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

Financial Gravity Companies's debt-to-equity ratio was 0.18 for fiscal 2022.

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Financial Gravity Companies annual debt-to-equity ratio history

Financial Gravity Companies annual debt-to-equity ratio

Fiscal yearPeriod endedDebt-to-equity ratioChangeGrowth
20222022-09-300.180.03+18.15%
20212021-09-300.15−0.02−9.73%
20202020-09-300.170.15+780.55%
20192019-09-300.02−1.50−98.74%
20182018-09-301.521.35+795.30%
20172017-09-300.170.17
20162016-09-300.000.00
20152015-09-300.00

Financial Gravity Companies debt-to-equity ratio trends

Over the last five fiscal years, Financial Gravity Companies's debt-to-equity ratio increased from 0.17 to 0.18, a change of 0.01. The latest reported quarter, Q3 2022, shows 0.11.

About the metric

What the debt-to-equity ratio means

The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.

Calculation and source

How debt-to-equity is calculated

TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.

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