FGHFF (Forte Group Holdings) Equity-to-Asset : 0.07 (As of Sep. 2024)

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What is Forte Group Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Forte Group Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $0.83 Mil. Forte Group Holdings's Total Assets for the quarter that ended in Sep. 2024 was $11.36 Mil. Therefore, Forte Group Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was 0.07.

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

FGHFF' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.28 Med: 0.8 Max: 0.96
Current: 0.07

During the past 6 years, the highest Equity to Asset Ratio of Forte Group Holdings was 0.96. The lowest was -0.28. And the median was 0.80.

FGHFF's Equity-to-Asset is ranked worse than
94.64% of 112 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.565 vs FGHFF: 0.07

Forte Group Holdings Equity-to-Asset Historical Data

The historical data trend for Forte Group Holdings'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.

Forte Group Holdings Equity-to-Asset Chart

Forte Group Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.83

0.90

0.67

0.31

-0.28

Forte Group Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Equity-to-Asset	Get a 7-Day Free Trial															0.10	-0.28	-0.24	-0.06	0.07

Competitive Comparison of Forte Group Holdings's Equity-to-Asset

For the Beverages - Non-Alcoholic subindustry, Forte Group Holdings'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.

Forte Group Holdings's Equity-to-Asset Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Forte Group Holdings's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Forte Group Holdings's Equity-to-Asset falls into.

Forte Group Holdings 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.

Forte Group Holdings's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-2.695	/	9.741
	=	-0.28

Forte Group Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

Equity to Asset (Q: Sep. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	0.827	/	11.355
	=	0.07

Forte Group Holdings (OTCPK:FGHFF) 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%.

Forte Group Holdings Equity-to-Asset Related Terms

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Forte Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Forte Group Holdings Inc (OTCPK:FGHFF) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

7BC0:Germany FGH:Canada

Address

1108 West 8th Avenue, Vancouver, BC, CAN, V6H 4C8

Website

https://www.bevcanna.com

Forte Group Holdings Inc lifestyle and wellness beverages and nutraceuticals under the flagship TRACE brand, while expanding white-label production for partners. It is also preparing to launch its TRACE BLACKwater products internationally, alongside a new line of proprietary nutraceutical health products in the U.S. under the TRACE brand, its recent acquisition of the U.S.-based direct-to-consumer (DTC) e-commerce and nutraceutical product company.