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Forza Innovations (Forza Innovations) Equity-to-Asset : -58.32 (As of Dec. 2023)


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What is Forza Innovations Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Forza Innovations's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-4.26 Mil. Forza Innovations's Total Assets for the quarter that ended in Dec. 2023 was $0.07 Mil. Therefore, Forza Innovations's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -58.32.

The historical rank and industry rank for Forza Innovations's Equity-to-Asset or its related term are showing as below:

FORZ' s Equity-to-Asset Range Over the Past 10 Years
Min: -58.67   Med: -0.22   Max: 0.84
Current: -58.32

During the past 8 years, the highest Equity to Asset Ratio of Forza Innovations was 0.84. The lowest was -58.67. And the median was -0.22.

FORZ's Equity-to-Asset is ranked worse than
99.66% of 870 companies
in the Medical Devices & Instruments industry
Industry Median: 0.65 vs FORZ: -58.32

Forza Innovations Equity-to-Asset Historical Data

The historical data trend for Forza Innovations's Equity-to-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.

* Premium members only.

Forza Innovations Equity-to-Asset Chart

Forza Innovations Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Equity-to-Asset
Get a 7-Day Free Trial 0.16 0.07 -2.05 -2.87 -50.64

Forza Innovations Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Equity-to-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 -6.70 -10.58 -50.64 -58.67 -58.32

Competitive Comparison of Forza Innovations's Equity-to-Asset

For the Medical Devices subindustry, Forza Innovations's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.


Forza Innovations's Equity-to-Asset Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Forza Innovations's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Forza Innovations's Equity-to-Asset falls into.



Forza Innovations Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Forza Innovations's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )=Total Stockholders Equity/Total Assets
=-4.608/0.091
=-50.64

Forza Innovations's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )=Total Stockholders Equity/Total Assets
=-4.257/0.073
=-58.32

* 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.


Forza Innovations  (OTCPK:FORZ) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Forza Innovations Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Forza Innovations's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Forza Innovations (Forza Innovations) Business Description

Traded in Other Exchanges
N/A
Address
406 9th Avenue, Suite 210, San Diego, CA, USA, 92101
Forza Innovations Inc is in the health-tech wearable performance business. The company has acquired all the ownership and rights to certain late developmental-stage products, including the J4 Sport, J4 X, and J4 Fitbelt. These products are wearable back compression devices, used to relax, warm up, loosen, or relax stiff & sore muscles. The therapeutic application of heat causes a change in the temperature of the soft tissues which decreases joint stiffness and relieves inflammation.
Executives
Johnny Forzani director, 10 percent owner, officer: Pres., CEO, Sec., Treas., CFO 30 FORZANI WAY, CALGARY A0 T3Z 1L5
Shefali Vibhakar director, 10 percent owner, officer: President, CEO, CFO, Sec. Trea 1914 24TH AVE E, PALMETTO FL 34221
Tom Forzani director 30 FORZANI WAY, CALGARY A0 T3Z 1L5
Geoff Stanbury director BOX 25 SITE 1 RR1, MILLARVILLE A0 T0L 1K0