FSTF (First State Financial) Debt-to-Equity: 0.00 (As of Mar. 2026)

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What is First State Financial Debt-to-Equity?

First State Financial FSTF Debt-to-Equity is 0.00 as of Mar. 2026. Among 516 Conglomerates companies, First State Financial ranks worse than 193798.26% on this metric.

First State Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0.00 Mil. First State Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0.00 Mil. First State Financial's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $-0.10 Mil. First State Financial's debt to equity for the quarter that ended in Mar. 2026 was 0.00.

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 State Financial's Debt-to-Equity or its related term are showing as below:

FSTF's Debt-to-Equity is not ranked ^*
in the Conglomerates industry.
Industry Median: 0.55
* Ranked among companies with meaningful Debt-to-Equity only.

First State Financial (OTCPK:FSTF) 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 State Financial Debt-to-Equity Related Terms

First State Financial Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for First State Financial'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 State Financial Debt-to-Equity Chart

First State Financial Annual Data

Trend

Dec07

Dec08

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Debt-to-Equity

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N/A

0.00

First State Financial Quarterly Data
	Dec18	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Debt-to-Equity	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

FSTF vs TMGI, CIRX, HON: Debt-to-Equity Comparison

For the Conglomerates subindustry, First State Financial'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 State Financial Debt-to-Equity vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, First State Financial's Debt-to-Equity distribution charts can be found below:

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

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First State Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

First State Financial's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 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	+	0)	/	-0.103
	=	0.00

First State Financial's Debt to Equity Ratio for the quarter that ended in Mar. 2026 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	+	0)	/	-0.103
	=	0.00

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

What does a Debt-to-Equity of 0.00 mean?

First State Financial (FSTF) has a Debt-to-Equity of 0.00 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on First State Financial and its competitors. According to the industry distribution chart, First State Financial ranks #999999 out of 516 companies in the Conglomerates industry.

Is First State Financial's Debt-to-Equity too high?

First State Financial's current Debt-to-Equity is 0.00. Based on the distribution chart, First State Financial ranks #999999 out of 516 companies in the Conglomerates industry, which is in the bottom quartile relative to peers.

How does First State Financial's Debt-to-Equity compare to TMGI and CIRX?

According to the Conglomerates industry distribution chart, First State Financial ranks #999999 out of 516 companies for Debt-to-Equity. This places First State Financial in the lower half of its industry. The industry median Debt-to-Equity is 0.55. 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 Conglomerates company?

The median Debt-to-Equity among Conglomerates companies is 0.55, based on 516 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 State Financial and its competitors. For the Conglomerates industry, the median Debt-to-Equity is 0.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First State Financial's current Debt-to-Equity is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is First State Financial stock overvalued right now?

First State Financial (FSTF) has a current Debt-to-Equity of 0.00. The current Debt-to-Equity is 0.00. 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 State Financial (FSTF), the current Debt-to-Equity is 0.00 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 State Financial Business Description

Industry Industrials Conglomerates

Comparable Companies TMGI CIRX ADX:IHC HON TSE:6501 TSE:8058 MMM TSE:8001 TSE:8031 TSE:5803 TSE:8002 TSE:8053 HKSE:00267 MIL:PST TSE:8015 HKSE:00001 BSP:ITSA3 XKRX:034730 TSE:6971 TSE:4901

Address 55 E Washington Street, Chicago, IL, USA, 60602

Website https://www.firststatefl.com

First State Financial Corp is engaged in various businesses which are E-commerce platform, health products, daily necessities, international trade, digital currency, and social media platforms.