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Forest Road Acquisition II (Forest Road Acquisition II) Debt-to-Equity : 0.01 (As of Sep. 2023)


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What is Forest Road Acquisition II Debt-to-Equity?

Forest Road Acquisition II's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.40 Mil. Forest Road Acquisition II's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Forest Road Acquisition II's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $33.50 Mil. Forest Road Acquisition II's debt to equity for the quarter that ended in Sep. 2023 was 0.01.

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 Forest Road Acquisition II's Debt-to-Equity or its related term are showing as below:

FRXB.U' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.01   Max: 0.54
Current: 0.01

During the past 3 years, the highest Debt-to-Equity Ratio of Forest Road Acquisition II was 0.54. The lowest was 0.01. And the median was 0.01.

FRXB.U's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.125 vs FRXB.U: 0.01

Forest Road Acquisition II Debt-to-Equity Historical Data

The historical data trend for Forest Road Acquisition II'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.

Forest Road Acquisition II Debt-to-Equity Chart

Forest Road Acquisition II Annual Data
Trend Dec20 Dec21 Dec22
Debt-to-Equity
0.54 - -

Forest Road Acquisition II Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 0.01 0.01

Competitive Comparison of Forest Road Acquisition II's Debt-to-Equity

For the Shell Companies subindustry, Forest Road Acquisition II'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.

Forest Road Acquisition II's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Forest Road Acquisition II's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Forest Road Acquisition II's Debt-to-Equity falls into.


Forest Road Acquisition II Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Forest Road Acquisition II'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
=(0 + 0) / 335.013
=0.00

Forest Road Acquisition II'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
=(0.4 + 0) / 33.503
=0.01

* 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.

Forest Road Acquisition II  (NYSE:FRXB.U) 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.

Forest Road Acquisition II Debt-to-Equity Related Terms

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Forest Road Acquisition II (Forest Road Acquisition II) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Forest Road Acquisition Corp II (NYSE:FRXB.U) » Definitions » Debt-to-Equity
Comparable Companies
FLFV TWLV BRD ALSA CNDB RMGC SAMA FDOC CSTA IRRX PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
1177 Avenue of the Americas, 5th Floor, New York, NY, USA, 10036
Website
https://www.spacroadtwo.com
Forest Road Acquisition Corp II is a blank check company.
Executives
Daniel Strauss director C/O CLINTON GROUP, INC, 9 WEST 57TH STREET, NEW YORK NY 10019
Pallavi Gondipalli director 1177 AVENUE OF THE AMERICAS, 5TH FLOOR, NEW YORK NY 10036
Kevin A Mayer director, officer: Co-Chief Executive Officer 500 SOUTH BUENA VISTA STREET, BURBANK CA 91521-0845
Thomas O Staggs director, officer: Co-Chief Executive Officer C/O WALT DISNEY CO, 500 S BUENA VISTA STREET, BURBANK CA 91521-1018
Keith Horn director 204 STATE ROUTE 17B, P.O. BOX 5013, C/O MONTICELLO CASINO AND RACEWAY, MONTICELLO NY 12701
Salil Mehta director 1177 AVENUE OF THE AMERICAS, 5TH FLOOR, NEW YORK NY 10036
Zachary Tarica officer: Chief Operating Officer 1177 AVENUE OF THE AMERICAS, 5TH FLOOR, NEW YORK NY 10036
Idan Shani officer: Chief Financial Officer 1177 AVENUE OF THE AMERICAS, 5TH FLOOR, NEW YORK NY 10036
King Martin Luther Iii director 1177 AVENUE OF THE AMERICAS, 5TH FLOOR, NEW YORK NY 10036
Forest Road Acquisition Sponsor Ii Llc 10 percent owner 1177 AVENUE OF THE AMERICAS, 5TH FLOOR, NEW YORK NY 10036
Jeremy Tarica officer: Chief Investment Officer 1177 AVENUE OF THE AMERICAS, 5TH FLOOR, NEW YORK NY 10036
Tk Road, Llc 10 percent owner 1177 AVENUE OF THE AMERICAS, 5TH FLOOR, NEW YORK NY 10036