FGHFF (Forte Group Holdings) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Forte Group Holdings LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Forte Group Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Forte Group Holdings's long-term debt to total assets ratio declined from Sep. 2023 (0.01) to Sep. 2024 (0.01). It may suggest that Forte Group Holdings is progressively becoming less dependent on debt to grow their business.

Forte Group Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Forte Group Holdings's LT-Debt-to-Total-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.

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Forte Group Holdings LT-Debt-to-Total-Asset Chart

Forte Group Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

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
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

Forte Group Holdings LT-Debt-to-Total-Asset Calculation

Forte Group Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	0.06	/	9.741
	=	0.01

Forte Group Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	0.075	/	11.355
	=	0.01

Forte Group Holdings (OTCPK:FGHFF) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Forte Group Holdings LT-Debt-to-Total-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 » LT-Debt-to-Total-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.