FIFG (First Foods Group) LT-Debt-to-Total-Asset: 3.06 (As of Sep. 2023)


What is First Foods Group LT-Debt-to-Total-Asset?

First Foods Group FIFG -99.50% LT-Debt-to-Total-Asset is 3.06 as of Sep. 2023.

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. First Foods Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 3.06.

First Foods Group's long-term debt to total assets ratio increased from Sep. 2022 (1.19) to Sep. 2023 (3.06). It may suggest that First Foods Group is progressively becoming more dependent on debt to grow their business.

First Foods Group  (OTCPK:FIFG) 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.

First Foods Group LT-Debt-to-Total-Asset Related Terms

First Foods Group LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for First Foods Group'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.

First Foods Group LT-Debt-to-Total-Asset Chart

First Foods Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 0.50 0.48 0.57 0.51 3.32

First Foods Group Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.19 3.32 2.86 2.68 3.06

First Foods Group LT-Debt-to-Total-Asset Calculation

First Foods Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )/Total Assets (A: Dec. 2022 )
=0.179/0.054
=3.31

First Foods Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )/Total Assets (Q: Sep. 2023 )
=0.15/0.049
=3.06

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 3.06 mean?
First Foods Group (FIFG) has a LT-Debt-to-Total-Asset of 3.06 as of Sep. 2023. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on First Foods Group and its competitors.
Is First Foods Group's LT-Debt-to-Total-Asset too high?
First Foods Group's current LT-Debt-to-Total-Asset is 3.06.
How does First Foods Group's LT-Debt-to-Total-Asset compare to BLIS and JFIL?
First Foods Group's LT-Debt-to-Total-Asset of 3.06 can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Business Services company?
A good LT-Debt-to-Total-Asset depends on the Business Services industry context. However, LT-Debt-to-Total-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 LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on First Foods Group and its competitors. First Foods Group's current LT-Debt-to-Total-Asset is 3.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Foods Group stock overvalued right now?
First Foods Group (FIFG) has a current LT-Debt-to-Total-Asset of 3.06. The current LT-Debt-to-Total-Asset is 3.06. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For First Foods Group (FIFG), the current LT-Debt-to-Total-Asset is 3.06 as of Sep. 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.

First Foods Group Business Description

Address c/o Incorp Services, Inc, 3773 Howard Hughes Parkway, Suite 500S, Las Vegas, NV, USA, 89169-6014
First Foods Group Inc is a smaller reporting company focused on developing specialty chocolate product line and related IP through its Holy Cacao subsidiary. In addition, it is also involved in merchant cash advance participations. Key revenue is derived from merchant cash advance income. It is also involved in new health-related brands, concepts and products through FFGI Wholesaling Division and participating in merchant cash advances through First Foods Funding Division. The Company conducts business as two operating segments, First Foods and Holy Cacao.