Forbidden Foods (ASX:FFF) Equity-to-Asset : 0.65 (As of Dec. 2023)

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What is Forbidden Foods Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Forbidden Foods's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$1.67 Mil. Forbidden Foods's Total Assets for the quarter that ended in Dec. 2023 was A$2.55 Mil. Therefore, Forbidden Foods's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.65.

The historical rank and industry rank for Forbidden Foods's Equity-to-Asset or its related term are showing as below:

ASX:FFF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.65 Med: 0.73 Max: 0.8
Current: 0.65

During the past 3 years, the highest Equity to Asset Ratio of Forbidden Foods was 0.80. The lowest was 0.65. And the median was 0.73.

ASX:FFF's Equity-to-Asset is ranked better than
66.68% of 1927 companies
in the Consumer Packaged Goods industry
Industry Median: 0.54 vs ASX:FFF: 0.65

Forbidden Foods Equity-to-Asset Historical Data

The historical data trend for Forbidden Foods's Equity-to-Asset 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.

Forbidden Foods Equity-to-Asset Chart

Forbidden Foods Annual Data

Trend

Jun21

Jun22

Jun23

Equity-to-Asset

0.70

0.78

0.67

Forbidden Foods Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.75	0.78	0.80	0.67	0.65

Competitive Comparison of Forbidden Foods's Equity-to-Asset

For the Packaged Foods subindustry, Forbidden Foods's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.

Forbidden Foods's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Forbidden Foods's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Forbidden Foods's Equity-to-Asset falls into.

Forbidden Foods Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Forbidden Foods's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1.775	/	2.652
	=	0.67

Forbidden Foods's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1.669	/	2.552
	=	0.65

Forbidden Foods (ASX:FFF) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Forbidden Foods Equity-to-Asset Related Terms

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

Forbidden Foods (ASX:FFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Forbidden Foods Ltd (ASX:FFF) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

16/663 Victoria Street, Abbotsford, Melbourne, VIC, AUS, 3067

Website

https://www.forbiddenfoods.com.au

Forbidden Foods Ltd is an Australian owned and managed food company specialising in the sourcing and development of health focused food products for retail and food service in Australia and abroad.

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