Forum Mobile (Forum Mobile) Debt-to-Equity : -1.51 (As of Jun. 2006)

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What is Forum Mobile Debt-to-Equity?

Forum Mobile's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2006 was $9.66 Mil. Forum Mobile's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2006 was $2.89 Mil. Forum Mobile's Total Stockholders Equity for the quarter that ended in Jun. 2006 was $-8.31 Mil. Forum Mobile's debt to equity for the quarter that ended in Jun. 2006 was -1.51.

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 Forum Mobile's Debt-to-Equity or its related term are showing as below:

FRMB's Debt-to-Equity is not ranked ^*
in the Telecommunication Services industry.
Industry Median: 0.65
* Ranked among companies with meaningful Debt-to-Equity only.

Forum Mobile Debt-to-Equity Historical Data

The historical data trend for Forum Mobile'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.

Forum Mobile Debt-to-Equity Chart

Forum Mobile Annual Data

Trend

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Debt-to-Equity

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-3.29

-0.62

-0.30

-0.21

4.37

Forum Mobile Quarterly Data
	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06
Debt-to-Equity	Get a 7-Day Free Trial															3.19	0.99	4.37	5.10	-1.51

Competitive Comparison of Forum Mobile's Debt-to-Equity

For the Telecom Services subindustry, Forum Mobile'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.

Forum Mobile's Debt-to-Equity Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Forum Mobile's Debt-to-Equity distribution charts can be found below:

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

Forum Mobile Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Forum Mobile's Debt to Equity Ratio for the fiscal year that ended in Dec. 2005 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
	=	(6.443	+	6.858)	/	3.044
	=	4.37

Forum Mobile's Debt to Equity Ratio for the quarter that ended in Jun. 2006 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
	=	(9.662	+	2.891)	/	-8.305
	=	-1.51

Forum Mobile (OTCPK:FRMB) 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.

Forum Mobile Debt-to-Equity Related Terms

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

Forum Mobile (Forum Mobile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Forum Mobile Inc (OTCPK:FRMB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Broadway, 21st Floor, New York, NY, USA, 10004

Website

http://www.forum-mobile.com

Forum Mobile Inc is a global Mobile Virtual Network Enabler (MVNE) based in the USA. It specializes in MVNE, Mobile Services, Telecom, and cloud services. The company is active in a variety of complimentary fields such as private banking, business development and consulting and provides hosting and trading platforms. Geographically the business activities are operated through United States.

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