First Foods Group (First Foods Group) Debt-to-Equity : -0.49 (As of Sep. 2023)

View and export this data going back to 2016. Start your Free Trial

What is First Foods Group Debt-to-Equity?

First Foods Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $2.51 Mil. First Foods Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.15 Mil. First Foods Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-5.42 Mil. First Foods Group's debt to equity for the quarter that ended in Sep. 2023 was -0.49.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for First Foods Group's Debt-to-Equity or its related term are showing as below:

FIFG' s Debt-to-Equity Range Over the Past 10 Years
Min: -99999999.99 Med: -0.79 Max: -0.37
Current: -0.49

During the past 8 years, the highest Debt-to-Equity Ratio of First Foods Group was -0.37. The lowest was -99999999.99. And the median was -0.79.

FIFG's Debt-to-Equity is not ranked
in the Business Services industry.
Industry Median: 0.38 vs FIFG: -0.49

First Foods Group Debt-to-Equity Historical Data

The historical data trend for First Foods Group's Debt-to-Equity 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.

First Foods Group Debt-to-Equity Chart

First Foods Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

-1.33

-1.10

-0.91

-0.64

-0.52

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
Debt-to-Equity	Get a 7-Day Free Trial															-0.55	-0.52	-0.50	-0.51	-0.49

Competitive Comparison of First Foods Group's Debt-to-Equity

For the Specialty Business Services subindustry, First Foods Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

First Foods Group's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, First Foods Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where First Foods Group's Debt-to-Equity falls into.

First Foods Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

First Foods Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2.319	+	0.179)	/	-4.824
	=	-0.52

First Foods Group's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2.507	+	0.15)	/	-5.42
	=	-0.49

First Foods Group (OTCPK:FIFG) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

First Foods Group Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of First Foods Group's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

First Foods Group (First Foods Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » First Foods Group Inc (OTCPK:FIFG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Incorp Services, Inc, 3773 Howard Hughes Parkway, Suite 500S, Las Vegas, NV, USA, 89169-6014

Website

https://www.firstfoodsgroup.com

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.