FORZ (Forza Innovations) Equity-to-Asset: -58.32 (As of Dec. 2023)

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What is Forza Innovations Equity-to-Asset?

Forza Innovations FORZ -99.00% Equity-to-Asset is -58.32 as of Dec. 2023.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Forza Innovations's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-4.26 Mil. Forza Innovations's Total Assets for the quarter that ended in Dec. 2023 was $0.07 Mil. Therefore, Forza Innovations's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -58.32.

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

FORZ's Equity-to-Asset is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 0.65
* Ranked among companies with meaningful Equity-to-Asset only.

Forza Innovations (OTCPK:FORZ) 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%.

Forza Innovations Equity-to-Asset Related Terms

Forza Innovations Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for Forza Innovations'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.

Forza Innovations Equity-to-Asset Chart

Forza Innovations Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Equity-to-Asset

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0.16

0.07

-2.05

-2.87

-50.64

Forza Innovations Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															-6.70	-10.58	-50.64	-58.67	-58.32

FORZ vs USAQ, EMED, RTSL: Equity-to-Asset Comparison

For the Medical Devices subindustry, Forza Innovations'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.

Forza Innovations Equity-to-Asset vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Forza Innovations's Equity-to-Asset distribution charts can be found below:

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

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Forza Innovations 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.

Forza Innovations'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
	=	-4.608	/	0.091
	=	-50.64

Forza Innovations'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
	=	-4.257	/	0.073
	=	-58.32

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

What does a Equity-to-Asset of -58.32 mean?

Forza Innovations (FORZ) has a Equity-to-Asset of -58.32 as of Dec. 2023. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Forza Innovations and its competitors.

Is Forza Innovations' Equity-to-Asset too high?

Forza Innovations' current Equity-to-Asset is -58.32.

How does Forza Innovations' Equity-to-Asset compare to USAQ and EMED?

Forza Innovations' Equity-to-Asset of -58.32 can be compared against companies in the Medical Devices & Instruments industry. The industry median Equity-to-Asset is 0.65. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Equity-to-Asset for a Medical Devices & Instruments company?

The median Equity-to-Asset among Medical Devices & Instruments companies is 0.65, based on 854 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset 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 Equity-to-Asset mean?

A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Forza Innovations and its competitors. For the Medical Devices & Instruments industry, the median Equity-to-Asset is 0.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forza Innovations's current Equity-to-Asset is -58.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Forza Innovations stock overvalued right now?

Forza Innovations (FORZ) has a current Equity-to-Asset of -58.32. The current Equity-to-Asset is -58.32. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Equity-to-Asset calculated?

Equity-to-Asset is calculated from a company's financial statements. For Forza Innovations (FORZ), the current Equity-to-Asset is -58.32 as of Dec. 2023. 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.

Forza Innovations Business Description

Industry Healthcare Medical Devices & Instruments

Comparable Companies USAQ EMED RTSL VRAYQ NNMX INBS RSLS NUMD NUWE ESMC ABT SYK MDT BSX SZSE:300760 EW DXCM ZBH STE XAMS:PHIA

Address 406 9th Avenue, Suite 210, San Diego, CA, USA, 92101

Website https://www.forzinnovations.com

Forza Innovations Inc is in the health-tech wearable performance business. The company has acquired all the ownership and rights to certain late developmental-stage products, including the J4 Sport, J4 X, and J4 Fitbelt. These products are wearable back compression devices, used to relax, warm up, loosen, or relax stiff & sore muscles. The therapeutic application of heat causes a change in the temperature of the soft tissues which decreases joint stiffness and relieves inflammation.