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Futuris Co (Futuris Co) Debt-to-Equity : -2.08 (As of Jul. 2020)


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What is Futuris Co Debt-to-Equity?

Futuris Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2020 was $2.79 Mil. Futuris Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2020 was $0.00 Mil. Futuris Co's Total Stockholders Equity for the quarter that ended in Jul. 2020 was $-1.34 Mil. Futuris Co's debt to equity for the quarter that ended in Jul. 2020 was -2.08.

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 Futuris Co's Debt-to-Equity or its related term are showing as below:

FTRS's Debt-to-Equity is not ranked *
in the Business Services industry.
Industry Median: 0.37
* Ranked among companies with meaningful Debt-to-Equity only.

Futuris Co Debt-to-Equity Historical Data

The historical data trend for Futuris Co'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.

Futuris Co Debt-to-Equity Chart

Futuris Co Annual Data
Trend Mar99 Mar00 Mar01 Mar02 Mar03 Mar04 Jul20
Debt-to-Equity
Get a 7-Day Free Trial 0.26 -0.35 -0.32 -0.32 -2.08

Futuris Co Semi-Annual Data
Mar99 Mar00 Mar01 Mar02 Mar03 Mar04 Jul20
Debt-to-Equity Get a 7-Day Free Trial 0.26 -0.35 -0.32 -0.32 -2.08

Competitive Comparison of Futuris Co's Debt-to-Equity

For the Staffing & Employment Services subindustry, Futuris Co'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.

Futuris Co's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Futuris Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Futuris Co's Debt-to-Equity falls into.


Futuris Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Futuris Co's Debt to Equity Ratio for the fiscal year that ended in Jul. 2020 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
=(2.79 + 0) / -1.341
=-2.08

Futuris Co's Debt to Equity Ratio for the quarter that ended in Jul. 2020 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
=(2.79 + 0) / -1.341
=-2.08

* 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.

Futuris Co  (OTCPK:FTRS) 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.

Futuris Co Debt-to-Equity Related Terms

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Futuris Co (Futuris Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Futuris Co (OTCPK:FTRS) » Definitions » Debt-to-Equity
Comparable Companies
WAR:HRC NSE:DYNAMIC OSTO:NJOB GXXM BOM:539697 NSE:ACEINTEG XAMS:MORE ASX:HMI LSE:RTC XAMS:DPA
Traded in Other Exchanges
N/A
Address
22 Baltimore Road, Rockville, MD, USA, 20850
Website
https://www.futuris.company
Futuris Co is a Human Capital Management (HCM) company focused on the acquisition and operation of executive search, staffing, and consulting companies that are specialized in professional service verticals such as medical, accounting/finance, information technology, recruitment process outsourcing (RPO), and human resources. The company is committed to building a staffing company through targeted and accretive acquisitions and operational efficiencies.