Firan Technology Group (TSX:FTG) Debt-to-Equity : 0.59 (As of Feb. 2024)

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What is Firan Technology Group Debt-to-Equity?

Firan Technology Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$5.0 Mil. Firan Technology Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$30.5 Mil. Firan Technology Group's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$60.5 Mil. Firan Technology Group's debt to equity for the quarter that ended in Feb. 2024 was 0.59.

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 Firan Technology Group's Debt-to-Equity or its related term are showing as below:

TSX:FTG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.32 Max: 0.64
Current: 0.59

During the past 13 years, the highest Debt-to-Equity Ratio of Firan Technology Group was 0.64. The lowest was 0.12. And the median was 0.32.

TSX:FTG's Debt-to-Equity is ranked worse than
63.18% of 258 companies
in the Aerospace & Defense industry
Industry Median: 0.43 vs TSX:FTG: 0.59

Firan Technology Group Debt-to-Equity Historical Data

The historical data trend for Firan Technology 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.

Firan Technology Group Debt-to-Equity Chart

Firan Technology Group Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

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0.12

0.38

0.26

0.28

0.59

Firan Technology Group Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.32	0.64	0.64	0.59	0.59

Competitive Comparison of Firan Technology Group's Debt-to-Equity

For the Aerospace & Defense subindustry, Firan Technology 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.

Firan Technology Group's Debt-to-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Firan Technology Group's Debt-to-Equity distribution charts can be found below:

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

Firan Technology Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Firan Technology Group's Debt to Equity Ratio for the fiscal year that ended in Nov. 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
	=	(5.025	+	30.153)	/	59.535
	=	0.59

Firan Technology Group's Debt to Equity Ratio for the quarter that ended in Feb. 2024 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
	=	(5.039	+	30.464)	/	60.45
	=	0.59

Firan Technology Group (TSX:FTG) 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.

Firan Technology Group Debt-to-Equity Related Terms

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

Firan Technology Group (TSX:FTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Firan Technology Group Corp (TSX:FTG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FTGFF:USA

Address

250 Finchdene Square, Finance Dept, Toronto, ON, CAN, M1X 1A5

Website

https://www.ftgcorp.com

Firan Technology Group Corp is a supplier of aerospace and defense electronic products and subsystems. It has two operating segments namely FTG Circuits and FTG Aerospace. FTG Circuits manufactures printed circuit boards within the marketplace globally. FTG Aerospace designs and manufactures illuminated cockpit panels, keyboards, bezels, sub-assemblies, and assemblies for original equipment manufacturers of avionics products and for airframe manufacturers. The company operates in Canada, the United States, Asia, and Europe and generates substantial sales from the United States. The majority of revenue is from the Circuit segment.

Executives

Amy Rice	Director
Bradley Collier Bourne	Senior Officer

Firan Technology Group (TSX:FTG) Headlines

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