Financial Gravity Companies Debt-to-Assets Ratio Growth & History (FGCO)

Financial Gravity Companies's debt-to-assets ratio was 0.09 for fiscal 2022.

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Financial Gravity Companies annual debt-to-assets ratio history

Financial Gravity Companies annual debt-to-assets ratio

Fiscal yearPeriod endedDebt-to-assets ratioChangeGrowth
20222022-09-300.090.02+24.73%
20212021-09-300.08−0.05−41.18%
20202020-09-300.130.11+848.73%
20192019-09-300.01−0.37−96.47%
20182018-09-300.380.26+221.92%
20172017-09-300.120.12
20162016-09-300.000.00
20152015-09-300.00
20132013-09-3024.64

Financial Gravity Companies debt-to-assets ratio trends

Over the last five fiscal years, Financial Gravity Companies's debt-to-assets ratio decreased from 0.12 to 0.09, a change of −0.02. The latest reported quarter, Q3 2022, shows 0.05.

About the metric

What the debt-to-assets ratio means

The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.

Calculation and source

How debt-to-assets is calculated

TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.

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