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for First Foods 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.

First Foods Group Debt-to-Equity Chart

First Foods Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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-1.33

-1.10

-0.91

-0.64

-0.52

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-Equity	Get a 7-Day Free Trial															-0.55	-0.52	-0.50	-0.51	-0.49

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

For the Specialty Business Services subindustry, First Foods 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.

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

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

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

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First Foods Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

First Foods Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(2.319	+	0.179)	/	-4.824
	=	-0.52

First Foods Group's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(2.507	+	0.15)	/	-5.42
	=	-0.49

Frequently Asked Questions Learn more about Debt-to-Equity →

What does a Debt-to-Equity of -0.49 mean?

First Foods Group (FIFG) has a Debt-to-Equity of -0.49 as of Sep. 2023. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on First Foods Group and its competitors.

Is First Foods Group's Debt-to-Equity too high?

First Foods Group's current Debt-to-Equity is -0.49.

How does First Foods Group's Debt-to-Equity compare to BLIS and JFIL?

First Foods Group's Debt-to-Equity of -0.49 can be compared against companies in the Business Services industry. The industry median Debt-to-Equity is 0.33. 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 a Business Services company?

The median Debt-to-Equity among Business Services companies is 0.33, based on 955 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. 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 Foods Group and its competitors. For the Business Services industry, the median Debt-to-Equity is 0.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Foods Group's current Debt-to-Equity is -0.49. 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-Equity of -0.49. The current Debt-to-Equity is -0.49. 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 Foods Group (FIFG), the current Debt-to-Equity is -0.49 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

Industry Industrials Business Services

Comparable Companies BLIS JFIL FRTG SMX ELVG ADMQ GPOX LSE:REL TSX:TRI CTAS CPRT XAMS:WKL GPN XPAR:SW LSE:RTO ASX:BXB TSX:RBA DLB LSE:ITRK TSE:7911

Address c/o Incorp Services, Inc, 3773 Howard Hughes Parkway, Suite 500S, Las Vegas, NV, USA, 89169-6014

Website https://www.firstfoodsgroup.com

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.