FG Acquisition (TSX:FGAA.V) LT-Debt-to-Total-Asset : 0.32 (As of Sep. 2024)

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What is FG Acquisition 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. FG Acquisition's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.32.

FG Acquisition's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.32). It may suggest that FG Acquisition is progressively becoming more dependent on debt to grow their business.

FG Acquisition LT-Debt-to-Total-Asset Historical Data

The historical data trend for FG Acquisition'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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FG Acquisition LT-Debt-to-Total-Asset Chart

FG Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

FG Acquisition Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						-	-	-	-	0.32

FG Acquisition LT-Debt-to-Total-Asset Calculation

FG Acquisition'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	/	3.326
	=

FG Acquisition'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 )
	=	4.104	/	12.866
	=	0.32

FG Acquisition (TSX:FGAA.V) 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.

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FG Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FG Acquisition Corp (TSX:FGAA.V) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SLT.U:Canada

Address

510 West Georgia Street, Suite 1800, Vancouver, BC, CAN, V6B 0M3

Website

Saltire Capital Ltd intends to build and grow a portfolio of profitable and cashflow-generating private investments that would not otherwise be available to public market investors through its proprietary origination process and to maximize its intrinsic value on a per-share basis over the long term by seeking to achieve superior investment performance commensurate with reasonable risk.

FG Acquisition Headlines

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