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

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What is Forum Mobile Debt-to-Equity?

Forum Mobile FRMB -99.00% Debt-to-Equity is -1.51 as of Jun. 2006.

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: 0.61
* Ranked among companies with meaningful Debt-to-Equity only.

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

Forum Mobile Debt-to-Equity Historical Data

* Premium members only.

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.

Forum Mobile Debt-to-Equity Chart

Forum Mobile Annual Data
Trend Dec00 Dec01 Dec02 Dec03 Dec04 Dec05
Debt-to-Equity
Get a 7-Day Free Trial -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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.19 0.99 4.37 5.10 -1.51

FRMB vs DIRV, FULO, TOWTF: Debt-to-Equity Comparison

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 Debt-to-Equity vs 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

* 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 -1.51 mean?
Forum Mobile (FRMB) has a Debt-to-Equity of -1.51 as of Jun. 2006. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Forum Mobile and its competitors.
Is Forum Mobile's Debt-to-Equity too high?
Forum Mobile's current Debt-to-Equity is -1.51.
How does Forum Mobile's Debt-to-Equity compare to DIRV and FULO?
Forum Mobile's Debt-to-Equity of -1.51 can be compared against companies in the Telecommunication Services industry. The industry median Debt-to-Equity is 0.61. 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 Telecommunication Services company?
The median Debt-to-Equity among Telecommunication Services companies is 0.61, based on 323 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 Forum Mobile and its competitors. For the Telecommunication Services industry, the median Debt-to-Equity is 0.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forum Mobile's current Debt-to-Equity is -1.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forum Mobile stock overvalued right now?
Forum Mobile (FRMB) has a current Debt-to-Equity of -1.51. The current Debt-to-Equity is -1.51. 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 Forum Mobile (FRMB), the current Debt-to-Equity is -1.51 as of Jun. 2006. 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.

Forum Mobile Business Description

Address 26 Broadway, 21st Floor, New York, NY, USA, 10004
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 complementary fields such as private banking, business development, and consulting, and provides hosting and trading platforms. Geographically the business activities are operated through the United States.