FBS Global (FBGL) Debt to Equity (2022 - 2025)

FBS Global's (FBGL) quarterly Debt to Equity came in at $0.01 in Q4 2025, down 97.2% year-on-year from $0.36 in Q4 2024, and down 97.2% quarter-over-quarter from $0.36 in Q4 2024.

FBS Global (FBGL) Debt to Equity (2022 - 2025) Analysis & Trends

FBS Global has disclosed Debt to Equity across 4 years of filings, most recently posting $0.01 for Q4 2025.

  • Debt to Equity for Q4 2025 came in at $0.01, down 97.2% year-over-year; the trailing twelve-month figure through Dec 2025 was $0.01 (down 97.2% YoY), and the FY2025 annual result was $0.01, down 94.9% from the prior year.
  • Debt to Equity came in at $0.01 for Q4 2025 at FBS Global, down from $0.36 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $0.78 in Q4 2022 to a low of $0.01 in Q4 2025.
  • The 4-year median for Debt to Equity is $0.41 (2024), against an average of $0.4.
  • Across the five-year window, Debt to Equity decreased 22.47% in 2024 and plunged 97.2% in 2025, its largest moves.
  • FBS Global's Debt to Equity stood at $0.78 in 2022, then slumped by 41.52% to $0.46 in 2023, then fell by 22.47% to $0.36 in 2024, then tumbled by 97.2% to $0.01 in 2025.
  • The last three Debt to Equity figures came in at $0.01 (Q4 2025), $0.36 (Q4 2024), and $0.46 (Q4 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Quanta Services 103.56 Bn 103.29 Bn 1.11 Bn 0.65
2 Comfort Systems Usa 64.33 Bn 63.28 Bn 754.41 Mn 0.01
3 Emcor 36.81 Bn 35.90 Bn 863.95 Mn -
4 Mastec 27.54 Bn 27.38 Bn 477.90 Mn 0.77
5 Sterling Infrastructure 25.78 Bn 25.28 Bn 194.30 Mn 0.24
6 APi 18.83 Bn 18.18 Bn 620.00 Mn 0.79
7 Jacobs Solutions 14.81 Bn 13.43 Bn 794.89 Mn 1.24
8 IES Holdings 14.35 Bn 14.09 Bn 254.79 Mn 0.03
9 Dycom Industries 13.61 Bn 12.90 Bn - 1.51
10 FBS Global 5.16 Mn 80,152.72 - 0.01

Historic Data

Download Data
DateValue
Dec 31, 2025 0.01
Dec 31, 2024 0.36
Dec 31, 2023 0.46
Dec 31, 2022 0.78